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Cabot SX Cannabis Advisor cabotwealth.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cabotwealth.com Daily Mail and Mail on Sunday newspapers.
The ETFMG Alternative Harvest ETF gains ground despite US cannabis legislation cmcmarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cmcmarkets.com Daily Mail and Mail on Sunday newspapers.
transferring the already enormous demand for weed from the black market to the legal market. How do you do that? Favorable legal action. And that’s exactly what you’re getting these days. In 2020, Canada – one of the pioneers for federal cannabis legalization – significantly eased cannabis market restrictions and created a better legal framework that is pulling demand from the black market into the legal channel. These key changes include: Pivoting from a “lottery system” for retail store openings to an “open licensing” model, which has removed a hard-cap on the number of cannabis stores allowed to operate in certain provinces and caused a surge in legal pot distribution. ....
Source: Shutterstock First on this list of cannabis stocks to buy, we have the industry’s largest company, Canopy Growth. There are many reasons to like Canopy Growth long term. Most of them boil down to one thing: Canopy Growth has $2.4 billion on the balance sheet, which is an order of magnitude more cash than pretty much every other cannabis company out there. Why is that so important? Because in early-stage, emerging industries on the cusp of entering their hypergrowth phase, more money is everything. More money enables Canopy to build bigger growing facilities, create more products, expand geographically, and acquire strategic assets. These moves lay the foundation for Canopy to gain more high-value exposure to the cannabis megatrend than anyone else, and establish early leadership. That early leadership will give Canopy a significant “leg up” when it comes to dominating the cannabis industry as the market matures. ....