With Cannabis hitting the headlines more often we were amused to see a financial advisor select legal cannabis as being a suitable investment for yacht crew seeking to get rich
Yachting Financial Solutions have made it their life’s work to help yacht crew become financially independent and leave the industry rich.
Founded over 20 years ago by Clive and Teresa Evans, who have grown the company internationally it is headquartered in Cork, Ireland with representative offices in Antibes, Palma and Manila in the Philippines
The company have they say, “Researched the yachting industry to find out what crew want to invest in.” They add, “We created YFSOL Classic and YFSOL Special investment opportunities in response to what crew said.”
The advisors suggest “There could be a very healthy profit from an investment in Legal Cannabis.”
They add, “The growth forecast for legal marijuana is very good and the returns are POTentially HIGH!
OK so I am making a few puns here and I make no apologies for it!
The fact is more and more countries and US states are legalising medicinal use of marijuana.
There is also a softening towards recreational use. For instance, within the past month, the Canadian Senate gave the nod for legislation legalising recreational use nationwide.
Not only that, a UK chief of police has called for the legalisation of recreational use.
And, as if cannabis couldn’t go more mainstream, Netflix has launched a cannabis-based cooking show.
Unsurprisingly, funds that let you invest in a basket of legal marijuana companies have been attracting attention. They’ve been doing well.
The Alternative Harvest ETF has returned 25% since its launch in 2015. In other words, a US $10,000 investment would have grown to US $12,500. A strong return over the period.
The Horizons Life Sciences Index has done even better. It has returned 137% since inception, turning a US $10,000 into US $23,700 in just over a year.
The Benefits of Investing in this Marijunana Opportunity
Marijuana has been legalised for medical use in 29 US states and recreational use in eight and Washington DC. Canada is in the process of legalising recreational use of marijuana nationwide.
Analysts predict that other advanced economies will be watching with interest to see what happens in Canada, with an eye to following suit. Why? Tax revenue.
Legal cannabis sales are set to quadruple from around US $6.5billion in 2016 to US $24.5billion by 2021 in North America alone, according to a study by investment data house Arcview Market Research.