Canada. Stock market investors look to emerging cannabis companies for fast growth

Canada.  Stock market investors look to emerging cannabis companies for fast growth

Canada.  Growing stock-market interest in cannabis-related industries is causing investors to think long and hard.  Laws in North America are becoming more and more weed-friendly and some investors have realised that this means there will be some small companies destined to become very big ones. 

The excitement surrounding the industry is visible: When a Wall Street Journal article discussing Medbox Inc., which offers medical-marijuana licence consulting and secure dispensing machines, was published last week, the company’s stock, which trades over the counter, shot from $4 (U.S.) to more than $200. Shares quickly fell down to $20 – its founders issued a press release to temper investor expectations after its market cap grew to more than a $1-billion.

 

Full story is here. http://www.theglobeandmail.com/globe-investor/investment-ideas/article5455351.ece

Canada.  Stock market investors look to emerging cannabis companies for fast growth
November 20th 2012

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