Use or sale of cannabis in the United States was generally prohibited until relatively recently. While U.S. federal law still prohibits the use or sale of cannabis, laws in at least 29 states and the District of Columbia permit the sale of cannabis for medical use only; in other states it is permitted for adult and medical purposes.
The industry has seen consistent growth – in 2016 alone, consumers spent $6.7 billion on legally purchased cannabis products and some estimate that by 2021, consumer spending on cannabis will reach $22.6 billion. Recent developments in Brazil seem to indicate that its policies, like those of several other countries, may be transitioning as well. Continue reading Cannabis Industry: Opportunities for Brazilian Investors