2018 started off where 2017 left off with lifechanging single day returns but that would not last. On January 3, USA Attorney General Sessions rescinded the Cole Memo and replaced it with guidance with respect to investigating and prosecuting “marijuana activities”. The level headed recognized the potential benefit of this because it is believed prosecutors will focus on businesses and individuals not in lawful compliance with State law. This acted as a catalyst here in Canada to throw water on an overheated sector. I explore this change in US policy in my article within as well as in my USA edition’s article. This change in policy is a prime example of Ecoforming – a sudden shock to the industry. We agree with this perspective and if it pans out the bull market for the Canadian industry could resume. I encourage you to also read CannaRoyalty Corp’s comments on this event.
2017 ended with an expected increase in M&A activity that should continue for some time.
The CannaInvestor Magazine team is excited for 2018 and we are humbled by the success that the magazine has become by investors and industry leaders alike.
Remember now is the time to plan your 2018 strategy.
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We may have coined referring to this industry as a vibrant ecosystem undergoing constant transformation (Ecoforming) but little did we know how widely accepted these concepts would become and just how true they were as demonstrated by the news that Aphria will supply Shoppers Drug Mart once the latter has its Health Canada license.
As predicted, there has been a flurry of new companies and M&A activity as the industry grows and matures. As part of the natural growth we are also seeing the sun set on paid stock promoters.
From all of us to all of you, thank you. Without you we would not be a leading source for investment information and B2B.
Wishing all of you Seasons Greetings and see you on the other side!
Editor