This one legal change not only opens millions of dollars in immediate opportunity for a group of legal cannabis, it also shows the countries most populated state is finally getting its program heading in the right direction.
This year's impressive achievements for the cannabis industry will pale in comparison to what is coming. Part of what's fueling our optimistic view is not what's on the books, but what's on deck at the state and federal level.
The world's largest tobacco company just paid a 41.5% premium for a cannabis company that has been selling recreational product for less than two months. It shows the smart money is buying in on cannabis, not selling off.
The short-seller's allegations focus only on Aphria and one other small company. It has nothing to do with other cannabis stocks. Also, the negative report carries less substance than mainstream headline writers want to believe.
The biggest winners, hands down, in the Canadian cannabis supply shortage are all of the smaller, later-to-market producers. It buys them time to get to market, and it will take longer for the first wave of suppliers who are already in stores to build up the brand loyalty they were counting on.