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Three Developing Industries US Entrepreneurs Should Be Watching Closely

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A true entrepreneur is always watching for new opportunities. Considering the dynamic nature of the world we live in, it’s not that hard to achieve. You see innovative technologies released almost every day and new industries rising to mainstream status.

Here are three fields that have the potential to explode in the USA in the near future, so every American entrepreneur should be watching them closely.

Online Gambling

Most of the best US online gambling sites are currently located in offshore countries and have a questionable legal status. The reason is the restrictive laws for online gambling in America that have been suffocating the industry for decades.

The good news is that a change is coming and several states like New Jersey, Delaware and Pennsylvania already opened the door and legislated online gambling. Their citizens can enjoy sports betting, casino games, and poker on the internet.

Many other states are expected to follow their blueprint and this opens the door to a lot of opportunities. The American people love to gamble online, so there will be room for all kinds of products.

The industry will be huge several years down the road, so looking for a way to capitalize right now is certainly worth the effort.

Recreational Marijuana

Another trend from the past decade or so is related to marijuana. The drug has been illegal for ages but states like Colorado, California, Oregon, and several others decided to change their laws. You can now buy pot legally in many places across the USA.

Many people have embraced the opportunity and the industry is growing by the minute. In 2018, it saw $10 billion in investments and the number is expected to surpass $16 billion in 2019. 

If you consider the fact that many other states will likely legalize marijuana in the upcoming years, the time to invest in this industry is now. It should only grow and the rest of the world could easily follow the example set by the USA.

Virtual Reality

That’s a bit general but it’s hard to pinpoint one single industry that will be changed by Virtual Reality technology because there will be too many of them. 

The development of VR products has been expensive for the past several years. The hardware for the end-user cost too much which lead to a small market and there weren’t many platforms and specialists capable of building quality VR products. The timing was a bit early, but that’s no longer the case.

The user base is growing all the time and the latest rifts are affordable. Millions of people have now embraced VR products and the numbers will skyrocket soon. Find a niche that could benefit from the innovation and go for it.

Conclusion

These are just some of the industries that are about to explode and are worth your attention. You should always keep your opens for innovations and try to invest in technologies that have the potential to change the world that we live in.

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Sean Jacobson

I'm Sean, a former HR and business consultant providing you insights into the business world for Leader to Leader.

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