Cannabis Companies that Could Present Endless Opportunities for Investors
(4 months ago)
LAS VEGAS: Marijuana is fueling an industry that is expected to reach almost USD 23 billion by 2021. The market for legal weed in the United States is continuously growing as nine states and D.C. already allow recreational marijuana use.
With the belief that cannabis will be recreationally legal in every one of the 50 U.S. states sometime in the near future, there is excitement in research and development for new consumer products. There has been further proof through the Canadian market that there has been continuous need for cannabis products. Included in today's commentary: NightFood Holdings, Inc. (OTC: NGTF), GW Pharmaceuticals plc (NASDAQ: GWPH), INSYS Therapeutics, Inc. (NASDAQ: INSY), Terra Tech Corp. (OTC: TRTC), and General Cannabis Corp. (OTC: CANN).
Canada has been one step ahead of the U.S. as it became the first country in the world to legalize the use of medical marijuana. One Canadian company has announced it has created the first marijuana-infused beer. Canada's Province Brands (PB) has filed the provisional patent for the world's first beers brewed from the cannabis plant.
Canada is now on the verge of legalizing marijuana infused food and beverages which is expected in 2019. Companies like PB are working toward creating products in lieu of future legislation in their own country. PB is describing its marijuana infused beer as an alcohol-free, yet highly intoxicating beverage. They claim the products are low in calories, low in sugar, and gluten free.
As legalization expands across North America, the market is wide open in both Canada and the U.S. Cannabis-infused products will continue to pop up as legalization changes across both countries. The process in which each country is legalizing the plant while create diverse opportunities to invest.
As stocks soar, you may think the large caps are leading the way. Check out these diverse companies in the marijuana game and their performance: NightFood Holdings, Inc. (OTC: NGTF), GW Pharmaceuticals plc (NASDAQ: GWPH), INSYS Therapeutics, Inc. (NASDAQ: INSY), Terra Tech Corp. (OTCQX: TRTC), and General Cannabis Corp. (OTCQB: CANN).