This is where Black Legend Capital ’s skill set comes in handy.īlack Legend Capital’s name is synonymous with a string of successes. While the cannabis industry is attractive, most individuals and investors lack the courage and expertise to tap into the investment opportunities in the industry. Such a ruling and legalizations mean more investment opportunities for individuals and companies to transact and work with cannabis-related legitimate businesses. and Mexico, several other countries have legalized medical use of cannabis like Argentina, Australia, Barbados, Bermuda, Brazil, Canada, Chile, Colombia, Croatia, Cyprus, Czech Republic, Denmark, Ecuador, Finland, Germany, Greece, Ireland, Israel, Italy, Jamaica, Lebanon, Lithuania, Luxembourg, Malawi, Malta, the Netherlands, New Zealand, Norway, Peru, Poland, Portugal, Saint Vincent and the Grenadines, San Marino, Sri Lanka, Switzerland, Thailand, the United Kingdom, Uruguay, Vanuatu, Zambia and Zimbabwe. The ruling also meant that Mexico would allow the cultivation and harvesting of marijuana plants after obtaining a permit from COFEPRIS, which is the Federal Committee for Protection from Sanitary Risks (Comisión Federal para la Protección contra Riesgos Sanitarios).Īpart from the U.S. On June 29, Mexico’s Supreme Court struck down laws that criminalized the recreational use of cannabis in a decisive 8-3 ruling after advocates pushed for decriminalization as a means to reduce drug-fueled cartel violence in the country. In the U.S., the legal cannabis market is projected to pull in $43 billion by 2025, and as lawmakers prepare to pass the Secure and Fair Enforcement (SAFE) Banking Act of 2021 and push for federal-level legalization, the amount anticipated could be more.

With the realization that cannabis production is a growing multibillion-dollar industry, several countries are exploring cannabis business opportunities by legalizing and regulating cannabis products for medicinal and recreational use. conventions on narcotic drugs including the Single Convention on Drugs in 1961.įortunately, last December, the Commission on Narcotic Drugs transferred cannabis from a Schedule 4 to a Schedule 1 drug, which makes cannabis recognized as having medicinal value. The International Opium Convention of 1925 made the possession of cannabis illegal in many countries while the trade of cannabis is regulated by the 3 U.N. Experts project the global legal cannabis market will reach $70.6 billion by 2025.

It is constantly rising, and from projections, the industry’s growth will continue on an upward trajectory. The cannabis industry is red hot right now. Claudia Della Mora, founder and managing director of Black Legend Capital

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