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3 Cannabis Stocks To Watch In July 2021

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While investors wonder why stocks have fallen this week, some would now see buying opportunities in the stock market. Cannabis stocks might be worth a look now. With more federal laws supporting both the medical and recreational markets, the industry is now firing on all cylinders. Obviously, 18 states now allow the recreational use of marijuana by adults, while twice as many laws have been passed legalizing medical use. Does this mean that the industry has more room for further growth?

Well, Jefferies (NYSE: JEF) investment bank seems to believe so. Yesterday, analyst Owen Bennett started reporting on several cannabis companies, each with a buy rating. Among those he treated were Cresco Labs (OTCMKTS: CRLBF), Green Thumb Industries (OTCMKTS: GTBIF), and Trulieve Cannabis (OTCMKTS: TCNNF). It is noteworthy that, among other things, these stocks are currently posting gains of over 170% over the past year. However, Bennett argues that by then the value of some could double over the next year. In his words, “We believe this is a generation wealth opportunity with potential 12-month average expected gains across our entire coverage being over 100 percent.” Additionally, the company currently estimates that the U.S. cannabis market could be worth $ 64 billion by the end of the decade.

By and large, the cannabis industry continues to gain momentum regardless of stock performance. As the broader stock market retreats today, some top cannabis stocks could trade at more attractive valuations. With that in mind, could one of these cannabis players be your next big investment?

The best cannabis stocks to buy [Or Sell] In July

Canopy Growth Corporation

We’ll take a look at Canopy Growth Corporation (CGC) in a moment. In short, CGC is a diversified cannabis and cannabinoid based consumer products company. The company offers a wide range of products for both the recreational and medical markets. On the one hand, it markets high quality dried flowers, infused beverages, edibles and even vaporizers for adults. On the other hand, CGC also operates through its global medical marijuana brand, Spectrum Therapeutics. Through Spectrum, the company sells a range of medicinal cannabis products such as softgels, THC oils, and CBD oils. CGC estimates that Spectrum is the market leader in both the Canadian and German medical industries.

Given the impressive portfolio, I can understand if investors are interested in CGC stocks right now. Despite all of this, the company’s stock has been trading at a loss since the beginning of the year. Regardless of this, CGC continues to strengthen and expand its services. Just last month the company completed the acquisition of The Supreme Cannabis Company (Supreme). Well, to emphasize, the acquisition would give CGC access to Supreme’s global diversified medical cannabis portfolio. In addition, CGC would also purchase Supreme’s low-cost, scalable cultivation facility in Kincardine, Ontario. It’s safe to say that this is an important step by CGC on the operational front.

Overall, David Klein, CEO of CGC, believes the move will strengthen CGC’s leadership position in the Canadian recreational cannabis market. He names the addition of Supreme’s premium product brand 7ACRES as a key growth driver for CGC’s premium product segment. All in all, are you going to add CGC stocks to your portfolio?

Source: TD Ameritrade TOS

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Hexo Corporation

After that, we have an award-winning licensed manufacturer of innovative products for the global cannabis market, Hexo Corporation. Similar to our previous entry, Hexo now also has significant activity in both the adult use and medicinal cannabis markets. On the consumer side, it works through its brands HEXO, UP Cannabis, Namaste and REUP, among others. In terms of the medical consumables business, Hexo primarily serves the Canadian, Israel and Malta markets. Not to mention, it also serves the Colorado market through a joint venture operation with Molson Coors (NYSE: TAP). This company mainly markets its goods through the high-quality Powered by HEXO brand.

With the closing bell on Thursday, the HEXO share expects growth of over 26% since the beginning of the year. Could it have more room for further growth? If anything, the company is now working hard to expand its presence in the US market. Last week Hexo announced the successful purchase of its first US manufacturing facility. Specifically, it now owns a 50,000 square foot facility in Fort Collins, Colorado. This would be a smart move by Hexo. Accordingly, the strategically located facility would continue to support its current and future US operations. In particular, Hexo also notes that the facility is capable of producing its full line of cannabis products and has a wide variety of operational options.

In addition, this move follows the recent acquisition of Zenabis Global Inc., a Canada-based breeder of medicinal and recreational cannabis. All in all, Hexo seems to be in full swing across the board. Given the company’s current momentum, would you consider HEXO stock a top buy right now?

Cannabis stocks (HEXO stock)Source: TD Ameritrade TOS

[Read More] The best stocks to buy right now? 5 Aerospace Stocks You Should Know About

Curaleaf Holdings Inc.

Another top name in the cannabis industry to know by now would be Curaleaf Holdings Inc. First of all, the company manufactures and sells cannabis throughout the North American region and operates pharmacies in over 20 states. At the same time, Curaleaf has a massive delivery and distribution network in Europe under its Curaleaf International division. In fact, it is now the largest vertically integrated cannabis company in the European market. All of this makes Curaleaf a leading international provider of consumer cannabis products. Now that CURLF stock has risen over 130% over the past year, could it have any more headroom for the future?

That remains to be seen, but it is clear that Curaleaf does not remain idle. This is evident as the company rolled out two major operational updates this week. On the one hand, Curaleaf has been cooperating with Agrify Corporation (NASDAQ: AGFY) since Tuesday. The duo are now part of a long-term research and development partnership exploring ways to refine growing techniques. Given Agrify’s experience as a developer of world-class cannabis growing solutions, this seems like a win for Curaleaf. CEO Joseph Bayern sums it up best: “We believe this research will help further improve our understanding of the conditions necessary to optimize a plant’s genetic potential.”

Second, the company’s Curaleaf International unit is now making waves in the Israeli market. As of yesterday, the company had exported over a ton of medicinal cannabis to BOL Pharma in Israel. To explain, BOL was among the first licensed medicinal cannabis growers in the region. Given the current strong partnership between the two, Curaleaf’s presence in the Israeli market would now be remarkable. Will you be investing in Curaleaf stock as Curaleaf seeks to improve its business on multiple fronts?

best cannabis stocks (CURLF stock)Source: TD Ameritrade TOS

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.

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CBD Kratom Heads West in New York City

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NS. LOUIS, December 3, 2021 / PRNewswire / – CBD Kratom will open its fifth New York City Store at 2039-B Broadway on the Upper West Side with a soft store opening scheduled for today, 3rd of December followed by an official grand opening event on 10th of December. CBD Kratom is the largest privately owned cannabis and kratom retail chain in The United States.

CBD Kratom looks forward to planting roots in the Upper West Side and joining what is considered one of them New York City best neighborhood.

“The iconic Upper West Side is an ideal neighborhood for us as we continue our expansion into New York City“Said Ocean Cohen, Director of Retail Growth and Development at CBD Kratom. “By adding THC-O to our line of products along with a store in the Upper West Side, we can reach even more people who are looking for wellness solutions. The neighborhood has a relaxed atmosphere and customers will find the same welcoming atmosphere in our store. “

CBD Kratom entered the new York Market on April 20th, the official holiday of the cannabis industry. The company now has branches at the following locations:

  • Chelsea on 20th of April
  • Lenox Hill in the Upper East Side May 20th
  • Flatiron in the Flatiron District on October 1
  • Midtown Times Square on November 4th
  • Upper West Side 3rd of December

With five locations already, CBD Kratom is huge New York City The expansion is far from complete, with three more stores scheduled to open in SoHo, the Financial District and the Upper East Side in early 2022.

Since opening its first store in 2016, CBD Kratom has expanded rapidly with 47 locations in six major cities across the country: Chicago, Dallas, Houston, New York City, Philadelphia and St. Louis. The company offers more than 600 cannabis products, including CBD, THC-O, CBG, other cannabinoids and more than 50 types of pure kratom and specialty kratom products.

Known for their excellent and bespoke customer service, the fully trained staff at CBD Kratom help customers find the right products for their specific needs.

“Grow ours New York City The footprint is critical and the Upper West Side gives us a significant increase in reach and visibility, “said Cohen.” It’s a diverse neighborhood that attracts a lot of people and we look forward to introducing ourselves and our products to them. In our branches we make sure that everyone finds their fit so that they can sleep well, wake up well and live well. “

ABOUT CBD KRATOM:

CBD Kratom aims to help customers live healthy and fulfilling lives. With a wide range of products including edibles, topical creams, oils, skin care and pet treats, customers are guaranteed to find the right product for their individual needs. CBD Kratom has 47 retail locations across the board Chicago, Dallas, Houston, new York, Philadelphia, and St. Louis. Visit shopcbdkratom.com for more information.

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/cbd-kratom-heads-west-in-new-york-city-301437294.html

SOURCE CBD Kratom

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Access to medicinal cannabis an issue for both patients and suppliers

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OPINION: I was lucky enough to spend a few days in the South Island last week, translating an old car from Timaru to Wellington.

Not only did I get to enjoy some of the South Island’s god-given macadams in a 40-year-old GT car, but I also gave myself the chance to stop by some old friends. One of them was Dion, an old family friend who lives in a senior village outside Christchurch.

Dion led an active life and spent 50 years farming in Canterbury and the highlands. He’s a good rider and an even better fisherman, which he did for the next 20 years.

From the rakaia salmon to the monster trout at Benmore and Whitebait Runs in Haast, he survived two wives and had to move to a senior citizen village a few years ago at the age of 88 and suffered from back pain and arthritis physical life as a result of his life.

CHRISTEL YARDLEY AND CHRIS MCKEEN

With the help of donations, Karen and Adam Jeffries buy medicinal cannabis products to help their daughter Zoe control her seizures. They were shocked by some of the prices charged. (Video first released on December 4, 2020)

CONTINUE READING:
* Cannabis use without a prescription is still a crime despite an extenuating stance, experts warn
* Medical cannabis company Taranaki debuts on NZX
* AUT announces research into next generation medical cannabis
* Department reviews regulations as companies fear bankruptcy amid slow-moving medical cannabis program

But what was really difficult for him was the loss of his independence. He made a poor invalid. This resulted in him suffering from panic attacks and high blood pressure. With the help of a few professionals, he tried a variety of antipsychotics to catch up with him. But the side effects were harsh and they didn’t seem to work.

He suffered a panic attack earlier this year when a couple of younger friends visited him. One of them took cannabidoil (CBD) to help her sleep and offered Dion a dropper of the olive oil-like compound.

Doctors are still very careful about prescribing CBD oil.

Unsplash

Doctors are still very careful about prescribing CBD oil.

Although Dion had always enjoyed Speights and a bottle or two of Highland Park, he had never tried cannabis (in any form) in his life. But he thought “what the hell” and stuck the pipette full under his tongue.

Within minutes he began to calm down and control his breathing. He guesses that it was like the scary fog cleared and the sunlight came through.

Dion then went to get some CBD oil. The nursing home was prudent and uniformed. So he went to his doctor. She was also careful as she had never prescribed anything before.

She was in good company. According to the New Zealand Medical Journal, 79 percent of New Zealand family doctors have concerns about prescribing medical cannabis. And it’s not surprising.

Medicinal cannabis plants grown in a high security facility.

DOMINICO ZAPATA / STUFF / Waikato Times

Medicinal cannabis plants grown in a high security facility.

Doctors have little solid research on the benefits of CBD oil (or tinctures or creams) and have a legal and ethical obligation not to cause harm.

Dion then spoke to the local chemist. He was surprised to find the chemist was happy to supply it after finding an approved supplier shortly after the medical cannabis program went into effect last April.

An old hippie neighbor at the nursing home told Dion she could pair him up with the local “green fairy”, but that sounded questionable. And Dion is not a seedy man.

In the end, he found a doctor in Wellington who was among the 21 percent of doctors who were happy to provide medicinal cannabis to patients, and he specifically thought that CBD oil could help Dion and not negatively affect the other drugs that he took, would react.

Mike O'Donnell:

Kevin stent / stuff

Mike O’Donnell: “According to the New Zealand Medical Journal, 79 percent of New Zealand general practitioners have concerns about prescribing medical cannabis.”

A Zoom consultation then resulted in the CBD doctor writing to Dion’s doctor and the nursing home endorsing an initial 25 milliliter bottle. And finally Dion got his dope bottle.

The good news is that it assumes it will work and with no side effects. The bad news is that this process took most of three months to complete.

This is bad for the patients and bad for a young local industry in which around 40 companies are trying to gain a foothold.

If you or someone you know thinks that CBD oil could help with pain management, mental health, or insomnia, what’s the best approach? From what I’ve been able to find out, there are four basic steps.

Do your research first. Find solid evidence that CBD (in a specific format) combats the symptoms or the cause of the disease. Also speak to local pharmacies to confirm they have access to the products.

Local medical cannabis company Ora Pharm offers an online portal that is helpful for making evidence-based decisions about the use of medical cannabis. There’s also a pretty handy app out there for incorporating CBD oil into your overall health care routine.

Second, email your GP with the results of your research and your desire to test the drug. Note that for a year now, medical cannabis in the form of CBD has been able to be prescribed for medical conditions. Make it clear that you are not looking for products that contain THC.

PRIME

The cultivation of dope follows New Zealand-based medical cannabis company Rua Bioscience.

Third, make an appointment with this family doctor to clarify your case. Probably a double appointment so that the discussion is not rushed. Everything is going well, they will agree to a little test so see how it goes.

If your general practitioner is not convinced that it is in your best interests, find another general practitioner. Right now I can’t find a website that will do this for you. So you have to do a little research online or chat with the Medical Cannabis Council.

He’s no fool, but dear old Dion thinks this stuff works. And he’s not the only one.

Now the only thing left is for the system to normalize to ensure that patients receive the benefits and that the young local industry can go on and thrive.

– Mike “MOD” O’Donnell is a professional director, writer, and host. His twitter handle is @modsta and he prefers Highland Park Hooter.

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Wayne County hemp growers hope to expand Ohio cannabis operation

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WEST SALEM – When brothers Shawn and Josh Cutter suggested growing hemp on their traditional family farm in 2019, their sister and mother weren’t convinced it was the right move.

Their 500 acre farm produced crops such as alfalfa, corn, and soybeans for decades, so adding a new plant with little knowledge of it was a gamble, but the family was quickly influenced.

At the time, Ohio Governor Mike DeWine had just passed legislation legalizing low-THC (less than 0.3%) hemp – the main psychoactive compound in cannabis – and opening a new market in Ohio.

A look back:Ohio Governor Mike DeWine signs law to legalize CBD and hemp. What happens next?

Once legalized, the brothers and their sister built the necessary greenhouse and facilities to grow, dry, and grind hemp flowers, making Cedar Valley Growers the first hemp farm in Wayne County.

“We were concerned about the perception of growing cannabis, but the more we learned about it, the more we knew about its benefits and differences,” said Shawn Cutter, chairman of Cedar Valley Growers. “Now we want to educate the people in our community about hemp and help to destigmatize hemp.”

Two years later, the family succeeded in making this move and recently became a member of the Wooster Chamber of Commerce. They also have plans to expand operations to Back Orrville Road, Cutter said.

This expansion would help the farm produce more cannabidiol, or CBD, products such as gums, lotions, and electronic cigarette cartridges that can be purchased from the Cedar Valley Growers website or from small businesses in Wooster.

What is the difference between marijuana and hemp?

While marijuana is illegal in Ohio, its medicinal strains and hemp are not.

The main difference between medical marijuana and hemp is the content of the psychoactive compound THC or tetrahydrocannabinol, according to the US Department of Health. This compound is highly regulated in terms of the “high” it can produce.

In Ohio, hemp products are limited to 0.3% THC concentration, while medical marijuana can contain 35% THC, according to the Ohio Medical Marijuana Control Program.

Medical marijuana:Buckeye Relief is searching Wooster for its newest medical marijuana dispensary

Cannabidiol, or CBD, is a second major ingredient in hemp and medical marijuana. Unlike THC, CBD itself does not cause a “high,” according to a Harvard Health article published in September.

“In humans, CBD shows no effects that indicate potential for abuse or dependence,” said a 2017 report by the World Health Organization. “To date, there has been no evidence of public health problems associated with use of pure CBD. “

Hemp products, such as those sold by Cedar Valley Growers, contain low levels of THC, while Ohio has no ownership restrictions on CBD.

Oil is extracted from the hemp flowers to make products.

2020 was a year of hurdles for Cedar Valley Growers

Despite their early entry, Cedar Valley Growers’ first year of hemp production on a largely outdoor operation was fraught with hurdles. In a country flooded with agricultural expertise, there was an information drought on cannabis cultivation.

Through Josh Cutter’s research, the family gained much of their knowledge from Oregon and Colorado, where hemp has been legal since 2010 and 2014, respectively.

“It took a lot of trial and error and educated guessing the first year,” said Cutter.

Labor shortage:Substitute Teachers Wanted: How New Law Will Help Ohio Schools Address Labor Shortages

One of the first challenges was building a facility that could dry nearly 10 acres of hemp plants without collapsing.

“We hired a man to design a drying line, but it turned out he didn’t know what he was doing,” said Cutter.

Left with a 13,000-square-foot warehouse full of heaters, Cutter had to redesign the drying method. He made rows of poles that were attached to the ceiling from a leftover oil pipe, from which the plants were hung to dry.

“We weren’t sure the structure would hold because so many plants are heavy, but the plants lose a lot of moisture on that first day,” he said.

“This stigma can be broken”:Ohio Veteran Promotes Medical Marijuana as Bill Aims to Expand the Program

While this structure held up, the machine he bought to pluck flowers from the plant was too small, so he improvised.

Now they are using a mechanism with street cleaner brushes to pull the flowers off, he said. Then the product is ground through a dairy feed mill before being packaged.

Once in a container, they ship it out of state to extract the CBD in a white powder form called isolate.

Kristin Anthony, Shawn Cutter and Josh Cutter are standing in their greenhouse with 30-day-old hemp plants.  Soon these plants will bloom.  After three months in the greenhouse, they are harvested, dried and ground.

An unexpected first harvest

That first 2020 harvest was messy, recalls Kristin Anthony, Cedar Valley Growers’ chief executive officer.

They had planted 10 acres for three months of summer, and when it was time to harvest the farm-quality harvester was pulling too many weeds.

“We didn’t take proper precautions with the weeds,” said Anthony, Shawn and Josh Cutter’s sister. “So we had to do everything by hand.”

For the harvest, she has expanded her eight- to nine-person team by 20 to 30 temporary workers. People from all over the county, including family and friends, offered to help out as seasonal workers, Anthony said.

For subscribers:Medical marijuana users say prices are too high in Ohio

“The tide of support for this harvest has been incredible,” she said.

To harvest the nearly 10 acres of hemp, each worker chopped and slashed the plants with machetes and even a samurai sword or two, according to Shawn Cutter.

It was backbreaking work, Cutter recalled.

“I hope we don’t have to do this again, but we are taking the right precautions now,” he said.

“We want to help people understand that these products are safe and very useful”

Despite a difficult first year, the family managed to find a rhythm.

Hemp is produced outdoors seasonally and indoors all year round.

While their first greenhouse crop produced eight pounds of usable hemp, they’ve since had five crops that are over 70 pounds each, Josh Cutter said.

To make sure they comply with Ohio’s THC regulations, test their crops regularly. If you’re “too hot” or have too much THC, they have to burn it, Cutter said.

A look back:Ohio’s marijuana legalization move gains a boost as the attorney general approves the language for the law

“Now we understand what causes THC fluctuations,” he said. “We believe it has to do with the amount of fertilizer, the type of fertilizer and the amount we pour.”

Too much or too little water can stress the plant, forcing it to produce more THC, said Shawn Cutter.

Hemp plants are also more sensitive to soil nutrition, Cutter said, so they monitor the soil used for growing hemp more than they do for their traditional crops.

To ensure maximum efficiency, they grow hemp from seeds in a warehouse to a height of about a foot before placing the plants in the greenhouse to complete ripening.

Medical marijuana from Ohio:When licenses change hands, large companies get bigger

“We set the time so that after one crop is harvested, we can put the next crop in the greenhouse for three months before it is harvested,” said Josh Cutter.

With their cultivation methods largely decoupled, Anthony’s biggest goal is to expand their West Salem operations with a CBD extraction facility and a packaging and delivery warehouse.

But in the meantime, she hopes to expand her product line and have a greater presence in the community.

“We want to help people understand that these products are safe and very useful,” said Anthony.

Contact Bryce at bbuyakie@gannett.com

On twitter: @Bryce_Buyakie

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