Right now, investors are focusing on Canada’s anticipated cannabis legalization for recreational use this summer. This event alone can have a significantly positive impact on the industry. Yet this event merely marks the beginning for this emerging industry.

Let’s back up for a second and go over an important fundamental distinction. There are generally three categories that investors should consider regarding legal status:

  • Recreational use;
  • Medical use; and
  • Cultivation.

Some countries with active cannabis laws may have legalized only one or two of the above categories.

And these countries hold significant potential for the industry’s future growth on a global scale, as public perception and legal status may change over the coming years.

Here is a list of 34 countries around the world that currently have somewhat favorable cannabis laws in place:

  1. Argentina
  2. Australia
  3. Austria
  4. Belgium
  5. Canada
  6. Chile
  7. Colombia
  8. Croatia
  9. Czech Republic
  10. Denmark
  11. Finland
  12. Germany
  13. Greece
  14. Israel
  15. Italy
  16. Jamaica
  17. Luxembourg
  18. Macedonia
  19. Malta
  20. Mexico
  21. Netherlands
  22. New Zealand
  23. Norway
  24. Peru
  25. Poland
  26. Puerto Rico
  27. Romania
  28. San Marino
  29. Slovenia
  30. Spain
  31. Switzerland
  32. Turkey
  33. Uruguay
  34. Zambia

 

From an industry perspective, these countries are all potential customers. They also house potential entrepreneurs in the service and cultivation space should legal status move in their favor.

So if you’re interested in following and investing in the cannabis industry, you might want to keep an eye on the regulatory environment in each of these nations.  

 


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