Re: Marijuana Industry
Posted:
Wed Jan 31, 2018 7:58 am
by winston
vested in SMG
Marijuana industry has taken new heights in recent years
Twenty-nine states including D.C. have legalized medical marijuana and seven states including D.C. have legalized marijuana for recreational use.
Canada plans full legalization by mid-2018.
According to a recent report from Arcview Market Research legal marijuana sales will hit $22.6B by 2021, representing a 27% compounded annual growth rate.
Source: Seeking Alpha
Re: Marijuana Industry
Posted:
Wed Jan 31, 2018 8:05 am
by winston
The first US listed cannabis ETF (MJX) was born in December 2017, and SMG constitutes 2.29% of the fund at the time of writing.
Re: Marijuana Industry
Posted:
Wed Jun 05, 2019 10:12 am
by winston
ETFMG Alternative Harvest ETF (MJ)
ETFMG Alternative Harvest ETF is a passively-managed ETF with market cap of approximately USD 1.01 billion and expense ratio of 0.75%.
MJ is the first US-listed ETF to offer exposure to legal cultivation, production, marketing or distribution of cannabis products, for either medical or nonmedical purposes.
In October of 2018, Canada legalized cannabis for adult recreational use. In addition to Canada, about 10 U.S. state s have legalized cannabis for recreational use while almost half the states approved cannabis for medicinal but not recreational uses.
According to the BDS Analytics, global spending on global cannabis products may surge 40% in 2019 with estimated 18.1 billion.
Estimated global sales should reach $32 billion by 2022 from $12.9 billion in 2018, which is a 25.5% compound annual growth rate.
Due to the loosened rules and regulations, the US will become the major driving force for the growth of legal cannabis industry, followed by Canada.
Increasing adoption of legalized cannabis in various products particularly medical and recreational use would further expand the cannabis industry.
Therefore, investors can access the growth opportunity through MJ ETF. Suggested to buy at $32.49, target price $38.35, cut loss if drop below $30.68.
Source: Phillips
Re: Marijuana Industry
Posted:
Mon Oct 05, 2020 12:22 pm
by behappyalways
Re: Marijuana Industry
Posted:
Thu Nov 05, 2020 8:31 am
by winston
Cannabis legalization went five for five.
Five states had legalization initiatives on the ballot and all passed.
This sent U.S. cannabis stocks higher on the possibility that it could add $9 billion to the booming industry.
Source: Money Wire
Commodities - General News 04 (May 18 - Dec 23)
Posted:
Mon Nov 21, 2022 10:18 am
by behappyalways
New York Farmers Have Nowhere To Sell $750 Million Worth Of Cannabis
https://www.zerohedge.com/markets/new-y ... n-cannabis
Re: Marijuana Industry
Posted:
Wed Nov 22, 2023 12:06 pm
by behappyalways
Up In Smoke: California's Largest Pot Distributor Collapses Amid $17 Million In Unpaid Taxes
https://www.zerohedge.com/commodities/s ... paid-taxes