NEW YORK, Oct. 28, 2016 /CNW/ - Americans are more open minded about legalizations of Cannabis than ever before. A recent Gallup poll shows that about 60% of Americans support legal cannabis use. The surprising parts about this poll is the rising support for cannabis reform across all age groups. Take this into perspective and now you have nine states voting this November 8 on legalization of medical use, recreational use, or both depending on the state. Finore Mining Inc. (CSE: FIN.CN), Aurora Cannabis Inc. (ACB.V), Aphria Inc. (APH.V), Supreme Pharmaceuticals Inc. (CSE: SL.CN), Maple Leaf Green World Inc. (MGW.V)
The states where recreational cannabis will be on the ballot are California, Arizona, Nevada, Maine and Massachusetts, while North Dakota, Arkansas, Montana and Florida are considering medical marijuana legalization. California in particular is an interest to investors. According to Arcview Group, a company that links investors with cannabis companies, has shown the market for both recreational and medicinal marijuana is expected to reach a value of $22 billion by 2020 from the $7 billion it is today, if California says yes.
United States is not the only country in North America where cannabis reform is expected to influence the market in 2017. Canada is on its way to legalizing cannabis as well. The current liberal government announced earlier this year that a new legislation will be introduced in spring 2017. Justice Minister Jody Wilson-Raybould revealed the creation of a task force this June stated, "Our intent is to come up with legislation that will regulate non-medical access to marijuana, keeping it out of the hands of children and the hands of criminals."
California already has the most comprehensive medical marijuana law in the country, which includes edibles, and therefore it is not surprising some of the most creative cannabis infused edibles were originated in the western state. Finore Mining Inc. (FIN.CN) just announced late yesterday an agreement for the acquisition of KushTown USA LLC, a leading California Marijuana Beverage Company. Kushtown USA for example is specializing in medicated water, soda, hot sauce and barbecue sauce products infused with cannabis. The company offers 20 different varieties of medicated sodas on its website. The sodas and drinks come in varieties of carbonated and non-carbonated beverages, with flavors like Cherry Cola, lemonade, fruit punch, and lemon lime, all infused with a medical marijuana THC oil tincture. For more information about the California based company, please visit and check out http://www.kushtownusa.com.
The creator of Kushtown USA, Peter Moret, has an interesting story behind the company. In early 1999, Moret's mother became ill from breast cancer. In addition to the chemotherapy treatments, Moret research additional possible treatments for dealing with the aches and pains from the cancer. After researching cannabis's medical effects, he created a Medical Marijuana tincture, called it Kushtown tincture, and gave his mother a single serving of the tincture in tea, which she then started drinking regularly. The cannabis infused teas not only helped in dealing with the aches and pains from cancer, but also increased her appetite and activity. The company's goal today is to create and innovate delicious, effective, and cutting edge products that establish the company as a leader amongst edible companies.
Aurora Cannabis Inc. (TSX-V: ACB) is a company operating as licensed producer of medical marihuana pursuant to the Marihuana for Medical Purposes Regulations. It operates an approximately 55 thousand square foot expandable production facility in Alberta, Canada. Earlier this September the company announced that it has surpassed 7,700 active registered patients, just under eight months after the Company's first sale of product. Gross revenue for the month of August, 2016 was $1.2 million, a 20% increase over July, 2016.
Aphria Inc. (TSX-V: APH) is engaged in producing and selling medical marijuana through retail sales and wholesale channels. The company claims to providing pharma-grade medical cannabis, superior patient care while balancing patient economics and returns to shareholders. This September the company announced a project that will increase the capacity under the Access to Cannabis for Medical Purposes Regulations ("ACMPR") from 100,000 square feet to 300,000 square feet and is expected to increase the Company's ACMPR compliant growing capabilities from 5,500 kgs annually to 18,000 kgs annually. On October 7th the company reported 102% quarter over quarter increase in EBITDA and a 72% quarter over quarter increase in kilograms sold.
Supreme Pharmaceuticals Inc. (SL.CN) is development company focusing on medical marijuana industry, with an emphasis on production and sale of medical marijuana as regulated by Marihuana for Medical Purposes Regulations. The company's pride are their innovative greenhouse facilities, which is the first of its kind to be hybridized and modular, meaning it provides the best practices of indoor cultivation with the cost savings and sustainability of a greenhouse. Currently the company is focusing on scaling up the entire greenhouse.
Maple Leaf Green World Inc. (TSX-V: MGW) is a Canadian company that focuses in the agricultural/environmental industry. This September the company announced the first shipment of product from its initial harvest has commenced. Product shipments will continue for the next few weeks. Once the harvesting and shipping of the first two crops has been completed, the Company will be in a better position to provide revenue projections for 2017 and beyond. The seedlings for the Company's third marijuana crop will be cultivated in November, with harvesting expected in March 2017. From 2017 onward, Maple Leaf is targeting six harvests per year.
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