The United States and Canada may share a border, but there are inherent differences in how each country views and treats marijuana. The U.S. has many restrictions because marijuana is still considered a controlled substance at the federal level. According to the latest information, a total of 47 states allow pot for medical use, and 24 states allow recreational use for adult consumption and purchase.
This is a stark contrast to what’s happening up north. Canada legalized medical marijuana federally in 2018, leading to a greater evolution of the industry in the country. While uncertainty prevails in the United States, investors could throw their hands into the pot by investing in Canadian stocks that are either listed on major exchanges or traded in the over-the-counter (OTC) markets.
Key Takeaways
- Canadian cannabis stocks lost a good deal of value during the pandemic but the market doesn’t look to be going anywhere.
- When…
