Certain Industries & Information Are Restricted
Last updated
Last updated
Huge booming legal industries like cryptocurrency, cannabis, affiliate marketing, gambling, and many more have been treated like criminals and denied services from mainstream providers. As a result, many billion dollar industries are unable to legally advertise their products and services.
The cannabis industry in the United States first began decriminalization in 1973. Oregon was the first state to decriminalize cannabis in 1973 where the state imposed a $100 fine for possession of up to an ounce. Fast-forward to today and cannabis is either decriminalized or legal for medical and/or recreational use in the majority of the country.
Other countries that have legalized the medical use of cannabis include Argentina, Australia, Barbados, Bermuda, Brazil, Canada, Chile, Colombia, Croatia, Cyprus, Czech Republic, Denmark, Ecuador, Finland, Germany, Greece, Ireland, Israel, Italy, Jamaica, Lebanon, Lithuania, Luxembourg, Malawi, Malta, the Netherlands, New Zealand, North Macedonia, Norway, Peru, Poland, Portugal, Saint Vincent and the Grenadines, San Marino, Sri Lanka, Switzerland, Thailand, the United Kingdom, Uruguay, Vanuatu, Zambia, and Zimbabwe.
Cannabis has also been legalized for recreational use in Canada, Georgia, South Africa, and Uruguay, plus 14 states, 2 territories, and the District of Columbia in the United States, and the Australian Capital Territory in Australia.
A policy of limited enforcement has also been adopted in many countries, in particular the Netherlands where the sale of cannabis is tolerated at licensed coffee shops. Many other countries have also decriminalized cannabis and many more are currently in the process of also doing so. The global Legal Cannabis Market is expected to register a 4.11% CAGR from 2019 to 2024 and reach USD 32.34 Billion by the end of 2024. https://www.marketresearchfuture.com/reports/legal-marijuana-market-4656 Even with all of this progress over the last 45+ years businesses operating in the cannabis space are denied bank accounts, they cannot sign up with PayPal or Stripe to process payments, some have been kicked off of social media, and they are banned or heavily restricted from advertising on mainstream advertising exchanges like Google Ads and Facebook. Many other restricted industries face these exact same challenges.
