Which Marijuana Stock is the Biggest One of All? – Nanalyze

With the launch of our new website, we have mapped out 12 categories of disruptive technologies that we’ll continue to write about for our rapidly growing audience of lovely readers. After four years of writing about all facets of disruptive technologies, we’ve noticed how often people come around who have never invested before and want to start now because they’re so excited about a particular technology. This puts us in an excellent place to educate people who are new to investing about all the pitfalls out there – like ICOs or OTC stocks. Surprisingly, the investment theme we cover which attracts the most interest from newbie investors is marijuana.

Like most disruptive technologies, the opportunity to make some serious money from the legalization of marijuana in the United States is largely restricted to startups, a fact that hasn’t gone unnoticed by some of the nation’s most prominent venture capitalists. Sure, we put out a list of 57 “marijuana stocks” but if you go through it in detail you’ll see how most are OTC garbage that you shouldn’t touch with a ten foot pole. Legitimate plays include pharmaceutical companies looking at cannabinoids for therapies or the large Canadian growers. There’s also an ETF which you can buy called the Horizons Marijuana Life Sciences ETF (TSE:HMMJ) which we picked up a few shares in on 4/20 to show you how. While interest in marijuana has waned in favor of token mania, that’s a good thing because we can now start to look at the economics of the larger growers to see what sort of businesses can be created by growing marijuana and selling it legally. Let’s dig into the biggest marijuana company out there by market cap, Canopy Growth (TSE:WEED).

When you look at the size of a company, you don’t do stupid

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Australian pot stocks: Weeding out the weaklings – Motley Fool Australia

The past few months have been disappointing for some of Australia?s pot stocks. However, although some companies have seen their share price drop as excitement for the industry wears thin, others look to have better prospects.

Auscann Group Holdings Ltd (ASX: AC8)

The Auscann share price has dropped by almost 30% since trading at 0.59 cents on August 9 to close on Thursday at 0.42 cents. The share price surged in early August when the company announced it had been granted a licence to manufacture and supply cannabis. But the Auscann share price has been diving since the company announced a…

The past few months have been disappointing for some of Australia’s pot stocks. However, although some companies have seen their share price drop as excitement for the industry wears thin, others look to have better prospects.

Auscann Group Holdings Ltd (ASX: AC8)

The Auscann share price has dropped by almost 30% since trading at 0.59 cents on August 9 to close on Thursday at 0.42 cents. The share price surged in early August when the company announced it had been granted a licence to manufacture and supply cannabis. But the Auscann share price has been diving since the company announced a net loss for FY17 of more than $13.7 million in late August.

Creso Pharma Ltd (ASX: CPH)

Creso Pharma announced a loss of more than $3.5 million on August 28. A month later, Creso Pharma announced that it is on track to finalise its acquisition of Mernova Medicinal Inc. after completing the due diligence process.

Creso Pharma CEO and Co-Founder Dr Miri Halperin Wernli said the acquisition will give her company direct exposure to the world’s largest legal and recreational cannabis market.

She said: “The ACMPR application is progressing well and now that we have satisfied our due diligence

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Be wary of this easy, diversified way to invest in pot stocks – The Globe and Mail

Anyone betting on an individual cannabis stock is swinging for the fences. So is a diversified investment in the broader marijuana sector through an exchange-traded fund nothing but a bunt?

Given the lacklustre performance of the Horizons Marijuana Life Sciences Index ETF, which gives investors exposure to 20 marijuana-themed stocks, diversification is certainly raising some questions.

Since its debut in early April, the Horizons ETF has dipped more than 3 per cent, versus gains of about 24 per cent over the same period for one of its largest holdings, Canopy Growth Corp.

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Sure, Canopy has a cute ticker symbol (WEED) that might be more attractive to retail investors than the ETF’s ticker (HMMJ). And yes, picking out one hot stock doesn’t necessarily refute the benefits of diversification. You could do the same thing by picking one outperformer in the S&P/TSX composite index or the S&P 500.

But in the case of the marijuana sector, you do have to wonder if a couple of eccentricities are holding back the ETF and making individual stock picks the better approach for most investors. One of these quirks: A key holding in the ETF is a company that has actually backed opposition to marijuana legalization. More on this in a moment.

This might sound laughably obvious, but cannabis stocks aren’t safe, profitable, dividend-generating holdings suited for the general investor. They’re risky bets on the growing acceptance of medical marijuana use in North America and hopes for legalized recreational use in some markets.

And yet some observers are dreaming big. The North American legal marijuana market generated sales of $6.7-billion (U.S.) in 2016, up 30 per cent over 2015, according to Arcview Market Research. But that’s just a fraction of the estimated overall cannabis sales

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TSX to smoke out marijuana stocks that violate US federal law – Toronto Star

By Jen Skerritt,
Kristine Owram
and Greg QuinnBloomberg
Bloomberg

Tues., Oct. 17, 2017

Canada’s largest stock exchange may delist marijuana stocks that run afoul of U.S. federal law which considers the drug illegal.

The Toronto Stock Exchange will contact all companies that cultivate, distribute or possess marijuana, or offer services related to the drug in any jurisdiction, by the end of the year. If they’re found to be in violation of U.S. federal law, they could ultimately be delisted, said Ungad Chadda, president of capital formation for equity capital markets at TMX Group Ltd., the parent company for bourses Toronto Stock Exchange and TSX Venture Exchange.

“There may be issuers on our market that are not in compliance with the requirements. We will only come to find that out through the process of our review,” Chadda said in a briefing with reporters at TMX’s offices in Toronto. “If you’re violating federal law, you’re out.”

Read more:

Canadian pot firm Aphria blazes ahead in U.S. as TMX debates policy

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Winners, yes, but more losers under province’s pot plan

The move comes after the TMX Group Inc. announced it is reviewing how to deal with marijuana companies that have operations or investments in the U.S. While some U.S. states have legalized marijuana for medical and recreational use, it remains illegal at the federal level.

Chadda acknowledged that the exchange may have inadvertently allowed companies to list that were already violating U.S. federal law, or that began violating the law while they were listed. There are approximately 25 companies directly involved in the pot industry listed on the TSX and the TSX Venture Exchange,

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TMX warns about US-linked pot stocks, amid fears of Washington marijuana crackdown – Globalnews.ca

The TMX Group, the company that operates the Toronto Stock Exchange and the TSX Venture Exchange, says companies with business activities that violate U.S. federal law regarding marijuana could undergo a delisting review at the discretion of the TSX.The group said in a statement that while some states have legalized marijuana to varying degrees and conditions, under federal law it is illegal to cultivate, distribute or possess the drug in the United States.Story continues belowRelated

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