Florida's Largest Cannabis Player Set to Expand

Florida’s cannabis market is about to be unleashed and I think this early industry leader is ready to cash in on the booming trend.

Back in 2016, Florida created a law that restricted state cannabis companies to operating 25 dispensaries. That cap was designed to expand as the number of medical cannabis patients increased. Today, the cap stands at 35.

However, in a recent and major legal victory, this cap is about to be wiped out.

The largest cannabis company in Florida now plans to expand from 27 dispensaries to 49.

This sets the stage for this early industry leader, and Florida’s cannabis market to accelerate big time. That’s really saying something, because Florida is already one of the fastest-growing cannabis markets in the US, seeing huge gains in 2018. Continue reading "Florida's Largest Cannabis Player Set to Expand"

Top Stock To Capitalize On Connecticut's Move To Legalize

The US cannabis market just got another big boost from one of the largest, most populous states on the East Coast.

Connecticut just became the latest US state to make a big move towards legalizing recreational cannabis as state legislators advanced a critical bill.

Here are some more details from Marijuana Moment.

A key committee in the Connecticut legislature approved a bill to legalize marijuana on Monday.

The General Law Committee, which is one of two panels that heard testimony about legalization legislation last week, voted 10 to 8 to advance the bill.

Beyond legalizing cannabis for adult use, the legislation also includes a number of social equity provisions aimed at encouraging participation in the legal industry by individuals from communities that have been disproportionately impacted by the drug war. A governor-appointed commission would be charged with giving such individuals advance time to apply for a marijuana business license and promote diversity in hiring.

The vote was an important milestone that moves Connecticut much closer to legalizing recreational cannabis.

Connecticut is already home to a thriving medical cannabis market. Continue reading "Top Stock To Capitalize On Connecticut's Move To Legalize"

Colombian Cannabis Leader Up 90%

The South American cannabis industry is set to grow into one of the largest cannabis markets in the world in the next 10 years.

According to The LATAM Cannabis Report™ from well-respected market research firm Prohibition Partners, medical cannabis sales in Latin America will explode to $8.5 billion in the next ten years, up from just $125 million in 2018.

Additional key details from the report:

  • Medical cannabis will account for more than two-thirds of the legal cannabis industry in Latin America, worth an estimated $8.5 billion.
  • The cannabis sector is set to grow by over 300% per year over the coming decade.
  • There are over 40 licensed producers in the region. Colombia has issued the most cultivation licenses in the region, with over 142 licenses to date.
  • Facility and construction costs are 80% lower than in North America and Europe.
  • Chile and Mexico will be engines of growth in the medical sector while Uruguay and Colombia will encourage region-wide recreational cannabis legislation.
  • Patient numbers will increase significantly to over 4.6 million by 2028.

Last month I shared Khiron Life Sciences (KHRN, KHRNF) – a young cannabis company headquartered in Canada that is in position to capitalize on South America’s cannabis market.

I think this second company is also in position to cash in. Continue reading "Colombian Cannabis Leader Up 90%"

NJ Ready To Legalize Recreational Cannabis

New Jersey is on the fast track to legalizing recreational cannabis – and once again this is creating another great investment opportunity. I see four exciting cannabis companies that are ready to capitalize.

New Jersey gave the US cannabis industry a big jolt yesterday after New Jersey Governor, Phil Murphy, and state legislators announced they had agreed on legislation that would legalize recreational cannabis.

“Legalizing adult-use marijuana is a monumental step to reducing disparities in our criminal justice system,” Murphy said in a press release. “After months of hard work and thoughtful negotiations, I’m thrilled to announce an agreement with my partners in the Legislature on the broad outlines of adult-use marijuana legislation.”

Looking forward, the bill still has a few hurdles to clear.

It is still unknown if enough votes exist to clear the Democrat-controlled legislature. Murphy will have to rally enough votes in the Senate for legalization, but a floor vote is possible as early as March 25th. Continue reading "NJ Ready To Legalize Recreational Cannabis"

The #1 Stock To Play Illinois Going Legal

Illinois continues to advance towards its goal to legalize recreational cannabis in 2019.

JB Pritzker, a major advocate of legalization, is leading the big push toward legalization. It was a staple of his campaign and now that he’s in office, Pritzker says his goal is to legalize recreational cannabis as quickly as possible.

Legislators have been busy working on a bill to move legalization down the pipeline, and it sounds like they are making a lot of progress.

Here’s an update that comes from the Belleville News-Democrat.

State Sen. Heather Steans and state Rep. Kelly Cassidy, both Chicago Democrats who have been working on marijuana legislation for two years, said they wouldn’t rush the process on behalf of revenue.

“Assuming that we want to have some revenue, I think we’d like to pass it by the end of May,” Steans said. “But I think both Representative Cassidy and I have been very clear that the revenue is not what is motivating or should drive this legislation, but obviously it’s a side benefit piece that can also come.”

Here’s where things get even more interesting. Continue reading "The #1 Stock To Play Illinois Going Legal"