3 Reasons To Invest In Canadian Cannabis Stock https://thcbiomed.com/3-reasons-to-invest-in-canadian-cannabis-stock/
While public company investors wait out the arrival of companies that better reflect the promise of [actually building real businesses in the cannabis] industry, there is one area that not only offers promise but that is actually delivering solid growth in both sales and share prices: Canada. Here are three reasons why investors should pay attention:
1. Medical cannabis is federally legal, and Canada will soon become the first regulated federally legal market for adult consumption among major countries
Canada is the most progressive G-7 country with respect to cannabis. The country’s medical cannabis program, MMPR, launched 26 months ago with several flaws, many of which remain, but the federally legal program allows the companies, known as licensed producers (LPs) to operate without facing many of the issues with which state-legal U.S. companies that remain federally illegal must contend, including banking issues as well as the inability to scale due to restrictions on interstate commerce. The program has experienced significant growth that is accelerating, though, at about 50K patients currently, is just a fraction of its potential, which could exceed 400K in the next few years.