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
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:
- Czech Republic
- New Zealand
- Puerto Rico
- San Marino
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.
The risk of loss in the trading of stocks, options, futures, foreign exchanges, foreign equities, and bonds can be substantial and is not suitable for all investors. Trading on margin or the use of leverage is not suitable for all investors and losses exceeding your initial deposit is possible. Supporting documentation is available upon request. Trading futures, options on futures, and foreign exchanges involves substantial risk of loss and is not suitable for all investors. Carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources and only risk capital should be used. Opinions, market data, and recommendations are subject to change at any time. The lower the margin used the higher the leverage and therefore increases your risk. Past performance is not necessarily indicative of future results.