These Marijuana Stocks Are Renewing Bullish Market Sentiment
The marijuana stock market has remained quite bullish for a little over a year at this point. With so many new opportunities occurring throughout the space, it seems as though a few companies have managed to push themselves to the top.
This Marijuana Stock Saw Good Gains For The Month of June
The legalization of marijuana in Canada and in parts of the United States has been the biggest trigger behind MJ industry growth. However, experts believe that this is only the start. According to research, the legal marijuana market will be worth as much as $22 billion in the United States alone. Due to this statistic, there are probably going to be many more pot stocks that investors can look out for. Here is a look at one of them.
Canopy Growth Corporation (WEED.TO) (CGC) adds substantial production capacity in Canada
Canopy Growth Corporation (“Canopy Growth” or the “Company”) (WEED.TO) (CGC) is pleased to announce that it has received a new licence from Health Canada permitting it to grow cannabis at an outdoor site in northern Saskatchewan. Hours after receiving the licence, the first cannabis cuttings were planted at a 7 million sq. ft. (160 acres) secure cultivation field in the province, one that is patrolled by drones (kidding – no drones, promise.)
More States In The U.S. Join The Fight to Legalize Marijuana
The U.S. has led the majority of the world (besides Canada) in terms of legalizing marijuana on a state-wide basis. With more than half of the country having some sort of legal cannabis laws, now is a better time than ever for the world of weed.