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The cannabis market is growing day by day. In North America, it's expected to reach about $47.3 by 2024. Learn more now.

The cannabis industry is thriving. Very rightly so! It has induced a positive vibe in the state and is continuously enhancing the health of the patients through the medicinal benefits. The popularity of cannabis comes with the negative side too.

Hemp seeds oil extracted from the hemp plant's seeds, which are typically what cannabis plants with little to no THC are called, these seeds are cold-pressed to produce one of the most versatile and nutritionally rich oils on the market. As the seeds are from the hemp plant, they do not produce the famous cannabis 'high.' Hemp seeds oil is witnessing a rise in popularity because it provides a long list of health benefits that have been confirmed through an ongoing body of research.

A new report from Archie Market Research says retail cannabis sales will jump 33% over 2016's totals to hit $10 billion this year. That's a faster pace than the group had previously predicted. Researchers say next year's numbers could increase by an even greater percentage.

The number of banks and credit unions that service the marijuana industry largely leveled off in the last quarter, according to new federal data released late last week. And that market trend could reflect shifting expectations among financial institutions about the likelihood of Congress approving cannabis banking legislation.

Few if any industries are growing at a quicker and more consistent pace in the U.S. than marijuana. A report released earlier this year by Marijuana Business Daily entitled "Marijuana Business Factbook 2017" found that the U.S. legal-weed market is expected to grow by 45% in 2018, and an aggregate of 300% between 2016 and 2021. If these projections are accurate, we could be talking about a $17 billion market by 2021. With growth like this, it's no wonder why marijuana stocks have gone through the roof in recent years.