The cannabis industry of recent has managed to remain incredibly lucrative due to the changing physical landscape as well as the new legal measures going into place around the world. With the big news of recreational cannabis being able to be sold nationwide in Canada, it seems as though the future of the cannabis space has even more potential than the present. Many stocks have been able to move to the forefront of the industry due to the shifting paradigm, and many of the companies with market capitalizations somewhere in the middle of the industry standard have seen large amounts of success.
The company General Cannabis Corp. (OTC:CANN) has stated that they are a holding company for the cannabis industry. This has been a massive advantage for businesses due to how new the cannabis space truly is. The company has also worked to have varying subsidiaries within their business so that they can have the ability to tap into different sides of the market as time goes on. Reports have shown that the top-line sales within the business have gone up by as much as 1,400% which revenues increasing by a 27% margin since the same time last year. This may seem like a large amount and it is, but this kind of gain has been extremely characteristic of the whole of the cannabis space. \
The company CV Sciences Inc. (OTC:CVSI) has been working as a pharmaceutical company building out the cannabidiol side of the sector. CBD or cannabidiol has been one of the most promising aspects of the cannabis industry for some time now. Many studies have shown that CBD has a large amount of potential to treat everything from insomnia to help with pain relief and more. The company has seen its shares shoot up by around 14.4% over the course of the past year. The hopes are that there is more upside potential to be made, but the only issue that still stands in the way is the issue of legislation to allow the study and use of these substances. The company has seen its sales skyrocket by as much as 125% within the past quarter which is helping to bring more investors in, but for now, the company should be watched with a close eye for the future.
The last company on the list is Next Green Wave (NGW). Next Green Wave has been working as a completely vertical business with the goal of acquiring companies in the cannabis space to help build out their network. The company has been working to create a business that can satisfy all needs from seed to sale at an extremely high rate of quality. Many companies rely on other businesses to complete the various tasks needed to run a cannabis company, but this can often prove to be troublesome as vertical integration is one of the best ways to ensure a product is at its highest quality. For this reason, Green Wave remains one of the interesting companies to watch as we move throughout the coming months to years.
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