Since cannabis is still illegal at the federal level, U.S.
Ancillary firms provide cannabis businesses with materials, technology and services but don’t deal in the plant itself.
KushCo Holdings distributes vaporizers and smoking accessories across the world through dispensaries, smoke shops and through its own e-commerce stores.
While it’s only a weed, the commercial cultivation of the plant is highly complex; it’s difficult to get a plant to express the right properties to deliver the desired effect.
Beer makers aren’t the only ones who are hedging their future on cannabis drinks.
Food and Drug Administration has not approved a marketing application for cannabis for the treatment of any disease or condition.
Cannabis REITs were been the best-performing property sector for the second year in a row in 2020, soaring more than 150% despite the ongoing pandemic.
Check out companies such as Power REIT , which focuses exclusively on the acquisition, ownership, and management of specialized properties leased to medical-use cannabis facilities.
After all, as more states flip from medical to rec, ancillary companies that support cannabis companies will continue to see major growth.