Today, the world has much of its cannabis crop grown in the United States. But the U.S. is about to change the way it handles marijuana. In April, the U.S. Justice Department said it would not interfere with states that have legalized marijuana for medical and/or recreational use. The announcement “breaks with past practices and signals a major shift in federal policy.” But, there is still plenty of uncertainty ahead, because the U.S. is still not legalizing the cultivation of cannabis and the sale of marijuana products.
A new crackdown on marijuana has delayed a plan to make it legal in Canada. The federal government recently announced that it would not approve a bid by a company called Tilray to grow medical marijuana in Canada.
Marijuana is a relatively new investment sector, and while it may not be legal in some places, it is quickly catching on in other places. For instance, in the United States, cannabis is legal in some states, but not in others. Since it is not federally legal, the U.S. is currently in a legal limbo regarding cannabis. As cannabis use increases and its legal status becomes clearer, it’s very likely that the U.S. will legalize cannabis altogether.Not so long ago, investment opportunities in the cannabis sector were very limited, as policies changed frequently. In a way they still are, but not as much as in the past. Thanks to the victories of cannabis reform, the legal cannabis industry can operate in more areas than during prohibition. Medical cannabis is still illegal in many countries and adult use of cannabis is not permitted in the vast majority of countries, but the winds of change have been blowing for several years. Not only are major companies involved in the international cannabis trade, but investors can now buy shares of these companies on many exchanges. Unfortunately, an investment opportunity popular with investors will be abandoned, at least temporarily.
Change in policy of Credit Suisse
One of the largest international custodian banking organizations is Credit Suisse. A custodian essentially holds the securities of its clients for a number of reasons, including the securities of cannabis companies. It is a popular destination for many investors who want to invest in the cannabis industry but are not allowed to do so through other companies that offer banking services. Credit Suisse was one of the few global investment banks to hold some cannabis stocks for its clients. However, Credit Suisse will reportedly no longer offer this service for U.S. stocks, regardless of where in the world the investor is located.
How long will it take?
Credit Suisse has changed its policy due to the ongoing ban in the US. Apparently the risk is too great for Credit Suisse’s management, even though more and more companies are operating both in and outside the US. The impact of this policy change is being felt by investors around the world, and investment experts point to the recent global sell-off as evidence. Right now, the only thing that could make a difference is if the U.S. legalized cannabis on a federal level. The U.S. ban doesn’t just affect companies within its own borders; it continues to hamper industry efforts around the world, and that needs to change.From the moment the first marijuana store opened in Colorado in 2014, a debate began over whether the state’s burgeoning pot economy was a sign of the good times or a signal of a looming bust. For the most part, the market has been doing just fine, with a rise in legal pot sales fueled by new state laws and continued robust demand. But in the past few weeks, a number of factors have conspired to slow the growth, prompting some to question where the industry is headed.. Read more about bgcang news and let us know what you think.
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