Published on 22 Apr 2022 on FinanceBuzz via Yahoo Finance

Investing in Cannabis can Be Profitable with These 5 Tips

In recent years, more states have introduced measures designed to allow the use of cannabis. From medical use, decriminalization, recreational use, or a combination, most states allow some form of cannabis or CBD. There are only three states where it’s completely illegal to use cannabis in any form.

Additionally, in 2021 and 2022, the U.S. House of Representatives has passed multiple versions of a banking law designed to get rid of penalties on banking institutions involved in cannabis-related transactions. While the legislation still hasn’t passed the Senate and big banks continue to shy away, the number of credit unions and state-charted banks stepping in to serve the banking needs of the cannabis industry is growing rapidly.

If you’re interested in potentially diversifying your portfolio, it might make sense to consider a cannabis investment.