cannabis industry

HOW IS THE
ACTUAL MARKET?

The cannabis industry

The cannabis industry is experiencing unprecedented growth globally, driven primarily by legislative changes that decriminalize consumption and regulate the production of cannabis plant derivatives for therapeutic and, more restrictively, recreational purposes.

This progress at the political level responds essentially to the growing social demand for a regulation of the use of medical cannabis. This demand, in turn, is sponsored in part by scientific advances that demonstrate the potential therapeutic utility of some cannabis derivatives in an increasing number of diseases. Therefore, we can say that the rise of the current cannabis industry is largely due to the combination of scientific, social, political and economic interests.

Legalization of medical cannabis

Currently, more than thirty countries have legalized the therapeutic use of cannabis extracts and it is estimated that at least a dozen more will do so in the coming years. Uruguay, Israel and the Netherlands have been pioneering countries in this regard, but it has probably been legislative changes in two world economic powers such as the United States of America (USA) and Canada that have most contributed to the current boom in the cannabis industry.

In the US, although it has not been legalized at the federal level, more than half of the member states have passed laws that regulate the use of medical cannabis.

Canada marked history on October 17, 2018 because, although medical cannabis was legalized in that country since 2001, the law that legalizes and regulates cannabis use for any purpose, thus becoming the world’s leading economic power in completely decriminalize cannabis.

OVER THE WORLD

PLACES WHERE THE USE OF MEDICINAL
CANNABIS HAS BEEN LEGALIZED

Argentina

Australia

Canada

Chile

Colombia

Croatia

Cyprus

Germany

Greece

Israel

Italy

Jamaica

Lithuania

Luxembourg

North Macedonia

Norway

Netherlands

New Zeland

Peru

Portugal

Poland

Argentina

Argentina

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