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July 22, 2016

Blue Chip Companies Entering the Cannabis Industry

The Times They Are a Changing. These famous lyrics by Bob Dylan were never more true than now, as we witness an evolution within and without the cannabis industry.

Until recently, even the ancillary sector of the cannabis world was too controversial for mainstream companies. It is apparent now, though, that as the legalization train moves forward, mainstream companies are jumping on-board. With alliances and product launches that would not have even been considered just a short time ago, some of the world’s largest and most respected companies are now entering the cannabis industry.

Here are just a few of the most notable:

Microsoft

The tech giant one of the latest major companies to get involved with the cannabis industry, lending mainstream credibility t...

July 19, 2016

While Californians consider legalizing recreational pot use, a few San Diego entrepreneurs are already casting their vote in favor of the state’s cannabis industry.

The group, called Canopy San Diego, is accepting applications for its pot-themed technology accelerator, a first for Southern California. The concept is to find and fund early-stage companies with ideas that can assist the state’s dispensaries and growers. That could range from water conservation tools to more optimal packaging; payroll software to analytics.

Canopy San Diego said it is launching now because it believes the state’s legal marijuana market is already sufficiently large enough to support new businesses. With sales projected to reach $2.7 billion this year, California is the largest medical marijuana market in the nation. And, i...

July 18, 2016

Florida’s first marijuana dispensary will open Tuesday, July 26 at 800 Capital Circle SE, Tallahassee.

Licensed cannabis grower and distributor Trulieve won the race among the state’s six medical cannabis licensees to open the state’s first retail location. It will sell its proprietary high-CBD, low-THC strain of marijuana named Vita Jay, and has plans for a stronger strain on the horizon.

To do so, according  to Trulieve CEO Kim Rivers, the company had to complete a rigorous 2,000-page application that was “very technical,” and pass the consequent inspections from the Department of Health.

“At the end of the day, we are responsible for the plant, what comes out of the ground, and responsible for processing. It is highly regulated, of course, but also a very serious medicine,” Rivers said.
 

Trulieve...

July 17, 2016

Alexander Nachman, America’s leading expert on investing in the cannabis industry, comments on the quality of several cannabis stocks and their potential upside and risk:

"I am continually asked about the current state of the market, as well as what cannabis stocks I find value in and what near term catalysts might spur profits in the cannabis sector.


When it comes to investing in the stock market, I believe in first preparing a fundamental analysis of the company’s business model. I effectively use quantitative modeling to isolate my investments throughout my career in the financial arena.

Looking at the Cannabis sector, I find several companies of interest with decent enough fundamentals, current reasonable price points for current investment, and the positive potential near term events that could pro...

July 16, 2016

Opponents of marijuana legalization often justify prohibition by pointing to studies suggesting that cannabis can signi