Explosive growth in the legal cannabis market has stirred up excitement amongst industry analysts. A team of analysts from Data Bridge Market Research predicts that, by 2026, the global cannabis market will swell to $110.7 million.
The prediction suggests that, considering previous estimates, the global industry will expand at a compound annual growth rate (CAGR) of 32.2 percent between 2019 and 2026. With colossal growth expected for the industry at large and more places on the world map legalizing weed, cannabis tourism is on the rise.
The 4/20 craze is spreading and with 11 U.S. states now having legalized weed for recreational purposes, is it any wonder why? (If you check out the official Washington tourism website, you’ll notice that there’s even a designated section all about marijuana tourism!)
It’s not just the States that’s jumping on the “Green Rush” express but also, Canada (since October 2018) and a number of other countries around the world. Cannabis tourism is not entirely dependent on the plant being legalized, however, what with a number of countries around the world capitalizing on the sector after decriminalizing the drug.
So, without further ado, let’s find out where on the world map weed aficionados are venturing to amidst the rise of legal pot.
Not sure where to vacation for the best 4/20 experience? Below, we discuss just a handful of global destinations that are quickly becoming the to-go spots for cannabis connoisseurs:
Don’t let the excitement of getting into vacation mode cause you to make a costly mistake when traveling. Getting slammed with a drug trafficking charge is highly possible if you try smuggling weed from one of the aforementioned 4/20 tourism hotspots to wherever you live. The same applies when crossing the U.S. border!
According to a statement published on the U.S. Department of Homeland Security and Transportation Security Administration (TSA) website, “Possession of marijuana and cannabis infused products, such as Cannabidiol (CBD) oil, is illegal under federal law.” The TSA claims that officers must report suspected violations local, state or federal authorities.
On that note, it’s not worth risking bringing some bud or broad spectrum oils back with you from your trip. On a more positive note, things could soon be changing, with what Congress rumored to be heavily focused on legalizing weed at the federal level.
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