It is a fact that the cannabis industry has taken a great scope in recent years, this is due to the current great developments that have made this market take shape, no matter if it is medical, recreational or industrial marijuana, many people are betting on these investments.
The difficult situation of cannabis with the law
Talking about marijuana as the main topic can be a bit delicate since any of its derivatives will always belong to the same family of Cannabis sativa, making its doses very well controlled in countries where its consumption is allowed, that is, each dose must be less than 0.3% according to the US federal law and 0.2% according to the EU legislation.
That said, we will show you an analysis of the American and European sectors with respect to the area of legal marijuana;
The United States
This country legalized hemp with the 2018 Farm Bill and even if in certain counties they do not accept this policy, using these plants for profit is not penalized as long as it contains less than 0.3% THC.
In places like California, the recreational and medicinal use of these substances is 100% legal, this country, moreover, is gradually becoming part of the places where the cannabis market is successful and is constantly evolving.
Canada
Canada legalized the consumption of marijuana, both medicinal and recreational, its system is lighter and it is normal to see adults with up to 30 grams of grass, also, they are allowed to plant them with limits of four units as long as the distributor has authorization from the state.
Uruguay
In 2013, this country was the pioneer in the legalization of marijuana, from then on, the nation makes sure to transmit a responsible message for those who decide to consume these substances, in addition to allowing organizations to grow up to 99 plants per year.
Mexico
For Mexicans, the system of recreational marijuana sales has not yet been approved, it is only legal to sell it for medicinal uses, however, the Senate has a strategy for legal distribution on the waiting list. If approved, Mexico could have the largest marijuana market in the world.
Europe
The situation in Europe varies completely, as there are countries that are reluctant to legalize marijuana, such as Hungary, and others that are a bit more liberal despite the laws imposed by the EU.
France
France continues to maintain a strict law against marijuana, although it is completely safe to buy drugs derived from it, they are difficult to acquire because, for their purchase, a prescription signed by a professional is required.
Even so, the French population has become more liberal in its acceptance of marijuana for medicinal purposes, as demonstrated in surveys published by the French government.
United Kingdom
The United Kingdom, despite not having legalized marijuana yet, is very liberal with the sale of CBD, in addition to the fact that hemp is legal and with few restrictions, its articles no longer fall into the area of medicines but of supplements.
Spain
The Spanish nation does not have a law properly established for the consumption of cannabis, in fact, it is decriminalized, it is a society that has made it look bad to consume these substances. Although, in places like Catalonia, cannabis social clubs have started to be created, such as the Coffeeshop Barcelona and similar venues that started to be available in the past few years.
Portugal
In Portugal, all drugs are decriminalized as long as it is for personal consumption, this means that you can smoke in the street any substance and the judicial process will be null, but, its distribution and production is a little stricter.
The Netherlands
The production and importation of cannabis in the Netherlands are illegal, however, there are the popular “coffeeshops” considered as a grey area, where it is allowed to sell products with a small portion of grass without any penalty.
How is the Cannabis industry managed?
Any company in charge of profiting from the purchase, production or sale of marijuana or its derivatives, belongs to the Cannabis industry since all are classified according to the same source of income, except for those who are in charge of selling cannabis as medicine or health supplements.
What other sectors are supported by the Cannabis industry?
Although its name is recognized for being a medicinal or recreational medium, hemp also has other purposes, such as in the textile industry, where its tow and hempseed are used as the main material, and it also plays a role in other areas such as stationery and agriculture.
Another reason why hemp is used to make tools or artefacts is the quality of its material, as it is strong and robust, an example of which are the panels of Ford cars, whose main material is hemp.
Growth of the global Cannabis market
The growth of this market has grown exponentially since 2020, where its value was $9.1 billion, many experts say that by 2026 its growth could be worth $97.35 billion.
What part of the marijuana sector is most productive?
In 2018, recreational marijuana brought in a third of the revenue in this industry globally, even so, medical marijuana earned 50% of revenue during that same period, perhaps due to the fact that it is legal in many more places around the world.
How to work in the cannabis industry?
It is important that you are in a place where this work is legal, being there, you will always find vacancies, both in jobs for people with little experience to very well paid jobs for people with good preparation.
What does the future hold for this industry?
Although this business is profiting very well, it is still a challenge to achieve its legalization around the world, therefore, the advances in the area may take more time, although it is also very likely that more countries will be linked with their rules and the consumption of marijuana all around the world.
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