Reading Time: 3 Minutes
Nerves, nerves, nerves.
So NERVOUS.
How come?
Cos I’m THIS close to signing off on choosing a real estate agent to sell one of the properties in the portfolio.
As much as I hate selling, I think it’s time.
I think so… I mean as part of the annual review, I’ve identified that it isn’t really pulling its weight.
The long term fundamentals still remain, but there’s too much ongoing maintenance and other dramas for it to work short-term.
Plus, I’m looking to reinvest any proceeds into something a bit better (hopefully).
Still, procrastination affects all of us, and if it wasn’t for MrsFrugalSamurai’s gentle prods “stop moaning and get off your backside and do something” – it’d probably still sit there. A thorn up my behind.
But man, here’s hoping I made the right choice.
Need something to calm me down…calm me down…
… ma…marijuana?
Weed
I wrote a piece on the growing market of cannabis earlier (here) and feel like it’s time to revisit.
Cannabis has attracted a wave of investor attention in recent times, with explosive boom and bust cycles in the short-term.
On the ASX, there has been a flurry of stock listings as well (see all the companies in the sector here).
As I wrote earlier, as research ramps up and commercial viability is explored, the legitimacy of an investment in the cannabis sector is becoming an increasing reality, and more socially acceptable as it starts to enter the mainstream.
Medicinally, cannabis has been used in the treatment of a number of diseases and conditions such as:
- Anti-nausea for chemo patients of cancer sufferers
- Alleviating or eliminating convulsive muscle spasms in diseases such as epilepsy, multiple sclerosis, strokes and Parkinson’s.
- Potential treatment for insomnia, eczema, pain relief, melanoma and even autism.
Although it should be noted that ongoing clinical and medical trials are still being conducted to determine the effectiveness of such treatments.
And there’s an increasing list of celebrity endorsements for medical cannabis with such names as Whoopi Goldberg, Morgan Freeman, Lady Gaga and Olivia Newtown-John among others to promote and speak positively about the plant.
The market
So it’s not really a big surprise to hear about companies such as Grand View Research estimating that the worldwide cannabis market could reach an astounding USD 146 billion by 2025.
Australia’s current market is valued at around AUD 6.3 billion.
With 1,000 registered Australian patients currently receiving cannabis as a prescription medicine, experts believe that number could reach 400,000 patients by 2028.
Who’s Thirsty?
More mainstream, it seems the big beer companies are also getting into it.
Constellation Brands (parent company of names such as Corona and Svedka Vodka), Molson Coors, AB InBev SA (Budweiser) have entered into development phase of non-alcoholic cannabis-infused beverages.
Although with anything in the very early days – there’s a lot of “potential”.
But caution must be noted, as this is very much an investment market in the infancy and at the frontier of alternative investments.
You’d assume that it’d take many years for cannabis to reach large scale commercial viability.
Remember this!
Finally, we must not forget the controversial purpose of cannabis as a recreational drug.
Personally I have seen the devastating and long-term effect cannabis abuse has caused within my circle of peers and would never condone this drug to be taken as such.
Honestly, if you don’t need it – just don’t do it!
Did you enjoy this post? If yes, put your email in and click on the little “subscribe” button at the top right. So come on, be a subscriber and get it straight to your inbox fresh out of the oven!
Or you can follow me here:
https://twitter.com/frugal_samurai
https://www.facebook.com/thefrugalsamurai/
33 Comments
Cyndi Buchanan
It’s so good to see Cannabis finally taking off. It’s so beneficial to so many people.
The Frugal Samurai
Think it’s got some legs to go yet… good to see it’s working though, if only as a placebo effect.
Florid Forest
I agree it should only be used medicinally when necessary.
The Frugal Samurai
Exactly my thought!
Elizabeth O
I think it is alright if used in moderation.
The Frugal Samurai
You mean medicinally right?
Joanna
I am not convinced at all about the benefits of weed and I would never use it as a medicine. The same, why would I drink it in beer? It sounds crazy, I think that it’s kind of going too far with this trend…
The Frugal Samurai
Hm you may be right! Although I feel like it’s only going to gather momentum, whether we like it or not!
Liz Rivera
hey! Thanks for writing this!! very helpful and informative!
The Frugal Samurai
No problem, thanks for reading!
Aanya
Hey! Nice information and glad you wrote the disclaimer at the end! 🙂
The Frugal Samurai
No problemo, thanks for reading!
Yatiana
I loved how you summed everything up, if you don’t need it, don’t use it!
And that is the ultimate message
The Frugal Samurai
It really is aye, can be devastating if used incorrectly…
Luna S
I certainly think it is especially CBD in particular, it has become quite popular because of how helpful it is.
The Frugal Samurai
I must admit, don’t know all that much about CBD oils… but hey could be useful to those who need it, do you know people who use it?
Kimmy Mason
It’s an interesting prospect, but I don’t think I’ll be investing until it’s legal federally here.
The Frugal Samurai
And nor should you, everything should be done by the book right!
Joy Hardin
I find the whole weed market interesting. Watched a Profit special on it and was somewhat fascinated. Thanks for your thoughts.
The Frugal Samurai
Where’s the link to the special? I’d be keen to have a look meself to be honest!
Oscar
Selling of cannabis must be regulated
The Frugal Samurai
Yes, although I think this is almost guaranteed if it becomes mainstream legalised globally…
Talat
I strongly believe the government should do it’s bit to restrict marijuana use only for the medicine sector
The Frugal Samurai
Yes, and they most likely will you would imagine.
Streamed TV Fan
It is good that people can see beyond just the addictive properties of cannabis. I’ve been reading about more and more medical cases where they’ve been useful.
The Frugal Samurai
Yeah, being a plant-based drug, you’d expect there to be some sort of natural benefits – just have to tap into this. As opposed to the other side of it, hoping for some more good news from this space!
Polly
Marijuana has health benefits but like most drugs, it can have serious negative effects. And most of the time, the users misuse it. It’s consequences far outweigh the benefits.
The Frugal Samurai
True, but medicinally if applied with the correct processes and formulas, the benefits might outweigh the cons no?
Danielle Wahlstrom
Medical marijuana has many benefits. I like that it is legal since this puts more restrictions on it. Thanks for sharing.
The Frugal Samurai
No problem, thanks for reading! Can I clarify what you meant by saying it’s legal hence more restrictions on it?
The Frugal Samurai
I’m not too sure about that, it can be pretty addictive (seen it first-hand) to those who can’t control themselves, that’s when issues arise. But yeah legalization of drugs is far more beneficial than any “drug” war can ever be.
Craige Hardel
No matter what we think about it. Cannibis is growing and here to stay. Good post
The Frugal Samurai
No worries, thanks for reading – enjoyed the pun too!