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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.
What s Up With the SPAC Silver Spike Acquisition? WM Holdings, a cloud software provider for the cannabis industry, will soon be coming public by a reverse merger with SSPK. Stocks quotes in this article: SSPK
For his second Executive Decision segment of
Mad Money Thursday evening, Jim Cramer spoke for the first time with Chris Beals, CEO of WM Holdings, the cloud software provider for the cannabis industry. WM Holdings will soon be coming public by a reverse merger with Silver Spike Acquisition (SSPK) , a special purpose acquisition company.
Beals explained that WM Holdings is a marketplace for cannabis goods. The company boasts 10 million monthly active users and providers retailers with a host of services.
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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.
This Hypergrowth Tech Company is Becoming the Google of Marijuana InvestorPlace 12/18/2020
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utter disappointment for years.
Since October 2018, Canada has largely botched is “nationwide legal weed” experiment. Most sales have remained in the black market. Meanwhile, U.S. cannabis legalization efforts were put on hold throughout most of 2019 and 2020.
Pot stocks – which soared into the Canadian legalization catalyst in late 2018 – have since plunged, with the
ETFMG Alternative Harvest ETF (NYSEARCA:
MJ) falling as much as 80% from late 2018 to early 2020.
But the tide is finally starting to turn for this “disappointing” industry…
In 2020, Canada has significantly eased cannabis market restrictions, dropped legal pot prices, and introduced new derivative products into the market – the sum of which is finally