The pendulum of cannabis legalization in the US seems to have begun to swing back towards a positive stance over the first half of 2018. Legalization supporters have witnessed a massive shift from January’s hard stance by US Attorney General Jeff Sessions against State’s rights, now to more recent speculation that congress may be now finally primed for legalization.
With the rise of cannabis legalization across North America, the rise in niche expertise in the sector has also flourished. Experts are needed across the board, from cultivation experience, to safely steering companies through the remaining legal mine fields. As consultancies and forums continue to pop up across the continent, the industry as a whole is maturing and refining itself at a rapid rate.
While the sector includes behemoths like Canopy Growth, that can partner with or acquire pretty much any smaller player it sets their eyes on, other options for the emerging players are becoming available. New and more established companies are offering services, from financial, to growing space, to retail and trademarking expertise to this rapidly expanding market.
Canopy itself has a strategic partnership with private company Canopy Rivers, which has a lot of the same faces on its roster, but ultimately has a slightly different approach. Canopy Rivers is designed to pursue opportunities, through amassing a portfolio of cannabis industry investments, like licensed producers, late stage applicants, pharmaceutical formulators, branded developers & distributors, and technology & media platforms.
However, another platform is also emerging, that’s much like the real estate income trust (REIT). In fact, Innovative Industrial Properties is officially listed as a REIT, and already paid out five rounds of dividends to its investors. Junior company CROP Infrastructure Corp. is also real estate focused, and asset backed, as it’s aggressively building an empire of greenhouse spaces across multiple states, and has signed on an impressive slate of tenants for its facilities, equipment, and management expertise.
The cannabis sector is constantly evolving, as the industry as steadily improves, and weeds out the playing field. Through the business cooperation of experts within knowledgeable corporations with the up-and-comers, there’s plenty of growth to be spread around.
WHERE THE CANNABIS SECTOR IS HEADED
According to Arcview Market Research and its research partner BDS Analytics, much progress is to be expected around the globe in the legal cannabis market over the next ten years. Spending on legal cannabis worldwide will hit $57 billion by 2027. Much of the growth is being credited to the expanding map of regions allowing for recreational use, and not just being restricted to medical cannabis. However, not every state has the openness for consumers to partake in the recreational market, yet. In the meantime, as each new market is added to the map, the experts in the sector will already have the experience to share, and the capital to help build out these jurisdictions.
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