It's Official Canada Legalizing Marijuana

MONTREAL — The Canadian government on Thursday announced new legislation legalizing marijuana, fulfilling one of Prime Minister Justin Trudeau’s major campaign promises. Canada has anticipated the law will take effect in the summer of 2018. The new federal laws will make the possession of small amounts of pot legal throughout the country and will also establish broad guidelines concerning who can grow, sell and buy the drug. Many specifics regarding who can possess or sell will be left to the individual provinces. Canada legalized marijuana for some medicinal uses in 2001. For more info: click here

Argentina to Provide Free Medical Cannabis to Patients

Two weeks ago, the government of Argentina gained final legislative approval of a bill allowing for the medicinal use of cannabis oil. This legislation also permits cannabis to be grown for both research and therapeutic purposes. The unanimously approved bill helps to establish a means for scientific exploration of the effectiveness of marijuana to treat numerous diseases, as well as a way for Argentina to provide medical cannabis to patients free of charge.

Marijuana Leader Canopy Growth (TSX:WEED) Fully Valued

Canaccord Genuity analyst Neil Maruoka thinks Canopy Growth Corp. (TSX:WEED) is the “dominant player” in the Canadian cannabis sector, but says the company’s stock is fully valued at current levels.

Marijuana Clubs Approved in Colorado

The Colorado Senate on Thursday passed a first-in-the-nation bill expressly permitting marijuana clubs. But Gov. John Hickenlooper is hinting that he’ll veto the measure unless it bans indoor smoking.

Acquisitions on the Rise as Companies Increase Revenue

The global marijuana industry continues to develop at an impressive pace, driven by new developments in the field of cannabis-based pharmaceutics.

As a result, M&A activity in the market is heading toward exponential growth as well.

 

Investing In A Different Kind Of Oil

In Canada, medical marijuana patients have the option to get their medication in dried form, as a concentrated oil or even fresh. Right now there are 38 approved licensed producers of medical marijuana of which only 22 produce oil. So why should this matter to Investors?