Cannabis & CBD
Let’s imagine that we can go back in time to the 1930s when prohibition was first repealed. Knowing that sale, distribution, and consumption of alcohol was about to be legalized, what would you do with this information?
How does this relate to the cannabis industry today? Twenty-eight U.S. states and the District of Columbia have approved medical marijuana programs; eight—Alaska, California, Colorado, Maine, Massachusetts, Nevada, Oregon and Washington, plus the District of Columbia—have legalized marijuana for recreational use, but the business is barred from most banking resources because it is not legal at the federal level.
This revolution is not only taking place in the United States. During the last few years, we have seen medical marijuana legalized in Canada, Germany, Australia, Chile, Brazil, Colombia, Uruguay, Jamaica, Mexico, just to name a few. In mid-April the Canadian government unveiled its framework for fully legalizing recreational use by July 1, 2018.
Any investments into this new industry comes with a lot of volatility and extreme risks. At Reshape Wealth we acknowledge these risks and we are also excited by the many investment opportunities that might accompany them. We continue to follow the cannabis sector as it develops and position ourselves amongst industry leaders.