Published in the Enterprising Investor of the CFA Institute on “The Evolving International Cannabis Landscape”

“The evolving landscape of the non-U.S. cannabis industry mirrors the early growth stages seen in the United States, which we outlined in our preceding article in this series. As recreational cannabis markets emerge, the consumer base expands from daily enthusiasts, who might even cultivate their own cannabis, to a wider demographic…

This overview provides policymakers and investors insights into the cannabis industry’s potential expansion. For investors, assessing the nuanced interplay between regulatory developments and market growth across different global regions is crucial.

With the United States accounting for 95% of the world’s cannabis sales, it understandably attracts most investor attention. However, we advise those entering the world of cannabis investment to broaden their perspectives. International markets may be small, but their growth potential creates significant opportunities. While the U.S. moves slowly through a maze of incoherent rules and self-imposed market fragmentation, other countries are adopting more coherent and comprehensive approaches, presenting lucrative international opportunities.”

Check out the whole thing!