'US starts licking legal cannabis trade'

World January 5, 2018 11:51

- The sharp rise in price gains for cannabis shares is in jeopardy. Justice minister Jeff Sessions will drastically limit the distribution, trade and regulations.

The production and trade for recreational and medicinal use are restricted according to new rules.

The cannabis trade has become a billion dollar business in the United States. According to business magazine Forbes, nearly $ 8 billion is being invested. California has become the largest market this year, while trade and stock exchange transactions have increased drastically in Canada.

In nearly half of all states the medicinal cannabis is already possible on prescription. In practice, recreational use with consent goes well and the smokers are widely available in most states. In others, there is sometimes a prison sentence on property.

Investors benefited in recent quarters. Hundreds of companies are listed on smaller exhibitions. In addition to the shares, there are also many derivatives on the listed cannabis producers on the market. The number of index trackers is growing at the same pace as cannabis cultivation gets its entrance into American society.

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