Is now the time to invest in medical marijuana?
Marijuana legalization provides a tempting opportunity for investors
Sean Mason, senior editor with Small Cap Power, says long term, the future is bright for bigger companies
CBC News Posted: Jun 16, 2017
Marijuana legalization provides a tempting opportunity for investors, but one expert says it comes with a lot of risk. Marijuana legalization provides a tempting opportunity for investors, but one expert says it comes with a lot of risk.
Pot stocks sell off in wake of release of federal legislation A new way to bet on legal marijuana hits the TSX Shares of Canadian pot companies head higher An air of optimism is brewing around Canada's fledgling cannabis sector.
Marijuana set to explode into billion-dollar industry.
MARCH 4, 2016 Dana McCauley @Dana_Adele
AUSTRALIA is about to see an explosion of capital investment in a product that, up until recently, has been the domain of the criminal underworld.
After years of lobbying by doctors, cancer patients and parents of sick children, medical cannabis has finally been legalised. And with the ink still drying on the Federal Government’s laws, key players are ready to pounce on what is tipped to become a billion-dollar industry (once state laws catch up, and a national regulator is established).
But for Australians already buying cannabis under murky legal conditions, the impact of the new legal industry remains uncertain. Canadian company Tilray is about to embark on the world’s biggest clinical trial of marijuana’s impact on chemotherapy patients in partnership with the NSW Government and the University of Sydney.
Marijuana Sales Totaled $6.7 Billion In 2016
Jan 3, 2017, 09:00am
North American marijuana sales grew by an unprecedented 30% in 2016 to $6.7 billion as the legal market expands in the U.S. and Canada, according to a new report by Arcview Market Research.
A customer buys a marijuana joint at a dispensary in Eugene, Oregon on March 22, 2016. (ANDREW CABALLERO-REYNOLDS/AFP/Getty Images)
North American sales are projected to top $20.2 billion by 2021 assuming a compound annual growth rate of 25%. The report includes Canada for the first time as it moves towards implementing legal adult use marijuana.
To put this in perspective, this industry growth is larger and faster than even the dot-com era. During that time, GDP grew at a blistering pace of 22%. Thirty percent is an astounding number especially when you consider that the industry is in early stages. Read More