10 August 2016
Marijuana Times report…
Last year officially marked the year of the Cannabis Domain Name Boom, at least so far. Hundreds of cannabis domain names were registered last year, at what appears to be a record pace. This is an obvious indication that investors from all walks of life are taking the industry seriously and are interested in the new potential green rush. They would be spot on, because the state of Colorado is closing in on a billion dollars worth of legal cannabis sold in just a few short years. This is a huge exploding market that will just continue to expand. Legal cannabis is currently a $5.4 billion industry.
But, the question on every serious cannabis investors mind… Will there be a bust? There always has to be a bust, doesn’t there? Rational thinking when it comes to investing is certainly important. However, if there will be a cannabis business bust, it’s likely not going to come anytime soon. In the span of just one month — from October to November of 2015 — recreational cannabis sales totaled to $51 million in the state of Colorado alone.
Imagine the continued growth of the cannabis market when more and more states legalize throughout 2016 and beyond. Being smart with your money is imperative, but it would appear to most investment experts that the smart money is investing with legal cannabis in 2016.
Read the full report at https://www.marijuanatimes.org/is-it-time-to-invest-in-legal-cannabis-domain-names/