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The Future of Cannabis: Five Things Investors Need To Know

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The Future of Cannabis: Five Things Investors Need To Know

The Future of Cannabis: Five Things Investors Need To Know

Presented by: Equities.com and Viridian Capital Advisors

The recreational cannabis industry is changing fast, and the last few years have been a blur for investors observing the space.

More people today believe that cannabis should be legal than ever before, and famed investors like Peter Thiel have already made giant bets on the future of recreational cannabis.

Here’s five facts you need to know on the fast-moving industry:

  1. Recreational cannabis is already legal in four states and D.C. It is also available for medical purposes in 20 other states, as well as Canada. Viridian Capital Advisors, which provides research to the cannabis sector, estimates between 6 to 13 states will legalize recreational usage by end of 2016.
  2. Legal cannabis was a $700 million industry in Colorado last year. In 2014, Colorado retailers sold $386 million of medical cannabis and $313 million for recreational purposes. The two segments of the market generated $63 million in tax revenue, with an additional $13 million collected in licenses and fees.
  3. Stocks in the sector have boomed over the last two years. The Viridian Cannabis Index, which covers 60 publicly traded cannabis companies in the United States and Canada, was up 77.5% in 2013, 38.4% in 2014, and 23.6% in 2015 Q1.
  4. Total legal cannabis sales have sailed in recent years With $1.6 billion in sales in 2013, it is expected to increase to $3.5 billion in 2018, which is good for an expected 17% compound annual growth rate.
  5. Nearly half of U.S. states and all of Canada now have access to medical cannabis. That includes 23 states (148.6 million people), 1 district (0.7 million people) and Canada (35.2 million people). That’s 52% of the entire population of the United States and Canada.

The landscape of the cannabis industry is quickly changing. More jurisdictions are turning to legalization of medical and recreational cannabis, and the growth story behind the industry is just beginning for investors.

 

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Mapped: Countries Where Recreational Cannabis is Legal

In total, only nine countries have fully legalized recreational cannabis use.

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This map shows the countries where recreational cannabis use is allowed as of April 2024.

Countries Where Recreational Cannabis is Legal

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

In 2024, Germany became the third European Union country to legalize cannabis for personal use, following Malta and Luxembourg.

Here, we map the countries where recreational cannabis use is allowed as of April 2024, based on data from Wikipedia.

Limited to Few Countries

In total, only nine countries have legalized recreational cannabis use nationwide. However, just a few of them have licensed sales.

CountryEffective dateLicensed sales since
🇺🇾 UruguayDecember 2013July 2017
🇬🇪 Georgia30 July 2018Never authorized
🇿🇦 South Africa18 September 2018Never authorized
🇨🇦 Canada17 October 201817 October 2018
🇲🇽 Mexico28 June 2021Never authorized
🇲🇹 Malta14 December 2021Never authorized
🇹🇭 Thailand9 June 20229 June 2022
🇱🇺 Luxembourg21 July 2023Never authorized
🇩🇪 Germany1 April 2024Never authorized
🇺🇸 U.S.Varies by stateVaries by state
🇦🇺 AustraliaVaries by jurisdictionNever authorized

At the federal level, cannabis is still considered an illegal substance in the United States. That said, individual states do have the right to determine their laws around cannabis sales and usage. Currently, cannabis is allowed in 24 states, 3 territories, and the District of Columbia.

Interestingly, the oldest legal text concerning cannabis dates back to the 1600s—when the colony of Virginia required every farm to grow and produce hemp.

Since then, cannabis use was fairly widespread until the 1930s when the Marihuana Tax Act was enforced, prohibiting marijuana federally but still technically allowing for medical use.

Today, the U.S. cannabis market is a $30 billion business. By the end of the decade, that number is expected to be anywhere from $58 billion to as much as $72 billion.

Similar to the U.S., Australia does not allow the use at the national level, but cannabis can be used legally in the Australian Capital Territory, which includes the capital Canberra.

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