Global industry CANNABIS: IS 1,000 PERCENT HIGH ENOUGH? (1253 GMT)
The global legal cannabis market is set to grow over 1,000 percent to reach 140 billion
dollars by 2027, investment bank Bryan, Garnier & Co writes in an in-depth report it just
published about the industry.
"Not only is there already a sizeable black market to take share from but legalisation
itself seems to be creating its own momentum," the report says, highlighting that the
legalisation of cannabis worldwide is creating a "rapidly expanding industry".
There's more than pharmaceutical products: "for alcoholic drinks, cannabis beverages could
potentially deliver the same benefits ("high") without the traditional negatives (calories, hangover)," the investment bank writes.
Bryan, Garnier & Co recommends three Canadian stocks as investment opportunities : Canopy
Growth <WEED.TO>, Aurora Cannabis <ACB.TO> and Aphria <APH.TO>.
See Reuters' latest story on the subject: "Canada's small financial firms get buzz from weed
stocks" [see story]