The cannabis industry has remained incredibly lucrative for some time now, but with new regulations going into place and the changing public perception of cannabis worldwide, it seems as though now is more the time than ever to take a look at the world of weed. Although many investors have been focused on some of the bigger stocks in the industry, many of the smaller cap companies have been making big waves in the market for several months now.
One of the companies that many investors have been watching for some time now has been the company CannaRoyalty (NASDAQOTH:CNNRF). The company has their headquarters in Canada but has also managed to have a large part of their business based in the California cannabis market. Given the high demand of the latter industry, it seems as though CannaRoyalty could be poised to continue making a killing from the new and booming cannabis industry. The Canadian cannabis market has had most of the attention for some time now as they recently decided to legalize the use of recreational cannabis which will go into effect as soon as October 17th, but many have failed to realize that the California cannabis market could be even larger in the long run. California has the fifth largest economy in the world even though it is just a state within the U.S., but this could mean an extremely high demand for pot in the coming years. The company has been making waves in the acquisition field as it has continued to buyout various cannabis companies to increase their market share. All in all, CannaRoyalty remains a stock to watch in the coming future.
The next company on the list is known as Leafbuyer Technologies Inc. (OTC:LBUY). The company has also been making waves across the cannabis industry but not in the traditional way. Leafbuyer operates as an online resource for those in the cannabis industry and provides buyers and growers alike with everything from news to information on the product they are buying. Since the cannabis market around the world has been growing with such a large amount of propensity, often it can be difficult to aggregate certain information from the larger network. With Leafbuyer, anyone in the industry can come in and get the information they need. This has led to a massive increase in the hundreds of percents in Leafbuyers online traffic, which continues to make Leafbuyer one of the most promising stocks to keep an eye on over the course of the next few months to years.
The last stock on the list is the company Kush Bottles (NASDAQOTH:KSHB). Kushbottles is involved in various parts of the cannabis industry including packaging and vaporizing, but this has helped the company to keep a very diverse portfolio of the cannabis market. Kushbottles is a part of the ancillary industry on cannabis which has been shown to have a high correlation to the bigger guys in the market. The company has been working to produce new and better packaging for cannabis products that are up to date with all of the legal restrictions surrounding how cannabis can be sold. Since laws are quite up in the air around the world, Kushbottles is presented right at the forefront of the market for new and innovative ways to package the raw product.
All in all, the cannabis market continues to be extremely interesting to watch as new companies make it to the forefront of the space. The hopes are high that the industry can continue with its positive flow throughout the coming future.
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