2016 was without a doubt the most successful year for the cannabis industry, and it’s no doubt going to continue flourishing.
To date, 2016 was without a doubt the most successful year for the cannabis industry, and it’s only going to continue flourishing.
As such, the Investing News Network (INN) covered a number of the year’s biggest cannabis news stories–ranging from top stocks, legalization in the US and the release of the Task force in Canada.
With an abundance of cannabis news stories, investors were more interested in the sector than ever.
Read on to see what five top cannabis news stories 2016 caught the attention of our investor audience.
First on the top cannabis news stories 2016 is a look at 19 Canadian marijuana stocks. At the time, the Canadian government’s task force on legalization of marijuana hadn’t been released, but cannabis stocks were still soaring. In the summer of 2016, Predictive Index analyst Jason Zandberg put forth the prediction that the cannabis market would be worth $4.9 billion by 2019, and climbing to $7.4 billion within the first five years of legalization.
Bearing that in mind, it’s no wonder investors were keen to read about cannabis stocks already listed on Canadian exchanges, including Canopy Growth (TSX:CGC), Mettrum (TSXV:MT), OrganiGram (TSXV:OGI), Aurora Cannabis (TSXV:ACB), THC Biomed (CSE:THC), among others.
As it can be seen, Canadian cannabis stocks were a hot read in 2016. While the former focus on a variety of Canadian marijuana stocks, this one looks at the 10 top performing stocks year-to-date (as of October).
With the help from a list compiled by CanTech Letter, INN dove in with some additional information about the companies listed–some of which were mentioned above–including, Maple Leaf Green World (TSXV:MGW), Emerald Health Therapeutics (TSXV:EMH), and Cannabix Technologies (CSNX:BLO).
Keeping with the cannabis stocks theme, our audience was keen to learn how to find the best cannabis stocks to invest in. Like the previous two articles, this one had been done before legalization in Canada and the US (at a federal level) was in play. In the article, former Wall Street attorney Chris Milenkevich talks with INN about what investors should look for when stepping into the cannabis stocks sector.
Taking the above three articles into consideration, it should come as no surprise that looking ahead, investors were eager to look at what’s in store in the coming year. With legalization in Canada ready to launch in the spring, INN had the chance to speak with 420 Investor Alan Brochstein to talk about how the cannabis industry is shaping up this year.
Rounding out the list of top cannabis news stories 2016 is an interview INN did later in the year with vice president of Aurora Cannabis, Cam Battley. In November, the company announced that it had begun construction on an 80,000 square foot expansion, called “Aurora Sky.” When completed, it is projected to be the largest cannabis production facility in the world.
In the interview, Battley discusses how the facility will set Aurora apart from other cannabis companies, why they chose Dutch design for the expansion, and how the legalization of recreational marijuana will impact the facility.
Don’t forget to follow us @INN_Resource for real-time news updates.
Securities Disclosure: I, Jocelyn Aspa, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: Mettrum Health is a client of the Investing News Network. This article is not paid for content.