The Walls are Coming Down Globally for Cannabis Restrictions
The legalization of cannabis is now a globally-encompassing phenomenon.
The takeover is happening state by state and nation by nation, and the floodgates are opening for businesses, entrepreneurs, and investors as the stigma formerly attached to cannabis is now being replaced with heavy consumer demand.
Consumers are happy to have a healthier alternative to alcohol and prescription drugs, and governments are enjoying the new tax revenue coming in by the billions!
The cannabis space holds the promise of vast wealth as an investment because of its global appeal as a medical solution, as well as a recreational pastime for adults.
This flourishing industry is expected to cross the $63 billion value mark by the year 2024.
Embracing the plant, citizens and policymakers are creating a border-crossing patchwork of worldwide cannabis policy reform:
For an in depth and detailed analysis for each country on this map, download MJ Business Daily’s free report (no affiliation).
The legal cannabis market is clearly in a period of vigorous growth directly stemming from the expanding legalization of cannabis product sales and consumption.
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This trend is moving fast, to the point where the news media can barely keep pace with encouraging developments on the cannabis legalization front.
You may have heard the news of the passage of Bill C-45, also known as the Cannabis Act, which will legalize the adult recreational use of cannabis nationwide in Canada. This is slated to take effect on Wednesday, and it’s the most salient news on the cannabis front right now.
And the progress isn’t restricted to Canada: Mexico is also making changes in favor of cannabis legalization.
Last year, Mexico passed a law legalizing medical marijuana, in which qualifying patients were permitted to use a variety of low-THC and high-CBD products, as well as grow their own cannabis at home.
The latest update on legalization in Mexico goes much further than that, though: a recently proposed bill aims to decriminalize adult cannabis use nationwide. Though not yet a law, the proposal would allow individuals to grow up to three plants each and would require the government to set up a system to regulate the production, distribution, and sale of recreational cannabis.
Moving over to the U.K., it has very recently been announced that doctors in Britain will be able to legally prescribe medicinal cannabis starting November 1st. Galvanized by this development, the British news media is currently abuzz in a national discussion on the legalization of medicinal cannabis products.
Meanwhile, history was made not long ago when a top court decriminalized the private use of cannabis in South Africa. With this ruling, South Africa became the third African nation to take steps towards legalizing cannabis for adult use.
Before you know it, the entire world will be ready for the medical and recreational benefits of fully legal cannabis.
Taking strategic positions in the most serious players of the cannabis space now is where we can make a killing, in my opinion.
I’ll be updating you on all the top names who are good buys over the next 4 weeks.
These are all 3- to 5-year holds that I believe could help your portfolio add a few commas to your account statement.
We will never get an opportunity like this again! This is the end of a prohibition.
This space needs to be taken very seriously.
It’s still super early, and the upside is better than I’ve ever seen!
Have a Great Sunday.
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Legal Notice: This work is based on SEC filings, current events, interviews, corporate press releases and what we’ve learned as financial journalists. It may contain errors and you shouldn’t make any investment decision based solely on what you read here. It’s your money and your responsibility. The information herein is not intended to be personal legal or investment advice and may not be appropriate or applicable for all readers. If personal advice is needed, the services of a qualified legal, investment or tax professional should be sought.