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Retirement Investment Firms Remain Wary of Weed Industry

Aug. 1, 2018, 12:30 PM

Marijuana growers and cannabis-affiliated companies can’t seem to spark the interest of established investment firms, even as revenue from sales continues to soar in the U.S.

Global weed sales are expected to increase significantly as countries such as Canada—where recreational use of marijuana becomes legal in October—loosen laws on the drug’s use. In the U.S., legal cannabis retail sales will reach almost $10 billion in 2018, according to Bloomberg Intelligence analysts using data from New Frontier Data. Total market sales in the U.S. could rise to $24 billion by 2025 and the industry will create almost 300,000 jobs by 2020,...

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