The investing parallels of alcohol and marijuana | Bangkok Post: opinion - News Summed Up

The investing parallels of alcohol and marijuana | Bangkok Post: opinion


The decision by Canada to legalise marijuana nationwide on its national day, July 1, puts more pressure on US authorities to remove the national prohibition. It's a question I have been thinking about since the announcement that Canada will consider legislation to legalise marijuana for recreational use. According to Bloomberg News, Canada is advancing plans to become the first Group of Seven nation to legalise recreational marijuana nationally. This is potentially a big deal: Legal marijuana was a $3.4 billion (117 billion baht) business in 2015 in the US; Arc View Market Research pegged the legal marijuana market in 2016 at $7.1 billion. As more countries and states move forward, the end of marijuana prohibition looks more likely.


Source: Bangkok Post April 19, 2017 21:45 UTC



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