Cannabis is quickly being legalized around the world, with Canada, Uruguay and Germany already leading the way in fully legalizing the consumption and sale of recreational cannabis nationwide. Many U.S. states have also followed suit, opening the doors to some of the biggest investments in the rapidly growing cannabis industry.
It might be quite hard to imagine that the use of cannabis for medical and other purposes is being legalized across the world. As a result, though, companies globally are producing both medicinal and recreational products in order to support this market.
The companies that are linked to cannabis for medicinal purposes, and which are listed on the stock exchange, have seen an increase in their share prices by over 64% in the last month alone! In comparison, this growth is ten times higher than the growth in tech giants, such as Apple, Facebook and Amazon.
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As more states and countries legalize cannabis globally, cannabis will continue to gain strategic importance in the medical field. But it isn’t just the medical industry that has taken an interest in cannabis. In July 2018, Heineken (NASDAQOTH: HEINY) launched Hi-Fi Hops. Under its Lagunitas brand, this cannabis-only beverage is designed to taste like beer but does not contain alcohol. Experts expect this industry to reach $75 million in sales by 2030.
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