Cannabis has become a product of legal consumption in 10 out of the 50 States in the USA and globally its medicinal use is legal in 21 countries. Canada after Uruguay among the few countries that have legalized the recreational use of Cannabis where the industry is more developed than others. Also, it is certain that more countries are going to join the list at least for its medicinal use in the near future.
Although legal cannabis market is small now, the companies career to position themselves in it began years ago. The increase in the prices of the shares of cannabis companies has turned some of your partners, friends or neighbors in millionaires.
The business does not only reside in Cannabis itself, but also, or even more, in all its derivative products made
with cannabidiol, a compound with more applications than the THD, but without psychoactive properties.
Cannabidiol appears in a wide variety of products that include oils, lotions, soaps, and beauty products. The most recent niche is the food and beverage industry, where companies are adding it to soft drinks, coffee, ice cream or cocktails. By 2020, it is expected to make its way into yogurts, soups, and even salad dressings, according to a report on the 2019 food trends of KIND Healthy Snacks.
Its estimated growth is very high: for its legal use global cannabis market is expected to reach 150 billion dollars by 2025.
A short outlook of investing on Cannabis Stocks
A small number of cannabis companies are trading in the stock in the US and Canadian stock markets where you are able to buy stocks. First, it should be noted that companies already listed in the market focus their business in different areas, such as simply growing hemp,
laboratories that manufacture drugs with cannabis derivatives or companies that provide secondary services such as the sale of products such as bongs or rolling paper.
And, second, it is important to note that although everything indicates that the legal consumption of cannabis will grow, it is necessary to make a thorough analysis of the company before investing. The growth of the market does not mean that a company is also going to expand because its product may not be so good, or that it has such a high debt that it is a slab for its performance, for example. That is why we insist on the importance of analyzing the company's numbers before buying any of these actions. These are some of the leaders in the legal market for cannabis.
Now let's have some focus on another important aspect that may revolutionize the entire trading process and the stock market in 2019. And that is blockchain integrated financial CRM software for financial service providers especially designed for stock markets.
The benefits of blockchain backed CRM for the Stock market
Investing, risk management, asset & fund management or trading - we know that the financial service sectors regularly face hard challenges. Blockchain backed
financial CRM for business improvements can 100% ensure that all up to date data is available in real time. And it also ensures that data protection concepts comply with legal requirements and the demands of the industry are fully met especially for those who are working in the Stock Market.
CRM using blockchain can provide greater security to the process the requests of online stock trading, and this will allow the final recipient to know the entire information of the option. It would, therefore, give
greater confidence to do financial transactions and would end the possible fear of scams or falsifications. Blockchain has a technology that sets each user as owner and responsible for their data. Proper utilization of blockchain may significantly affect the way of understanding the trading in different stock market.
With the Blockchain technology CRM, the dependency on mediators would disappear since the business would be done without third parties, thereby providing the process of greater speed, efficient and cost-effective.
Buying, selling and other standard processes of parties involved in stock trading would be mapped in one system. Decisions would always be traceable, and documents will be stored centrally. At the same time, we can say that the four-eye principle will be constructed with the entire process.
Finally, Blockchain integrated CRM would end anonymity in the market networks, since each user would be subject to personal, unique and non-transferable identity.