Legalize it: the global legal framework on cannabis and its implications on recreational market

The recreational cannabismarket has been under transition from the black market into a legalregulated one.This has been happening due to:an increase in acceptance rates; medical research depictingcannabisas less harmful than alcohol; the economic impact.Uruguay tried to be a pioneer in legalization,butthe over-conservatismcreatedseveral barriers for trade, causinga lack of legal supply, pushing up the black market, and currently illegally selling a legal product.Nevertheless, the industry is expected to continue its growth once more data on health issuesgets released andonce cannabiscompanies get easieraccess to credit and a clear road to the market