There I said it. I know this is provocative but this is one trend that investors can’t overlook.
My search on the “hottest new franchise trends” started with intentions of highlighting some rock-star boutique fitness studios, emerging health food brands, and some not-so-healthy but yummy fast-casual restaurant options. But then I ran across “Cannabis” as one of the hottest new trends in the franchise industry and I have to say, I was intrigued. So, naturally, I had to do a little more research.
And here is what I found:
America is Dominating the Global Cannabis Market: According to CFN Media Group, in the next 7 years, the global cannabis market is expected to pull in $150 billion, with the U.S. contributing to a significant portion of that figure. The Cannabis market is one of the fastest growing industries on the planet today. Unbelievable.
30 States Now Have Marijuana Legalization: Recreational Marijuana is now legal in nine states. Medical marijuana is legal in 30 states, according to Business Insider. Oklahoma became the 30th state to legalize medical marijuana just this month! A Gallup poll shows that 64% of Americans favor legalization.
Cannabis Franchises are Now Available. For those with the right level of liquid capital and network, you can own your own cannabis franchise now for a total investment level of $300k – $1.2M! With an industry that is growing ~30% year over year, that does not sound like a bad investment at all.
I am not making a political statement on whether I advocate the legalization of marijuana or not. This is purely about hot investment opportunities in an industry that is exploding and will continue to surge as more states come on board. These are the simple facts, folks.
Intrigued? Feel free to contact me for more investment details.
Whose to say, you could be the next emerging brand franchise owner in this exploding industry!
Author: Stacie Shannon, Founder & CEO, Fusion Franchising