What the Cannabis Act of 2018 in Canada Means for the Investors

  The cannabis industry is quickly becoming big business. Last year, for the very first time, U.S. consumer spending eclipsed $10 billion. It is expected that this expenditure will increase to $ 23 billion by 2022. Currently, 33 states including Washington, DC have legalized medical cannabis programs, and 11 states have legalized cannabis for adult use. As more and more states legalize cannabis, the cannabis industry continues to improve. After imposing Canada’s Cannabis Act of 2018, it legalized the sale of 30 grams of cannabis to adults from government-licensed shops. According to the Canadian Prime Minister Justin Trudeau, ‘The Cannabis Act’ is created for better the health and safety of Canadians, to keep cannabis out of the reach of youth, and to stop criminals from making profit. Want to know about cannabis investment opportunities ? Scroll the page and know what things you should keep in your mind if you want to invest in the cannabis industry. As the industry and investors