Any investor is seeking high returns, and in order to make beneficial investments, they have to know which markets are exploding. One of such markets is the medical marijuana market. Last year, the legal cannabis industry reached total economic output of $16 billion, which is tantalizing for investors. Some changes in the legislation encouraged greater acceptance of this market as well.
Such a trend is expected to continue. The global legal cannabis market is led by North America and Europe, where some companies are already organizing to go global and to export cannabis products all over the world. They have also begun to establish production contracts in Europe, South America, Asia, Africa, and Australasia. The industry has been creating new jobs. Moreover, it is generating tax revenue for governments. According to Arcview Market Research and BDS Analytics, by 2027, the legal cannabis market will hit $57 billion.
The solution for those interested in investing in this sphere is found. Starting from September 17, you will be able to invest in CannabisCare CopyPortfolio groups along with stocks from other cannabis companies from the United States. You will be able to that with the help of eToro’s CopyPortfolio, launched in February 2016.
For more than a decade, eToro has been a leader in the global Fintech revolution. It is the world’s leading social trading network, with millions of registered users and an array of innovative trading and investment tools. Founded in 2007, eToro was aimed at making trading accessible to anyone, anywhere, and reducing dependency on traditional financial institutions. Cryptocurrencies were added to the platform last year, making eToro a perfect start for crypto trading experience, as social trading made the platform balance the chances for newcomers and ranked traders on bringing the crypto-house down.
The platform is sponsoring Gaël Monfils, French tennis star, and partnering seven Premier League clubs, with the aim to fund the sponsorship deal that will see it pay for football with Bitcoin.
CannabisCare has been added to the company not long ago. According to Yoni Assia, eToro’s CEO, the company is interested in legal cannabis industry, as its growing market will bring profits to the investors, and eToro is looking to make trading as straightforward as possible. The composition of the CopyPortfolio contains companies which grow medical marijuana, develop cannabis-based pharmaceuticalsand other companies involved in this sector.
For those interested in investing, the minimum investment amount is $5,000. The CannabisCare CopyPortfolio will be opened until it reaches 1,000 investors, so hurry up.