…The Canadian marijuana landscape is about to change [considerably] in 2017. Canada's government is in the process of allowing recreational marijuana across the country next year, so the number of customers the licensed producers can sell to should increase significantly by multiple folds in 2017 and 2018…increasing their sales [dramatically] over the next few years [as a result]… The comments above and below are excerpts from an article by Vin Maru (InvestInMJ.com)which may have been enhanced ? edited ([ ]) and abridged (?) ? by munKNEE.com (Your Key to Making Money!) to provide you with a faster & easier read. Register to receive our bi-weekly Market Intelligence Report newsletter (see sample here , sign up in top right hand corner.) According to the Marijuana Index Canada - consisting of 10 publically traded Canadian companies in the space - the Canadian cannabis sector, [has had] a parabolic rise in share price since May of this year [see chart below, and,] with a clear break…[through] overhead resistance…We are [clearly] in a new bull market for cannabis stocks in Canada. As of October 17, 2016 here are the companies in Canada listed in the MJ index, their current share price and market cap. Name Symbol Price Market Cap Aphria Inc APH:CA 3.630 345.43m Aurora Cannabis Inc. ACB:CNX 1.62 Canopy Growth Corporation CGC:CA 5.840 675.37m Golden Leaf Holdings Ltd. GLH:CNX 0.690 65.80m Maple Leaf Green World Inc MGW:CA 0.810 94.35m Mettrum Health Corp MT:CA 3.750 175.74 OrganiGram Holdings Inc OGI:CA 2.480 210.29m PharmaCan Capital Corp MJN:CA 1.180 142.28m Supreme Pharmaceuticals Inc. SL:CNX 1.290 199.61m THC Biomed Intl Ltd THC:CNX 1.280 128.97m I suspect the share prices of the above companies could come down over the next few months and probably into tax selling season in December. If you have made any good profits in the last year with any of the…[above] companies you may want to take some money off the table and look to buy back into the sector after a correction and pullback if you are looking to trade them. If you are a long time investor, buy them on any dips and hold them…over the next 2 ? 5 years. This is just the beginning of the next major advance that the sector and stocks will make. You can see real price charts like the ones below on many of the companies in the cannabis industry which are growers from the directory listing.
There is a chance some of the stock prices may continue to rise if the market is adding expectation about the recreational market opening up in 2017, however, that expectation and rise should come after a much needed correction and base building. Given the excitement around the sectors, though, investors are still buying so there could very well be no correction or just shallow ones. …The Canadian marijuana landscape is about to change [considerably] in 2017. Canada's government is in the process of allowing recreational marijuana across the country next year, so the number of customers the licensed producers can sell to should increase significantly by multiple folds in 2017 and 2018…increasing their sales [dramatically] over the next few years [as a result]… Watch our recent interview with Peter Clough from EarlyInvesting.com in which we discuss the outlook for the cannabis industry with a focus on the Canadian market and opportunities. To learn more about investing in the marijuana industry, please visit our site and sign up for our newsletter. What do you think? Have your say in the Comment Section below. Follow the munKNEE ? Your Key to Making Money! - ?Like? this article on Facebook
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