With new legislation being set in stone nationwide for recreational Canadian cannabis, it seems as though many stocks in the market will stand to benefit from the new industry on marijuana.

Canada recently became the first G7 nation to allow the use of recreational cannabis via a bill known as the Cannabis Act. Although the details surrounding the implementation of the new law are still being solved, it seems as though things are moving quite smoothly for the next coming weeks.

Many investors have been watching several stocks in the industry such as Canopy Growth Corp. (NYSE:CGC), Aphria (NASDAQOTH: APHQF) and others, to see how this new legislation will help to bring prices up in the neat future. Many of the Canadian cannabis giants have already benefitted from the new legislation, but it seems at though the real gains have yet to come to fruition fully.

Canopy Growth has been at the forefront of the legal cannabis industry for quite some time now, and has one of the largest growing capacities for cannabis in the whole of the market. According to one report “Canopy currently operates facilities with over 2.4 million square feet of growing space. However, the company is expanding its operations to include more than 5 million square feet of growing space by next year. Based on some back-of-the-envelope calculations, Canopy Growth should be able to produce more than 780,000 kilograms of cannabis each year at its projected full capacity.” This massive ability to produce cannabis puts them at the top of the market for growing the raw plant. The hopes are that Canopy will be able to begin exporting their cannabis around Canada and potentially abroad.

Next on the list is the company Aphria, which has been working to begin producing cannabis in large quantities. Aphria currently has the ability to produce around 35,000 kg of cannabis per year. This may not seem like a lot, but Aphria has plans to produce annually as much as 255,000 kg by the beginning of the 2019 year. This means that over the course of the next few months, Aphria could be one of the largest producers of cannabis in the nation. The company according to one report has “olidified its retail strategy by forging a key distribution partnership. In May, Aphria selected Southern Glazer as its exclusive distribution partner for recreational marijuana. Southern Glazer is the largest wine and spirits distributor in North America and has operations in all of Canada’s provinces.” This new distribution method will likely help them to continue the process of exporting cannabis in and around Canada.

Last on the list is the company that many should already know, Aurora Cannabis (NASDAQOTH:ACBFF). Aurora has worked to become one of the largest cannabis companies in the country with aggressive growth strategies including new ways to grow cannabis in higher quantities. The company also recently acquired both CanniMed Therapeutics as well as the large cannabis grower MedReleaf. Both of these acquisitions have occurred within the last few months, helping to continue illustrating how quickly Aurora has grown in size and potential.

The cannabis industry is still very much in the early stages concerning growth. The hopes are high that the market can begin to reach its full potential in the coming future given new legislation and the changing sentiment toward the industry as a whole. Only time will tell how well this new market will begin to shape and reshape the way that the world looks at cannabis as a drug with a large amount of potential for the future.


MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com
Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Los Angeles County to Put Marijuana Tax in an Effort to Address Homelessness

County officials have been debating several potential tax measures in an effort…