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Cannabis Legalization

Marijuana Stocks – What to Know When Investing In Cannabis Industry

Jordan Webber

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Marijuana Stocks, Cannabis Industry

As the decade starts, you might be keen on finding ways on how to better handle your finances and even grow your money. Financial advisers and even industry experts would say that one of the best ways to do this is by investing in marijuana stocks. This is where cannabis products and CBD products come in.

If you have been keeping your eyes peeled on the news, you might have seen marijuana stocks on the rise. Not to mention, the industry is undoubtedly growing at a slow and steady pace that’s been predicted to keep rising in the next few years.

Whether you are an avid enthusiast of the old green herb or simply an individual who is eager to take charge of his future, there’s no denying that the money is on cannabis.

Because of the steady climb and the momentum MJ has been getting, investing in some of the hottest companies and stocks are ideal. While it is indeed quite a challenge to part with your hard-earned money, there is no time like the present to strike while the iron is hot.

Why Invest in CBD Products

Before you jump in headfirst, it is always best to know what makes your chosen industry stand out from the crowd. In this case, we are talking about marijuana.

Alongside the recent waves of legalization hitting different parts of the United States of America as well as other countries, it seems that the new year has only brought prosperity in the region. More than providing a sense of hope after a nine-month downfall, marijuana stocks are once again seeing a rise in demand not just within different states in the country, but also in other parts of the globe.

The popularity of these can be chalked up to the public support rallying for marijuana legalization in the country. According to the Pew Research Center, 59 percent of adults in the United States say cannabis should be legal on both the recreational and medical level. With more people showing support and interest for the businesses, one can certainly expect returns in investment in the near future.

In addition to the growing support from different sectors of society, there are now more avenues and dispensaries where MJ goods and CBD oil products are now sold. From online websites to brick and mortar stores, it appears that one of the key factors why cannabis is getting more attention these days is its accessibility. After all, in a day and age where buyers are all about buying bang for buck deals, they can find establishments and licensed producers to give the down-low on what they intend to purchase.

Above all, more brands and products are joining the market. Together with the rise of new businesses and the strengthening of old ones, the novelty of new products seems to pique everyone’s interest.

Different Types of Cannabis Products

Prior to investing in the stock market, it is essential to have a deeper understanding of the different cannabis products at play in the market today. This allows potential investors like you to determine which route seems the best for you and what falls in line with your interest.

Edibles, marijuana, skincare vapes, concentrate– you might be asking, “what categories do these fall into?” On the one hand, there is medical marijuana. This category focuses on providing pain relief and pain management, as well as administering treatment to patients whose medical conditions can greatly be managed with marijuana. Among the products on the market, the most popular modes are tetrahydrocannabinol or THC, which contains the psychoactive compound, and cannabidiol or CBD, the non-psychoactive counterpart.

Recreational marijuana, on the other hand, focuses mainly on providing the public with access to products that are geared towards their enjoyment and relaxation. This mainly involves using THC-based goods. However, CBD oil items still remain highly in demand because of its versatility and potency – such as those found in skincare, edibles, and the like.

Marijuana Stocks Making Waves

Now that you are aware of the types of goods available on the market, it is high time that you learn more about the different players and companies in the field. Take a look.

  • Ancillary Product and Service Providers

These players are responsible for providing products and services that allow MJ-related businesses need. These include lighting systems and another equipment one may need to grow marijuana in the best conditions, and sometimes that includes fertilizer. These industry specialists are also regarded for their consulting and management services.

  • Biotech Firms

Drugs and medicine are undoubtedly one of the biggest players in the field because it caters to a wide range of patients with varying conditions. This is a primary reason why numerous biotech companies dedicate their operation and their resources towards developing and manufacturing cannabis-based drugs for its customers.

In short, biotech firms are in charge of creating medicines or treatments. These are usually aimed towards reducing and alleviating pain, reducing inflammation, relaxing muscles, stimulating appetite, and battling cancer cells.

One of the success stories is the rise of Epidiolex. Finally, approved in the United Kingdom by the Food and Drug Administration (FDA), the drug is now able to cater to Dravet Syndrome and LGS, two kinds of rare epilepsy found in children. GW Pharmaceuticals, with its Sativex brand targeting multiple sclerosis, also took 19 years in the making prior to making an outbreak in the sector.

  • Cannabis Exchange-Traded Funds (ETFs)

An ETF is responsible for providing investors with the chance to lower the risk of their investment. Rather than putting your money all in one place, an ETF provides individuals with investments in different fields within the industry. Apart from those found in this list, many ETFs are delving into partnerships and acquisitions of cannabis research facilities.

  • Growers, Producers, and Manufacturers of CBD Products and Cannabis

Cannabis items and CBD oil goods remain at the core of this thriving industry. This sector is mainly responsible for planting and growing marijuana as well as selling marijuana-based products in licensed establishments and dispensaries.

CBD firms, on the other hand, are focused on using the non-psychoactive component of the hemp plant and using it for other benefits such as pain relief, inflammation control, and the like.

What to be Mindful of When Investing in Cannabis Stocks and Products

  • Legalization Woes

Although the United States has taken steps to legalize both medical and recreational cannabis in the country, legalization on a federal level is something investors have to contend with. As such, companies that dabble in this business would have to result to use over-the-counter trading and buying as well as listing shares on the neighboring Canadian stock market.

Because cannabis remains to be illegal on the federal level, many financial institutions such as banks hesitate to work with MJ-related businesses. Moreover, related transactions are also not being services by these companies. With this, many businesses and consumers will need to keep on using cash instead of other more convenient options such as credit cards and online payment methods.

  • Infancy Stages

Since the marijuana industry and its foray into the legal scene is still in its infancy stages, you will need to give it time. More importantly, investors need to lend their patience, especially as the market is still coming back from its continuous decline in the past.

You also need to remember that scientists are still studying the plant, leading to the discovery and research of new cannabinoids. Moreover, the United States still considers the plant as a Schedule I drug, which hinders larger researches on the federal level. This means that there is more to learn and research about cannabis.

While this can be a good thing, the length and speed of research on newly discovered cannabinoids can lead to slow developments. Basically, current knowledge and trending products about marijuana will remain to be the mainstream knowledge until future significant discoveries occur.

  • The Law of Supply and Demand

The United States is not the only country to produce and sell marijuana on the market. In fact, there are countries that have fully legalized the plant. Countries such as Uruguay and Canada allow their residents to consume recreational marijuana, given that the companies and consumers abide by regulations. Because of this, companies have more freedom when it comes to growing, producing and distributing the plant and infused products.

Now, when it comes to supply and demand, the number of companies that venture into this business is rapidly growing. This includes big, international businesses that operate in the US and abroad, as well as local business owners. With the entry of big and small businesses, you can expect that the market will be saturated with products.

Conclusion

The cannabis market and industry continues to grow, especially with the optimistic mainstream perception of the plant. This is why now is a great time to invest in marijuana stocks and businesses. Just keep in mind that there are regulations you should consider and that legislation can change depending on your location.

Cannabis Legalization

Hobo Cannabis Wants Delivery Service to be Legal in BC

Carissa Stevens

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Cannabis store chain Hobo Cannabis is urging legislators to make delivery service legal in British Columbia, said CBC. This call is a step toward stopping illegal dealing in the province. The licensed dispensary, along with other certified vendors, argued that they are “at a disadvantage against unlicensed competitors who deliver weed.” The report emphasized that BC does not have cannabis laws allowing the delivery of cannabis products.

This issue has been a concern for many licensed vendors for a long time, said Harrison Stoker, vice president of Donnelly Group, the company that owns Hobo Cannabis. However, the illicit delivery of cannabis products has become more rampant over the past few months because of the virus pandemic, as customers choose to get their products delivered to protect themselves from the public health risk.

According to Stoker, “The illicit market [in BC] is very intelligent, very strategic and very mature in their business models.” He also said that the pandemic was a prime time for the illegitimate industry. Stoker asserts that legalizing delivery services can help them compete with such illegal sellers. It could also help fight the black market.

The CBC report noted that consumers can have their products legally delivered through mail by going through the government-operated BC Cannabis Store. However, packages take a few days before they arrive, as opposed to delivery options that could be same-day.

The article also cited Weedmaps, a cannabis-focused website, which offers a list of delivery services in the Lower Mainland. It even guarantees quick delivery, usually within one hour. Stoker argues that modern times call for a more updated approach as “people expect these kinds of modern retail features.”

By allowing licensed stores to deliver, customers do not have to opt for black market products. Instead, they can choose among authorized products just like what happens in Saskatchewan, Manitoba and Ontario, where delivery is legal.

Meanwhile, the province’s Ministry of Public Safety said that it is now evaluating the possibility of legalizing deliveries. It has also been taking steps to crack down on the illicit industry, despite facing significant challenges because many of them operate online. The Ministry is in charge of the legal cannabis program in the province.

Mark Haden from the UBC School of Population and Public Health with experience in writing about drug regulation said that legalizing deliveries is a great short-term move. The better action in the long-run is to “bring the illegal sector into line with the law.”

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Cannabis Legalization

Louisiana to Provide Wider Access to MMJ Via New Law

Stacey Wellington

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mmj expansion bill

Louisiana Governor John Bel Edwards officially signed the expansion of the state’s therapeutic cannabis program into law last week. Edwards announced his action Monday evening, June 15, 2020. Under this, the in-state medical marijuana program will recognize an array of maladies and conditions beyond the initial set list approved by the legislature.

Slated to take effect by August 1, 2020, the new law would reportedly allow doctors to recommend medical marijuana-based treatment for any condition they see fit. Likewise, this would also take away the previous restrictions on cases which doctors can recommend this treatment.

The MMJ expansion bill was introduced and sponsored by Representative Larry Bagley. According to Marijuana Moment, Bagley initially only included traumatic brain injuries, as well as concussions, as part of the list. The bill, however, was amended to include what a doctor “considers debilitating to an individual patient.”

Moreover, ABC News reports that doctors will no longer have to sign up and register for a license to authorize or recommend cannabis treatment from the Louisiana State Board of Medical Examiners.

Prior to this amendment, only licensed cannabis specialists are allowed to provide cannabis-based recommendations to their patients based on the 16 serious health conditions found under the legislature-approved list, reports Fox 8.

Despite these changes, Fox 8 states that physicians are still required to uphold the state reporting requirements that seek to support the Louisiana State University (LSU) and Southern University in its respective research efforts. Both universities are the only two institutions that are recognized and authorized to grow cannabis within the state.

mmj bill

Apart from signing the bill into law, Governor Edwards also signed another legislation that protects banks and credit unions catering to cannabis businesses from being penalized by state regulators, reports Marijuana Moment.

The Louisiana governor has also signed another bill that extends legal protection to medical professionals and doctors, as well as medical facilities, who opt for a medical marijuana-based treatment program and who have respective cannabis patients under their care and jurisdiction, notes Marijuana Moment.

The approval and signing of the aforementioned bills come after lawmakers brought the cannabis bills to Edwards’ office earlier this June. A hemp and CBD regulation proposal has yet to be approved or acted upon accordingly by the state governor.

In an interview with Fox 8, war veteran and medical cannabis user Gary Hess said that the recent legislation in Louisiana may serve as a model for nationwide implementation. However, Hess believes that this is only possible if stakeholders truly express vigilance and care for their patients, and if the state addresses the stigma surrounding the plant.

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Cannabis Legalization

IL Delays Issuing of Licenses for Minority Business Owners

Stacey Wellington

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Illinois has moved its schedule for giving cannabis licenses to minorities, said Block Club Chicago. Aspiring business owners who are entrepreneurs were meant to receive their licenses by the start of May but may now have to wait for a few months. At the very least, applicants can expect their licenses over the next months.

The state government announced that it will be giving 75 dispensary licenses, which were supposed to be given on May 1. However, governor JB Pritzker approved an executive order toward the end of April delaying the issuing of such permits to successful applicants. The indefinite suspension of this decision is due to the virus pandemic, as well as persistent glitches in the system used to process applications.

All 75 permits, which were intended for minority applicants, were scheduled for issuance on May 1, at the same time. Because of the executive order, some could be given theirs next month. Meanwhile, others could wait until August this year before they can be awarded their authorizations.

In explaining the need for the delay, former state senator and head of the state’s cannabis program Toi Hutchinson, said that it is needed in order to guarantee that there will be no error in the issuance of permits. It is also designed to avoid potential lawsuits from unsuccessful applicants.

Hutchinson recognized the effects of this order to those anticipating their licenses. He expressed his concern to individuals waiting for the decision, which could be having a hard time weathering the situation.

As mentioned, the 75 permits were intended to boost the number of minority-owned businesses. Currently, the state’s cannabis industry is dominated by white men and this measure sought to prioritize “social equity applicants.”

Block Club Chicago explained that interested parties can qualify as social equity applicants by ensuring that “at least 51% of an ownership group applying for a state license [lives] in an area most impacted by the war on drugs.” The same percentage should also have “been arrested or had a family member arrested for a cannabis-related offense.” The company should have over 10 full-time employees, with at least 51% of them qualifying for social equity status.

The delay also gave way to more issues regarding scoring. Applicants need to get a specific number of points to be considered successful. Those who get the same number of points are under tie-breaking rules, which expired on June 6. Because of the delay, it is unclear whether the permits will still be granted to those who won through the tie-breaking rules.

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