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

17 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
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    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.

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  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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    1. Thanks for liking the article. Various different products certainly contain CBD. Hemp-derived CBD products with less than 0.3% THC are usually legal federally but still illegal under some state laws. Cannabis-derived CBD products, on the other hand, are illegal federally but legal under some certain state laws. Check the updates for the current laws, whether for USA or Canada or other countries.

      Delete
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    ReplyDelete
    Replies
    1. It is great that the informative posts are helping users.

      Some might have thought about: Edibles vs. Smoking.

      Edibles will usually get you just as high as smoking weed, or more. However, it takes a longer time to start feeling it (when eating it).

      Weed edibles seem pretty expensive in Canada, these days. One of the drinks costs $15 and a chocolate bar is as much as $12 (with kind of a relatively low dose of THC). Good luck, weed users.

      Delete
  5. This comment has been removed by the author.

    ReplyDelete
  6. The dispensary or a marijuana delivery service will then complete the weed delivery at an agreed upon time and date. buy fiesta weed killer Canada

    ReplyDelete
    Replies
    1. Some weed delivery services offer pretty fast service. They are kind of fast like food delivery would be.

      Legal cannabis could be delivered to your home in as little as 30 minutes. To try make it better for yourself: simple, safe, and secure to purchase legal weed online successfully.

      Delete
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      Delete
  8. The Cannabis Industry Outlook for 2021 looks promising. The cannabis industry had a strong year with the USA markets significantly outperforming Canadian markets.

    The cannabis sector just finished a strong 2020. It seems that the USA market really is soaring. However, many Canadian stocks struggle. In trying to predict 2021, struggling weed companies will certainly look hard for ways to make a profit.

    When will the United States legalize recreational cannabis? We will see what happens.

    Keep an eye on cannabis stocks on the TSX.

    Canopy Growth (TSX:WEED)(NASDAQ:CGC) is the largest cannabis stock on the TSX by market cap. Shares of Canopy Growth have climbed much in 2021 (check the updated stock numbers). These days, this cannabis stock is up almost 100% in the year-over-year period.

    ReplyDelete
  9. Indoor marijuana growing may not be easy, but it is definitely rewarding. It can also be a lot of work and is something that takes a lifetime to master due to all of the subtleties. How to grow medical cannabis

    ReplyDelete
    Replies
    1. Cannabis relieves pain for medical use. Thanks for growth information.

      Botany is interesting about Cannabis. Cannabis belongs to the genus Cannabis in the family Cannabaceae may include 3 species, Cannabis indica, Cannabis sativa, and Cannabis ruderalis, (APG II system) or 1 variable species. It is typically a dioecious (each individual is either male or female) annual plant.

      C. sativa and C. indica generally grow tall, with some varieties reaching 4 metres, or 13 feet. Female plants produce tetrahydrocannabinol (THC) (up to 31% by weight) as the season changes from summer to autumn. C. ruderalis is very short, produces only trace amounts of THC, but is very rich in cannabidiol (CBD), which may be 40% of the cannabinoids in a plant and is an antagonist to THC, and it flowers independently of the photoperiod and according to age. However, commercial cross-bred hybrids containing both ruderalis, indica and/or sativa genes exist (usually called autoflowering).

      Cultivation requirements are interesting. Cannabis really needs certain conditions to flourish.

      Delete