In the past few years, quite a few countries have shown support for cannabis, and have also legalized the same in the respective regions. Another addition to the list of the countries that have legalized cannabis is Canada. Recently, it was announced that cannabis will be totally legalized in all of Canada, and this will be effective from October 17. In addition to this, the legal age, when it comes to the purchase of the aforementioned drug, is now been set to 18. As it seems, this industry which is volatile as well as promising, has got yet another tailwind.
Many things are going to be impacted after the legalization of cannabis and one of the factors is the money that will be spent on the purchase of the same. Some of the experts in the industry are also focusing on the same aspect and trying to figure out how this situation may evolve, when it comes to the expenditure. Some are also saying that the numbers are going to be very large.
This industry of cannabis is actually often compared to some other industries such as the alcohol industry, mainly because of the fact that the beverages are also one of the most intriguing products, for all of the consumers of the cannabis, and this can certainly affect the size of the alcohol market, in the near future.
The legalization is indeed a great opportunity for all thee sellers in the region, and some can adopt many strategies such as buying the shares in some of the companies that are suitable, but there are some problems as well. The sellers in Canada are actually restricted to only generic packaging at this point of time, and they are also not allowed to make advertisements that might differentiate some of their products. It would be interesting to see how the sellers handle these situations in the future.