America Next: Overseas Firms Invest in U.S. Cannabis Industry

In the absence of U.S.-based investors — scared away by federal prohibition, firms from countries such as Israel and Canada are stepping into the profit margins.

Despite impressive sales and stupendous room for growth — and the fact that it’s still very, very early in the marijuana legalization era — the American cannabis industry has been slow to attract interest from big domestic names.

Everyone is eager for a piece of what could be a $24 billion market in less than a decade — who wouldn’t be? — but with a cannabis-unfriendly administration in the White House and plenty of reform necessary even if the president was Willie Nelson, caution is the watchword among most big-time domestic investors and existing companies.

Read More at CannabisNow.com