Emerald Health Therapeutics and DMG Blockchain Solutions Establish LOI to Create Cannabis Supply Chain Management System and E-Commerce Platform Joint venture Cannachain Technologies would leverage blockchain technology designed to achieve unprecedented seed-to-sale provenance, safety and efficiency for the legal cannabis industry VICTORIA, British Columbia, Jan. 26, 2018 (GLOBE NEWSWIRE) — Emerald Health Therapeutics, Inc. (TSXV:EMH) […]
THE BUZ ON CANNABIS STOCK
Cannabis Stock Pure play marijuana stocks are scarce. Most companies in the marijuana industry trade over the counter (OTC), where solid information regarding operations and financials is difficult to retrieve. Exceptions extend to issues such as GW Pharmaceuticals plc (NASDAQ: GWPH), a British biopharmaceutical company that developed two cannabis-based drugs licensed for use outside the United States. Sativex is used to treat muscular contractions in multiple sclerosis patients, and Epidiolex targets epileptic seizures in children. Both drugs have entered Phase 3 clinical stage trials in the United States. GWPH has a $2 billion market cap and had returned 23% year to date (YTD) as of Aug. 15, 2016.
Political and legal obstacles remain the highest hurdles for the marijuana industry in 2016. Four states, Oregon, Washington, Alaska and Colorado, have legalized recreational marijuana, and 25 states plus the District of Columbia have approved cannabis for medicinal purposes. The plant is categorized at the federal level as a Schedule 1 drug, possessing the highest risk for psychological and physical dependence, and more curiously, having no acceptable medical use.
Legalization Momentum BUZ ON CANNABIS STOCK
A February 2016 survey conducted by the Associated Press-NORC Center for Public Affairs Research revealed that 61% of Americans support marijuana legalization, up from 58% in October 2015. Four additional states, Arizona, California, Massachusetts and Nevada, vote on recreational legalization in November 2016. The Obama presidency has seen a 17% increase in legal cannabis supporters since 2008, and the next administration likely faces mounting pressure to initiate further federal reform.
U.S. cannabis issues face considerable headwinds, as the drug is still illegal at the national level. As such, marijuana growers, processors and dispensaries are subject to considerable taxation by state and federal agencies.
Among the 83 publicly traded stocks tracked by MarijuanaStocks.com, only three traded for more than $5 per share as of Aug. 3, 2016, with the vast majority positioned below $1. Investors willing to take a flyer on an upstart cannabis purveyor may bear the risk, but most discerning buyers avoid these issues.
Future Farm Signs Definitive Agreement to Acquire Blockchain Cryptocurrency Application for Cannabis Payment Platform Vancouver, British Columbia, Jan. 19, 2018 (GLOBE NEWSWIRE) — Future Farm Technologies Inc. (the “Company” or “Future Farm”) (CSE:FFT) (OTCQB:FFRMF) is pleased to announce it has entered into a definitive agreement with New England CCS to acquire a 51% stake in […]
CanaPass Blockchain System to expand into recreational cannabis retail outlets in Canada SAN ANTONIO, TX, Jan. 18, 2018 – CanaPass Blockchain System Alternate Health Corp (“Alternate Health” or the “Company”) (CSE:AHG) (OTCQB:AHGIF), an international corporation that provides software solutions for the medical cannabis industry, today announced that its CanaPass Blockchain Reporting System will launch in […]
Glance Announces Licencees Will Have the Right to Use Glance Cryptocurrency for Cannabis and Other Industries VANCOUVER, British Columbia, Jan. 18, 2018 (GLOBE NEWSWIRE) Glance Cryptocurrency — Glance Technologies Inc. (CSE:GET) / (OTCQB:GLNNF) / (FKT:GJT) announces that the 4 major technology licenses it has signed include the rights to offer Glance Coin as a set […]
iAnthus Capital Acquires Medical Cannabis Business of GrowHealthy Holdings, Marking Full-Scale Entry into Fast Growing Florida Market Company to Host a Conference Call at 4:20 PM ET on Wednesday January 17 to Discuss its Largest Transaction to Date NEW YORK, NY and TORONTO, ON – iAnthus Capital Holdings, Inc. (“iAnthus” or “the Company”), (CSE: IAN) […]