Sunday, 22 September 2019

Marijuana in Canada

Now that marijuana is legal in Canada, sales have increased. Take a look at these interesting statistics charts. Cannabis was banned in Canada from 1923. Now Cannabis in Canada is legal for both recreational and medicinal purposes. Medicinal use was legalized on 30 July 2001. The federal Cannabis Act came into effect on 17 October 2018 and made Canada the second country in the world, after Uruguay, to formally legalize it. Canada is the first G7 and G20 nation to do so.

 
 

Here is a list of 10 Canadian Marijuana Stocks that would be good for your Portfolio:
1. Canopy Growth Corp. - Market Cap: $12.4 billion
2. Aurora Cannabis - Market Cap: $10.61 billion
3. Aphria Inc. - Market Cap: $3.64 billion
4. The Cronos Group - Market Cap: $1.37 billion
5. The Hexo Corperation - Market Cap: $1.266 billion
6. CannTrust Holdings Inc. - Market Cap: $1.10 billion
7. Namaste Technologies Inc. - Market Cap: $547.42
8. OrganiGram Holdings - Market Cap: $759.73 million
9. Emerald Health Therapeutics - Market Cap: $513.91 million
10. The Supreme Cannabis Company Inc. - Market Cap: $445.50 million

7 comments:

  1. Marijuana is the most widely used drug in Canada. And while prescription abuse is a growing epidemic, recent studies and Health Canada ACMPR indicate that it's decreasing while marijuana use is increasing.

    ReplyDelete
    Replies
    1. Studies have shown that about 20% of people have used prescription drugs for nonmedical reasons in their lifetime. Good to know if prescription abuse decreases. The fact that marijuana becomes legal for sure increases use a lot.

      Delete
  2. Of course, the Market Cap figures have changed a lot in the past few months. Canopy Growth fell from CAD$65/share few months ago to about CAD$20/share on Nov. 15, 2019. See here: Canopy Growth Corp Stock Will Probably Continue to Decline

    A lot of these stocks are not doing very well.

    ReplyDelete
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