The cannabis market as a whole has been tremendously lucrative over the course of the past few years, but new updates to laws and the changing public sentiment on the industry has meant that it is now more popular than ever. Although there are a large amount of large cap stocks that have been the most viewed, many of the smaller guys are working to secure their place in the market, and have been seeing large gains as well. The industry in North America has grown to a multi-billion dollar market over the course of only a few years, and things only looks as though they are continuing to move up.
The company, The Hydropothecary (NASDAQOTH:HYYDF) has been one of the prominent players in the cannabis industry for some time now. According to a recent report “the company recently secured a pivotal commercial agreement with the the Societe quebecoise du cannabis (SQDC) to be the preferred supplier of cannabis products for the Quebec market during the first five years of legalization. This landmark deal should thus translate into Hydropothecary gobbling up a healthy 34% of the Quebec adult recreational use market right off the bat.” Given that legalization of recreational cannabis is scheduled to go into effect in Canada on October 17th, it seems as though the company is poised perfectly to take advantage of this new legislation.
The company has also seen a large amount of success due to the fact that their operations are quite diverse. With 24 branded products, the company has hands in every aspect of the cannabis market and not just growing the raw plant like other companies do. Because of this, the company has recently been working with the Molson Coors Brewing Company to try and secure a partnership that would allow them to produce new cannabis-infused drinks into their lineup. For all of these reasons, The Hydropothecary remains high on many investors lists.
The next company on the list is Leafbuyer Technologies Inc. (LBUY). Leafbuyer has been one of the primary resources for online cannabis information for some time now. As the market has continued to grow, companies like Leafbuyer have been at the forefront of providing information to consumers on everything from products to where to buy cannabis. Leafbuyer has also helped to disseminate large amounts of factual information to help give the consumer a very fair and honest approach about how to use and buy cannabis. Many individuals who come into the industry to buy cannabis for the first time, can be quite unsure about how to use it and what types to buy. For this reason, Leafbuyer has become one of the primary sources of information. In addition, the company has also seen its online web traffic grow in the hundreds of percents over the past several months, which means that Leafbuyer looks as though it is here to stay.
The cannabis industry as a whole is one that has helped to transform various world markets. The hopes are high that the market can continue its uptrend as we move toward the next few years and beyond. With new legislation continuing to pass throughout the world, investments in the cannabis space are showing how much value they are really worth.
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