The North American Marketplace for Cannabis Trade Jeff Siegel - Wealth Daily
go to original May 2, 2016

The medical marijuana market in Mexico is about to be booming due to some recent major changes set forth by the Mexican government.  (SmallCapVoice.com)

Since early 2015, I've been talking about something called the Great North American Cannabis Trade. This is the idea that the legal cannabis industry is no longer relegated to just a small number of regions in British Columbia or Denver. Instead, it's now an enormous intra-continental industry worth hundreds of billions of dollars.

Now, while Canada has certainly taken the lead on cannabis legalization, there's been an enormous amount of progress made in the United States and Mexico, too.

Here in the U.S., half of the states in the nation have either decriminalized or legalized cannabis. The most recent was Pennsylvania, which just last week legalized medical marijuana.

Also last week, Mexican President Enrique Peña Nieto said he wants to not only legalize cannabis-based medicines, but also wants to raise the amount users can legally carry from 5 grams to 28 grams. He's also proposed freeing inmates on minor marijuana charges.

For a country that's probably been more negatively affected by the drug war than any other, this is huge news. Especially since it comes just five months after Mexico's Supreme Court voted to allow Mexican citizens to legally grow cannabis on their properties.

What started out as a slow-moving sea change has turned into a full-on flood.

Just look at this map, where I've highlighted all the states and countries where marijuana has been legalized or decriminalized.



This, my friend, is the marketplace for the Great North American Cannabis Trade.

Read the rest at Wealth Daily

Related: Mexico: Possible New $12 Billion Medical Marijuana Market (SmallCapVoice.com)

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