Global cost of legal cannabis is expected to rise by over 240% to over $32 billion. in 2020. compared to just $9.5 billion. in 2017. Much of this significant volume will come from the United States, where the legalization of marijuana moves at a very fast pace. For the last one year of the graphs below, we can track developments in different states.
2017
2018
In just one year, the number of states legalized (dark green) use of marijuana has increased dramatically, and what encourages investors in marijuana-producing and processing companies is that there is no state in the United States that does not consider (light green) legalization and.
Here's what companies to target, considering the trend towards legalization
Companies cultivating plants
- Canopy Growth Corp. - CGC
- Aurora Cannabis Inc. - OTC: ACBFF
- Cronos Group Inc. - CRON
Pharmaceutical and biotechnology companies
- AbbieVie - ABBV
- GW Pharmaceuticals - GWPH
- Cara Therapeutics - CARA
- Axim Biotechnologies - OTC: AXIM
Ancillary enterprises
- The Scotts Miracle Gro Company - SMG
- Kush Bottles - OTC: KSHB
- Solis Tek - OTC SLTK
- GrowGeneration Corp - OTC GRWG
Companies involved in the marijuana business
- General Cannabis Corp. - OTC: CANN
- Innovative Industrial Properties Inc. - IIPR
- mCig Inc. - OTC: MCIG
On the main chart, we can track the development of the North American Marijuana Index, which is made up of the largest US and Canadian companies involved in the production and processing of marijuana. As the leagues progress, there is also no Price Action to look at. The price is in the support zone, registering a large price gap in upward direction. The zone is formed from previous bottoms as well as 61.8% Fibonacci correction of upward movement. 50 and 200SMA are located in the bear, but from the point of view of the indicators, we get indications of subsequent growth. DeMarker rotates and exits the over-sales area, and Sequential counts a unit on the top immediately after the 9-th below - a rare and extremely positive signal.
Source: Bloomberg Finance L.P.
Graphs: Used with permission of Bloomberg Finance L.P.
Maps: Investopedia
Read more:
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.