Welcome to the Cannabis Couch
This investment theme is in its infancy and as such requires an intense amount of research and attention
We will be culling through reams of data and curating a list of information we feel is most relevant to the Cannabis investor.
This information will be broken down into three sections: Stock Specific Cannabis News, Regulatory Cannabis Progress, and Medical Cannabis Progress
Stock Specific Cannabis News
Canadian Cannabis Sales Data:Retail trade sales by province and territory
6/22/20 CGC: Virtual Investor Meeting
5/25/20 – All Cannabis stocks: Sales in Canada picking up in a significant way
3/5/20 – $CGC Canopy Growth Announces Production Optimization Plan in Canada Details here: This is important because we want to see CGC take write downs and clear the deck for better EPS numbers in the back half of 2020. CGC will probably be the 1st Canadian cannabis stock we buy when the time comes bit.ly/39puZOA:
$CWEB.CA FDA Commissioner Dr. Stephan Hahn recent comment to NASDA “…we know one thing from the American people: They’re using #CBD products…We’re not going to be able to say ‘you can’t use these products…Even if we did, it’s a fool’s game to even try to approach that…We need to fill the information gap” Important: In order for Hemp CBD products to really move off the shelf retailers need FDA guidance and it looks like that is coming. Remembe, in the Farm bill past last year in Q4 it stated the FDA had until the end of March to announce a plan. The day of that announcement should be a big day for CWEB
1/27/20 –MediPharm (LABS) Labs Files Statement of Claim – This is a real problem for the processors of Cannabis biomass and may also be a sign of serious weakness in the entire Cannabis market. I am troubled by this story and will watch closely to see if it is a LABS issue or a whole Canadian LP issue.
1/3/20 – Connecting the dots: Illinois goes rec + Cresco Labs biggest player in Illinois + Cresco Labs to sell marijuana facilities to REIT for $46.3M under leaseback deal (Story from September) = Innovative Properties IIPR
12/6/19 – The world’s largest marijuana industry conference, MJBizCon, starts Wednesday Las Vegas Convention Center (MJ and all Cannabis stock)
Regulatory Cannabis Progress
1/14/20 –FDA Would Be Required To Allow CBD Product Marketing Under New Bipartisan Bill This is BIG for Charlotte’s Web (CWEB.ca)
Ontario will begin accepting cannabis store applications in January, with authorizations starting at about 20 per month beginning in April, the province’s Ministry of the Attorney General announced Thursday.
Medical Cannabis Progress