Israel Legalizes Medical Cannabis Exports

Israel just took a major step toward becoming a global leader in the high-growth medical cannabis market.

Israel just became the fifth country in the world to legalize medical cannabis exports after its cabinet voted to approve a sweeping new cannabis law.

Here are some more details from Reuters.

The bill, backed last month by parliament, allows companies approved by the health regulator and police to export medical cannabis to countries that permit its use. Israeli media said exports could start in as little as nine months.

“I am glad this is finally happening. It opens a very big market in Israel. The technology is here in Israel and until now we simply had to give the technology to other countries. Therefore, I am glad we can reap the profits here in Israel,” said Justice Minister Ayelet Shaked.

Some lawmakers had tried to block the legislation, fearing more cultivation could push more drugs onto the streets at home.

Israeli companies – benefiting from a favorable climate and expertise in medical and agricultural technologies – are among the world’s biggest producers of medical cannabis.

Israeli Cabinet Approves Law To Allow Medical Cannabis Exports

This legislative move places Israel into a very small group of countries in the world, and the export news comes at the perfect time. The global cannabis market is expected to explode in the next few years. Continue reading "Israel Legalizes Medical Cannabis Exports"

Edibles Leader Begins Trading In Canada

The edibles market has quickly evolved into one of the fastest growing cannabis subsectors.

With Canada set to legalize edibles this year and more US states legalization medical and recreational cannabis, annual sales of edibles in the US and Canada could hit $4.1 billion by 2022.

While Dixie Brands (DIXI, DXBRF) is still my favorite edibles company right now, I see another promising cannabis company that is already cashing in on the edibles trend.

Slang Worldwide Inc. (SLNG) is headquartered in Denver, Colorado and is an early leader in the high-growth, US edibles market.

This company…

  • is one of the largest edibles companies in the US.
  • owns some of the most popular edibles brands in the industry.
  • is seeing sharp growth in sales.
  • just went public on the Canadian Securities Exchange.
  • Slang is already an established leader in the US cannabis industry with a market cap of approximately $600 million. That makes this one of the largest cannabis companies and cannabis IPOs we have seen in the last six months.

Slang operates in ten US states, including high-growth states such as Colorado, Nevada, and California, and plans to be in ten more states by the end of the year. Its products are sold in more than 2,600 stores and across five continents. Continue reading "Edibles Leader Begins Trading In Canada"

The #1 Stock To Invest In Cannabis Edibles

Cannabis edibles are expected to be one of the fastest growing cannabis subsectors in the next four years.

According to a recent report by leading cannabis research firm Arcview Market Research, spending on edibles in the US topped $1 billion in 2018.

With Canada set to legalize edibles this year and more US states legalizing medical and recreational cannabis, the cannabis edibles market is set to explode in the next four years. Arcview estimates annual sales of edibles in the US and Canada could hit $4.1 billion by 2022.

Arcview CEO’s, Troy Dayton, said, “Established big-brand food and beverage companies are beginning to take notice of the cannabis edibles market and this is likely just the tip of the iceberg. As the edibles business grows and regulatory fears ease, the pace of intra-industry mergers and outside acquisitions will increase as well.”

It is obvious that this market is set to explode higher in the next few years. This is creating another great investment opportunity.

Cannabis Edibles

Today, I am going to reveal a promising young, US cannabis company that is in position to capitalize on the pending boom. Continue reading "The #1 Stock To Invest In Cannabis Edibles"

The #1 Stock For The US Hemp Boom

Canopy Growth Corp (CGC, WEED), the largest cannabis company, just made history in the US cannabis industry.

Canopy just became the first cannabis company ever to receive a permit from the state of New York to grow hemp.

This is a big win for Canopy and a shot in the arm for the US hemp industry. The new license gives Canopy a valuable first-mover advantage in the high-growth US hemp market. That should help Canopy build on its early industry leadership in the global cannabis market.

I’m also impressed by how quickly this deal happened. The Farm Bill passed less than a month ago and the state of New York has already issued its first hemp permit. This is an important indicator. It tells me the US hemp market is about to be unleashed with states such as New York ready to open the door.

The good news gave Canopy a boost on the chart – shares jumped 11% on the day and are now up 58% in the last three weeks. Continue reading "The #1 Stock For The US Hemp Boom"

New York Wants To Legalize Cannabis in 2019

New York is on the fast track to becoming the second largest recreational cannabis market in the United States. Today I am going to reveal two promising young cannabis companies operating in New York that are in position to benefit.

New York governor Andrew Cuomo revealed some big news in late December when he announced that legalizing recreational cannabis would be one of his top priorities in 2019.

Here are some more details from the New York Times.

Gov. Andrew M. Cuomo announced that he would push to legalize recreational marijuana next year, a move that could generate more than $1.7 billion in sales annually and put New York in line with several neighboring states. The highly anticipated proposal came in a speech in Manhattan on Monday, in which the governor outlined his agenda for the first 100 days of his third term.

This is big news for the US cannabis industry. If New York achieves its goal – that’s what I expect – it would almost instantly make the state one of the largest cannabis markets in the country.

The New York comptroller released a study in May that predicted New York cannabis market would grow into a $3.1 billion annual industry.

This is creating another great investment opportunity. With billions set to flow through New York’s cannabis market every year, cannabis companies are scrambling to cash in. Continue reading "New York Wants To Legalize Cannabis in 2019"