Anyone who resists the increase of legal cannabis is one of the dumbest on Wall Street – tech2.org

Anyone who resists the increase of legal cannabis is one of the dumbest on Wall Street



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It is not necessary to be a drug addict to realize that legal cannabis is a mature for-profit industry. As more and more states and countries mobilize to legalize certain uses of cannabis, investors who do not put on their hats could end up being the dumbest of Wall Street.

The process of legalization of marijuana use in the US UU accelerated the pace. At the last count, 23 states and the District of Columbia pbaded laws that allow some degree of legal use of marijuana. Worldwide, at least 25 countries allow the use of marijuana in varying degrees of legality.

The use of marijuana has also become more accepted by the public. More than 52% of Americans believe it should be legal for medical or recreational use, according to the Pew Research Center.

The increase of legal weeds can be an intelligent investment opportunity, but very risky, for more than just agricultural players.

Take Neptune Technologies & Bioresources Inc. (NEPT), for example.

The small -cap company was once the most important player in the extraction and production of krill oil for health supplements such as omega-three pills. But at a presentation by investors in New York this week, Neptune described his plan to use his patented technology that once led the market for extracting krill oil to extract cannabis oil for legal use.

The executives of the company made it clear that they will not be in the business of growing cannabis, and instead keep their feet planted firmly at the end of the value chain as a processor and distributor.

Neptune is also laying the groundwork for being a key cannabis oil processor in Canada, where the substance will soon be federally legal. The planned pivot of the company to the grbad has sent its stocks to a dizzying 80% in three months.

And Neptune is not alone in its new momentum in the legal marijuana space.

  How to benefit in the increase of legal marijuana.
How to benefit from increasing the legal weed.

Constellation Brands (STZ), owner of the alcohol brands Corona, Modelo Especial and Svedka Vodka, announced in late October that it had agreed to acquire a minority share of 9.9% valued at close to $ 200 million in Canopy Growth Corp. The Ontario, Canada-based company, which has a market capital of more than $ 3 billion, is a supplier of medicinal cannabis products.

"Canopy Growth has an experienced leadership team that understands the legal, regulatory and economic landscape for an emerging market that is predicted to become a significant consumer category in the future," said Constellation Brands CEO Rob Sands .

Although Constellation said it would not sell cannabis products in the US UU Until the substance is legally permissible at all levels, it was the first indication that even large corporations predict growth in the marijuana industry.

And this week, it's not just investors who hate weeds who are stupid. They are the politicians in Washington too.

Canada may be the first G7 nation to legalize the use of cannabis products at the federal level. The country's Cannabis Law was introduced in the Canadian Senate earlier this week. Experts believe that the bill will pbad in mid-2018. If the green light goes out, it will open the door for Canada to collect billions of dollars from recreational marijuana use.

Meanwhile, EE. UU It is not planting its flag in the field of legal cannabis trade by stopping in wider legalization. In addition to the inflow of taxes on the sanctioned use of cannabis, the legalization of marijuana would be a smart economic move for the United States. Imagine a new small business in the future selling marijuana products: you would need to hire people to serve customers.

So, unless Wall Street and Washington want to miss a great opportunity, it's time to accept that the legal use of marijuana makes sense. If you do not agree, you could be among the stupidest of Wall Street.

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