Not surprisingly, Canadian pot stocks have been the top performers of late, with Canopy Growth Corp. (NASDAQOTH:TWMJF), the now-largest marijuana stock in the world by market cap, leading the charge. On Tuesday morning, Nov. 14, Canopy wowed investors once again by reporting its second-quarter operating results for fiscal 2018. And while the company did report a net loss of $0.01 per share, reversing a year-ago profit of $0.05 per share, it more than made up for it in a number of other respects.
Baby boomers have become a growing market segment in the legal cannabis industry as the acceptance of medical cannabis treatment continues to spread across the world, and now it appears that medical cannabis treatment may offer senior citizens a safer alternative to opioids in the treatment of chronic pain.
With Canadian cannabis legalization slated to commence this summer, Ontario has been proactive in its preparations, being the first province to issue its market regulations and now announcing a partnership with a popular ecommerce platform based in Ottawa to run mobile and online cannabis sales in the province.
In a municipal move signifying the dying war on drugs, the city of Seattle is going to vacate convictions and dismiss charges for marijuana misdemeanors. Former U.S. Attorney and Seattle Mayor Jenny A. Durkan and City Attorney Pete Holmes made the announcement during a press conference on Feb. 8, 2018.