Cannabis In Canada Market Overview October 2016
The Canadian cannabis sector continues to be blazing hot over the last year, especially in the last 2 months. The following chart shows the performance of the Canadian marijuana sector in general, the Marijuana Index Canada contains a list of 10 publicly traded Canadian companies in the space, their stock prices and market caps. Just looking at this chart, there has been a parabolic rise in share price since May of this year. Most parabolic rises like this are usually followed by a correction and then a basing period before any further advances can be made. The chart does show a clear break out and passed overhead resistance, this means we are in a new bull market for cannabis stocks in Canada. We will provide an update on the American cannabis sector shortly.
Currently licensed producers can only sell medical cannabis to...
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