Greeting, dabbers, and welcome to a new weekly feature we will be launching here at Weed Connection! Our “WeedStock Report” will post here every Friday, rounding up the stocks and business news in the cannabis industry. Investors can pick up a tip or two here, while the rest of us can bask in the reassurance that big business money means cannabis legalization will march on.
This just in…
This is the bold proclamation of canna-business foretold, fating it to expand this year. One37PM points out that already in 2018, legalized marijuana industries grew to $10.4 billion in 2018. They quote the senior economist and vice president at New Frontier Data, giving us the forecast of $16 billion for 2019, and go on to single out a few companies whose prospects look particularly bright.
Cannabis stocks to keep an eye on:
Canopy Growth (CG) – First cannabis company to trade publicly.
Curaleaf Holdings Inc. – Recently acquired Select brand from Cura Partners, GR Companies Inc., and over a hundred dispensaries, cultivation sites, and processing facilities.
Cresco Labs – Holds one of the largest footprints in the industry at 23 production facilities, 56 retail licenses and 22 owned dispensaries operational throughout 11 states.
Aurora – Canadian company forging a European partnership. Currently getting a lot of buzz among investors.
MedMen – Operates 37 cannabis retail stores, with a 7% market share in California. One37PM deems them “the Starbucks of cannabis” – you read it here first!
We all know of the many medical benefits touted in cannabis extracts. But there could be much more, because legalizing cannabis in the US and abroad opens the door to much more research. GreenFund liststhree cannabis biotech stocks to keep on the radar.
Those companies are:
Botanix Pharma – Australian medical dermatology company, seeking to treat a range of skin conditions such as acne and dermatitis.
MGC Pharma – Developers of CannEpil, a cannabis-based medicine designed to regulate patients with epilepsy.
Impression Healthcare – Traditionally in the oral medicine niche, such as seeking to to address Obstructive Sleep Apnoea.
It’s odd how Canada goes about things sometimes. It turns out that instead of legalizing all cannabis use in one fell swoop, they only legalized dried cannabis flower, oils, and sprays last year. New legislation set to be passed in Canada will also allow cannabinoid-based edibles, beverages, topicals, and concentrates. Cannabis Investing News says this could result in a stock surge for Canadian cannabis investments.
This second stage of cannabis legalization, frequently called “cannabis 2.0,” will open the way to vape pens, edible gummies, and other goodies we’ve been taking for granted around here. The CEO of Auxley cannabis group mentions they’ve been preparing to adapt to this new market for over a year now. The new legalization will also make new brand partnerships possible in Canada. New edibles are expected to add $2.7 billion CD to Canada’s cannabis market.
While we’re on the subject of cannabis edibles, Newsweek has an interesting article about how the THC content of cannabis edibles, when they also contain chocolate, are difficult to assess accurately. A new study found the presence of chocolate when combined with marijuana hinder results of potency testing. Which means you can get more stoned off a pot brownie than you originally thought. Keep that in mind, Canadians! We’ll take any reason to post about pot brownies though.
Til next time, fans, stay lit!
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