The marijuana industry has been booming with opportunity for over a year at this point. With the end of 2018 signaling a complete shift in the market, the beginning of 2019 has already gotten off to a solid start. Towards the end of last year, any of those who follow the marijuana industry, saw a massive downtrend hitting not only cannabis, but the whole of the stock market. This was quickly followed by a large amount of speculative news which only made matters worse.
However, many bouts of news since the beginning of this year have set marijuana off to a great start. Some of the companies that have been hit the most are the largest and most connected to the pot plant itself. For those looking to pick a slightly lower volatility stock, the ancillary industry associated with cannabis may be for you.
Integrated Cannabis Company ICNAF/(CSE:ICAN) is one of the key players in the marijuana industry. ICAN recently saw its stock shoot up by as much as 25% during a five day period of trading. The company is a major producer of CBD based products having launched a brand new line of targeted sprays that can help with a whole series of health issues.
ICAN also has launched a completely overhauled website which makes purchasing these CBD infused sprays extremely simple and easy. CBD has become a massive part of the cannabis sector due to the amount of medicinal help it can offer for a broad range of ailments.
Additionally, with the passing of the Farm Bill in the U.S., it seems as though CBD may end up becoming more popular than ever. ICAN has continued to work on the development of new CBD and THC based products which should continue to see widespread successes throughout the cannabis industry.
KushCo Holdings (KSHB) is one of the primary players in the ancillary market due to how much they offer to companies that produce marijuana. KushCo works by offering various technologies and supplies to growers, distributors and dispensaries. Additionally, they are able to offer new and innovative packaging solutions for these companies as well.
Packaging has become a major hot point in the cannabis market as new regulatory measures ensure it must meet a very specific and high standard. KushCo can in turn take these regulations on and make packaging that cooperates which allows for dispensaries and growers to continue focusing on the production of their products. KushCo has stated that they work with as many as 5,000 different customers around the world which means that they are very entangled in the whole of the marijuana industry. For those looking to get a piece of the ancillary aspect of cannabis, KushCo may just be the right choice.
KushCo has also reported that their sales have more than doubled since last year to over $52 million. With massive expansion plans in the works, it looks as though the potential for KushCo is only increasing as we move toward the future of the cannabis market.
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