GREY:CHALF - Post by User
Post by
Brookcherlivinon Jan 06, 2019 8:46pm
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Post# 29193091
What to watch this year!
What to watch this year!Via Bloomberg, The U.S. will dominate the news flow and stock listings: with the recently passed farm bill legalizing hemp, some say its only a matter of time before legislators follow suit and legalize cannabis nationwide. Others argue a divided Congress will stymie any real progress. Either way, 2019 will be Americas time in the marijuana spotlight as investor interest rapidly shifts from Canada to the much larger U.S. market, where consumer spending on legal cannabis is expected to reach $20.9 billion by 2021 from $11 billion last year, according to Arcview Market Research and BDS Analytics As the U.S. weighs proposed legislation that could open up banking and stock exchanges to cannabis companies, institutional investors will feel increasingly comfortable investing in the space. To date, cannabis investments have largely been the purview of retail investors, family offices and specialty hedge funds Legalization of both medical and recreational cannabis will continue to spread around the world, with France, Italy, Peru, New Zealand and even Lebanon on the list of countries thought to be the next movers Clear winners and losers will begin to emerge in Canada as pot producers report their first earnings that include recreational sales. Expect plenty of consolidation and a few outright failures