In this article, we are going to discuss the top 20 countries where weed is legal in 2023. You can skip our detailed analysis of the global cannabis industry, the benefits of legalizing marijuana, and the offshore business activities of some US-based cannabis companies, and go directly to Top 5 Countries Where Weed Is Legal In 2023.
The history of the cannabis industry is riddled with changes and conflicting legislation. The international media has played an important role in shifting perspectives and today, we are watching the slow and steady change of mainstream opinion to consider cannabis one of the more harmless – and probably even potentially beneficial – drugs still largely illegal. As perspectives change, we can also expect the laws to eventually follow suit.
Global Cannabis Industry:
As we mentioned in our article – Top 20 Weed Smoking Countries in the World – the global cannabis market was valued at $47.32 billion in 2022, and is projected to grow from $57.18 billion in 2023 to $444.34 billion by 2030, growing at a CAGR of 34% during the forecast period.
Marijuana legalization is gaining momentum around the globe, driven primarily by the increasing recognition that the product may have a range of legitimate medicinal benefits and therapeutic applications. It is the most widely cultivated, trafficked, and consumed drug worldwide.
The Benefits of Legalization:
Cannabis legalization is a controversial and multi-faceted issue that has recently been the subject of serious debate around the world. It may be difficult for physicians viewing cannabis through the lens of addiction to see any silver lining from legalization, but the first and most immediate benefit is that patients who use weed for therapeutic purposes will no longer fear legal sanctions. The most common therapeutic use of marijuana is for pain control, and while the drug isn’t strong enough for severe pain, it is quite effective for the chronic pain that plagues millions of people, especially as they age.
H/T: finance.yahoo.com
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