LAS VEGAS, July 18, 2018 /PRNewswire/ --
FN Media Group Presents Microcapspeculators.com News Commentary
Recreational cannabis is now selling legally in California and Canada, which opened its national marijuana market this month. The estimated $12B sales projection in North America translates to big opportunities for entrepreneurs and brands. In the U.S. the recent and continued success of states like Colorado, Nevada and Washington's cannabis markets along with the lack of federal interference, has helped bring the idea of working with marijuana into the mainstream.
When it comes to recreational marijuana individuals are enjoying cannabis in all kinds of new ways. Most people don't want to smoke anymore for a variety of reasons including lung safety concerns, smell and odor issues, second hand smoke around children and other non smokers, along with the extra time it takes to smoke. There's a huge boom in alternative forms of ingestion. Alternative forms include every kind of edible imaginable (candies, cookies, butters, cooking oils), drinks, topicals, tinctures, lotions and rubs. The legal recreational marijuana industry is revolutionizing business and society in North America.
These five stocks are benefiting tremendously from the cannabis rush: Nightfood Hldgs Inc. (OTC:NGTF), General Cannabis Corp. (OTC:CANN), INSYS Therapeutics, Inc . (NASDAQ:INSY), GW Pharmaceuticals Plc. (NASDAQ:GWPH), The Green Organic Dutchman Holdings Ltd. (OTC:TGODF)
Nightfood Hldgs Inc. (OTCPK:NGTF)
Market Cap: $15.28M, current share price: $.36
NightFood manufactures and distributes better-for-you snacks specifically formulated to satisfy unhealthy nighttime cravings in a better, healthier, more sleep-friendly way. Future product line extensions may include formats such as NightFood cookies, NightFood ice cream, NightFood bites, and more. In addition, MJ Munchies, Inc. was recently formed as a new, wholly owned subsidiary, to exploit legally compliant opportunities in the CBD and marijuana edibles and related spaces. The Company intends to market some of these new products under the Half-Baked™ brand name. As the legal landscape around CBD and cannabis related products continues to change and evolve, MJ Munchies will continue to explore, identify, and capitalize on opportunities clearly defined as legal. The Company believes tremendous opportunities currently exist to launch successful and compliant products in this space, and that such opportunities will continue to grow over time.
General Cannabis Corp. (OTCQX:CANN)
Market Cap: $116.4M, current share price: $3.26
CANN, the comprehensive resource for the highest quality service providers available to the regulated cannabis industry, announced the hiring of cannabis industry veteran Joe Hodas as Chief Operating Officer (COO). Leveraging his recent experience in helping drive Dixie Brands, Inc.'s national expansion efforts across multiple states and brand lines, Hodas will be responsible for driving revenue and efficiency across all of General Cannabis' (GC) existing lines of business, including: Iron Protection Group (security and cash transportation services); Chiefton (apparel and marketing consulting); and Next Big Crop (operations consulting and products), as well as General Cannabis' corporate infrastructure.
INSYS Therapeutics, Inc . (NASDAQ:INSY)
Market Cap: $559.47M, current share price: $7.58
Insys Therapeutics, Inc., is a specialty pharmaceutical company, develops and commercializes supportive care products. The company markets SUBSYS, a sublingual fentanyl spray for breakthrough cancer pain in opioid-tolerant adult patients; and SYNDROS, an orally administered liquid formulation of dronabinol for the treatment of chemotherapy-induced nausea and vomiting, and anorexia associated with weight loss in patients with AIDS. It is also developing Cannabidiol Oral Solution, which has completed pediatric study for the treatment of pediatric epilepsy; has completed Phase II study to treat west syndrome; and is in Phase II study for the treatment of childhood absence epilepsy, as well as Buprenorphine Sublingual Spray that has completed Phase III study to treat acute pain. In addition, the company is developing Cannabidiol Oral Solution for the treatment of prader willi.
GW Pharmaceuticals Plc. (NASDAQ:GWPH)
Market Cap: $4.26B, current share price: $151.15
GW Pharmaceuticals plc, is a biopharmaceutical company, engages in discovering, developing, and commercializing cannabinoid prescription medicines using botanical extracts derived from the Cannabis plant. The company operates through three segments: Commercial, Sativex Research and Development, and Pipeline Research and Development. Its lead product is Epidiolex, an oral medicine which is in Phase III clinical development for the treatment of refractory childhood epilepsies, as well as for the treatment of Dravet syndrome, Lennox-Gastaut syndrome, tuberous sclerosis complex, and infantile spasms. The company also develops and markets Sativex, an oromucosal spray for the treatment of spasticity due to multiple sclerosis. In addition, it develops various product candidates, which are in Phase I and II clinical development for the treatment of glioma, neonatal hypoxic-ischemic encephalopathy, adult epilepsy, and schizophrenia.
The Green Organic Dutchman Holdings Ltd. (OTCQX:TGODF)
Market Cap: $1.01B, current share price: $4.45
The Green Organic Dutchman Holdings Ltd., through its subsidiary, The Green Organic Dutchman Ltd., operates as a cannabinoid-based research and development company in Canada. It produces organic cannabis products, including organic dried cannabis, cannabis oils and edibles, fresh cannabis, and seeds for medical applications
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