Pernod Ricard (PERP.PA), the world’s second-largest spirits maker, has not yet seen any impact from the legalization of cannabis in some parts of North America but is monitoring the situation closely, its chief executive said.
Tag Archives: North America
In April, investors were privy to the very first marijuana stock ETF, which debuted on the Toronto Stock Exchange with slightly more than a dozen holdings. This represented the very first time a basket fund was created for investors to easily diversify their pot-stock holdings. And last week, investors witnessed another marijuana first: the largest North American marijuana stock IPO of all-time.
LOS ANGELES, Feb. 27, 2017 /Weed Wire/ — MedMen, a leading cannabis management and investment firm based in Los Angeles, grew its workforce more than five-fold and greatly expanded its footprint in 2016 with new investments and operations across North America, the firm said in its annual report released today.
Investing in cannabis stocks is being called the “gold rush” of the 21st century. That’s because legal marijuana sales in North America climbed to $6.7 billion in 2016.
North Americans spent $53.3 billion on legal, illegal, and medical marijuana in 2016, according to a Jan. 17, 2017, release from Arcview Research Group. That’s more than people in the United States spent on McDonald’s and Starbucks combined.
OAKLAND, Calif., Jan. 3, 2016 /Weed Wire/ — Arcview Market Research, the leading publisher of cannabis market research, released a new 2016 North American cannabis market size estimate as well as projections for the market through 2021, while announcing the availability of presales of its 5th edition of the State of Legal Marijuana Markets Report.
Cannabis was around long before anyone decided to profit from it. It has a rich history of geography that informs its position in agriculture, the economy, politics and medicine.