In this survey we will be reviewing the stocks that make up the North American Marijuana Index. In Part 1, we’ll look at Canopy Growth Corp. (OTCPK:TWMJF), GW pharmaceuticals (NASDAQ:GWPH), Axim Biotechnologies Inc. (OTCQB:AXIM), and United Cannabis Corp. (OTCQB:CNAB). But first, a brief introduction to the marijuana plant.
On April 25, 2017, ASTM International, an international voluntary consensus standards organization, announced that its board of directors had approved the formation of a cannabis committee, signaling the professional development of global standards for the legal cannabis industry.
When it comes to the cannabis industry, it’s difficult to even find an accurate comparison in business. Every business in this industry is effectively a startup in addition to the fact that we’re in one of the newest and fastest growing industries in the world; that makes it like a startup on steroids. To say it’s unpredictable and risky is an understatement.
On April 20, 2017, the National District Attorneys Association announced that it had released “Marijuana Policy: The State and Local Prosecutors’ Perspective,” a white paper that argues federal drug policy should be enforced in state-legal marijuana markets in the United States.