Medical Marijuana Markets Fire Up Canadian Junior Miners11:21AM ET on Tuesday Mar 25, 2014 by GlobeNewswire
In mining, claims staked are the first step in mine development. As the rules in Canada change April 1 to allow licensed commercial growing of medical marijuana, junior mining companies are doing what they are good at; staking their claims in this high growth space. As more US states plan and/or pass the legalization to allow medical and in some cases recreational marijuana--20 have legislations pending-- the market is forecast to hit $10.2 billion in less than 5 years.
Investors could be well served by this trend, but as the space builds out, it is important that the players also have viable mining businesses. What links the two industries is that they are both highly regulated. Having worked within a regulated mining framework definitely gives a new entrant a leg up in this new industry.
Cavan Ventures (CVN:TSXV) is just such a company. Whether it is advancing it's two, drill ready graphite properties in Quebec or diversifying into new ventures, management's eye is firmly focused on adding shareholder value.