Bruce Linton: WEED and CRON Can Handle COVID-19 Storm
On April 6, Bruce Linton, the co-founder and former Co-CEO of Canopy Growth, . He said that Canopy Growth (NYSE:CGC)(TSE:WEED) and Cronos Group (NASDAQ:CRON) are better equipped to withstand the COVID-19 storm. Linton, the current executive director of Vireo Health International, said that both of the companies have billions of dollars to spend. As a result, the companies have solid footing. However, he said that even Aphria's financial position looks strong.
International Players Aid in the Cannabis Market's Expansion
Capital investments in the cannabis industry reached USD 10.4 Billion in 2010, which is a 40% increase from 2018. Yet, according to Marijuana Business Daily, the previously hot investment activity has cooled in recent months and is now running at what one analyst called a more "normal" pace of growth. This strong growth in investments can be explained by analyzing several recent developments which suggest that the cannabis industry is constantly growing around the world. For example, Australian health regulators expect the number of medical cannabis prescriptions to climb to at least 70,000 in 2020, which is more than double the 30,000 approvals through the end of 2019. Additionally, Germany imported 6,714 kilograms (14,802 pounds) of medical cannabis flower, primarily for pharmacy dispensing in 2019, according to fresh data from the nation's medical regulatory agency. That is more than double of the total for 2018, when about 3 metric tons were imported. In the United States, expectations are high for several states to expand their medical cannabis programs this year through new laws or regulatory policies, opening the door to additional business licenses as well as more sales for existing cannabis operators and new business. And, the global cannabis market size was USD 10.60 Billion in 2018 while it is projected to reach USD 97.35 Billion by the end of 2026 while exhibiting a CAGR of 32.9296 in the forecast period 2019 to 2026, according to Fortune Business Insights. Global Payout, Inc. (OTC: GOHE), HEXO Corp. (NYSE: HEXO), iAnthus Capital Holdings, Inc. (OTC: ITHUF), Planet 13 Holdings Inc. (OTC: PLNHF), KushCo Holdings, Inc. (OTC: KSHB).
iAnthus to Commence Operations at New Jersey Cultivation Campus, Marks Tenth State in Operating Footprint
iAnthus Capital Holdings, Inc. ("iAnthus" or the "Company") (CSE: IAN) (OTCQX: ITHUF), which owns, operates, and partners with best-in-class regulated cannabis operations across the United States, is pleased to announce it has received approval to commence operations at its Pleasantville, NJ cultivation campus. MPX New Jersey, an affiliate of iAnthus, is the ninth Alternative Treatment Center (ATC) in the state to receive a cultivation permit. This marks the tenth state in iAnthus' operational footprint.