Increased mergers and acquisitions among the Canadian cannabis market ahead of weed going legal next month. Motley Fool Canada Investor Analyst David Kretzmann explains the market activity and his outlook for this budding industry.
As of September 2018, marijuana use is legal in some capacity in 29 states. This has opened the door for thousands of new enterprises in this industry, from dispensaries to manufacturers of marijuana production equipment to business and legal consultants with an expertise in this field. So, there are lots of companies to invest in.
Recent years have brought an array of cannabis gatherings to Canada, led by the annual cavalcade of the Lift Expo, O’Cannabiz, and Grow Up cannabis conferences.
But this past week brought a new conference to our country, helmed by the US-based trade journal Marijuana Business Daily, which brought its successful US-based MJBizCon event series to Toronto for its inaugural international foray.
MariMed focuses primarily on three aspects of the marijuana market. The company develops and operates medical cannabis production facilities that it leases to customers. MariMed provides professional consulting services to help businesses obtain state licenses to operate in the cannabis market. It also distributes its own lineup of cannabis products.
When we look back, 2018 may be known as the year that marijuana legalization won.
The North American Marijuana Index rose on Monday as pot stocks gained despite further delays to Canada’s marijuana legalization efforts. Though minor, 34 amendments were proposed to the final bill, which is expected to pass the Senate on Thursday. Following that, the bill will head back to the lower chamber, where members of the House will consider the changes.