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From the first issue of CannaInvestor Magazine, diversification has been emphasized. The current Federal administration appears steadfast with not only not pursuing the road to ending prohibition but also with possible enforcement of Federal laws as evidenced by this recent article. There are reports of tourists and travelers being denied entry for admitting past use of cannabis, even if as medicine, in their own country. The most cited example is Canada so let’s quickly look at the legal status of cannabis in Canada recreationally and medically.
1) Recreational use of marijuana is illegal throughout Canada. There is currently legislation to end prohibition in the summer of 2018 through a legal regulated adult market.
2) According to the Government of Canada “Cannabis is not an approved drug or medicine in Canada. The Government of Canada does not endorse the use of cannabis, but the courts have required reasonable access to a legal source of cannabis when authorized by a physician.”
In the US, it is hopeful that the mature progressive forces backed by science, education, and public opinion will one day change the landscape however until that day arrives one could consider international diversification and once again Canada just may be the optimal place to invest.
Some foreign currency projections have the Canadian dollar appreciating against the US dollar. If that holds true, one Canadian dollar will convert to more American dollars in 2018 then now. My last article demonstrated how that can be beneficial to US investors and you are encouraged to familiarize yourself with that if you have any uncertainty on the issue. I have been asked to explore further why investing in Canadian companies may have the edge.