November was a real game changer for the cannabis industry. With these important changes, where are the leading cannabis investors allocating their capital now?
We’ve been consistently among the only financial newsletters to report on the most important events in the legalized cannabis market. We published the passage of Bill C-45 (the Cannabis Act), which opened the door to legal marijuana sales throughout Canada, but our relationships with top-management in the Canadian cannabis sector go back to 2013.
October absolutely decimated cannabis stocks. The biggest names in the industry (companies worth several billion dollars in market cap) took huge hits.
Fortunes are made most assuredly when specific procedures are set in motion, as to bring about such durable competitive advantages to a dominating business that it becomes nearly impossible to eliminate the leader.
The North American cannabis market is on fire, indeed. It’s a tough industry to operate in because you must have a tremendous advantage, a critical edge over your peers, in order to succeed.