With cannabis legalization coming soon to Canada, a need for testing stoned drivers will become a concern for legislators. Often times drug-impaired cases may get thrown out due to insufficient testing for cannabis use. THC breathalyzers have been tested however few have been effective or conclusive due to several variables such as the time when marijuana was last consumed. With cannabis becoming readily available throughout private or government pot shops, cannabis consumption may be on the rise making a THC breathalyzer a much needed instrument for testing drivers under the influence. British Columbia based Cannabix Technologies (BLO) is a publicly traded company that is leading the race and potentially first to market an effective THC breathalyzer which can become a tool for testing drug-impaired drivers by law enforcement and workplace environments where cannabis usage can be hazardous. They have been sought out by many organizations and law enforcenment agencies to find out about the accuracy and validity of their device. The marijuana breathalyzer developed by Cannabix Technologies will be a handheld device that will detect THC (the psychoactive component in cannabis) using breath samples. Unlike urine tests, this device is non-invasive and can detect usage from days and weeks. As of the date and time of this article, Cannabix Technologies has surged 20% which is one of the biggest spikes seen in cannabis stocks over previous months which saw a stead decline in all cannabis stocks. The recent surge is likely due to the passing of bill C-45 with legalization set for the fall of 2018. Below is the press release from Cannabix Technologies sent out on June 18, 2018: [fusion_tagline_box backgroundcolor="" shadow="no" shadowopacity="0.7" border="1" bordercolor="" highlightposition="left" content_alignment="left" link="" button="" linktarget="_self" modal="" button_size="" button_type="" button_shape="" buttoncolor="default" title="" description="" margin_top="" margin_bottom="" hide_on_mobile="small-visibility,medium-visibility,large-visibility" class="" id="" animation_type="" animation_direction="left" animation_speed="0.3" animation_offset=""] "Cannabix Marijuana Breathalyzer for law enforcement and the workplace, is pleased to report that recent testing with Beta 3.0 has shown the identification and first order separation of two key metabolites of ∆9-tetrahydrocannabinol ("THC"), being 11-hydroxy-delta-9-tetrahydrocannabinol and 11-nor-9-carboxy-tetrahydrocannabinol in standards. In addition, scientists have made significant progress towards using lower flow rates that will become important for user groups with poor lung function. Furthermore, engineers have been testing a new breath capture method that can hold THC breath samples in a stable manner for several days. ∆9-tetrahydrocannabinol ("THC") the main psychoactive component of marijuana is metabolized into and 11-nor-9-carboxy-tetrahydrocannabinol at different rates based on route of entry into the body. Smoked THC is converted predominantly to 11-nor-9-carboxy-tetrahydrocannabinol which is then glucuronidated to a water-soluble form that can be detected in body fluids. Ingested THC is metabolized via the hepatic portal circulation to 11-hydroxy-delta-9-tetrahydrocannabinol prior to oxidation to 11-nor-9-carboxy-tetrahydrocannabinol. The Cannabix FAIMS device coupled to real time switchable mass spectrometry is actively being tuned to detect these key molecules and their complex pathways in the body to enable the identification of recency of use. The recent passing of legislation Bill C-45 by the Senate of Canada and legislative developments in the State of Vermont, have increased the number of inquires for the Cannabix breathalyzer device and the Company has received interest in piloting from both U.S. and Canadian law enforcement groups as well as other organizations that drug test their employees. The Senate Judiciary Committee in the state of Vermont recently rejected a bill to use saliva testing for THC enforcement, amid concerns of scientific validity, accuracy, and infringement on civil liberties. Rav Mlait, CEO, stated, "With the passing of Bill C-45 in Canada the growing problem of drugged driving will increasingly become an issue of paramount concern for federal, provincial and civic governmental officials and the public at large who are concerned about maintaining public safety on our roads, institutions and in our workplaces. A recent study by the Governors Highway Safety Association found that drugs are being detected more often in drivers responsible for fatal crashes. The problem of drugged driving is compounded by lack of nationally accepted method for testing drugged driver impairment. Cannabix Technologies has been at the forefront of research and development in this arena and understands the complexities related to breath testing for marijuana. As the issue of drugged driving becomes increasingly acute, Cannabix is committed to using its technology, R&D and scientific experience to provide effective tools to aid law enforcement and help governments and the public transition to marijuana legalization in various jurisdictions." [/fusion_tagline_box] Investors will definitely want to consider this stock given its recent results announced from their latest press release.
If you've invested your money in November or December then you may have enjoyed a nice return in the cannabis stock market. Unfortunately for most who have invested since the beginning of January have probably seen less of a return or even a substantial loss. Today the cannabis stock market plunged setting some stocks two months ago. This drop shows the real volatility when investing in cannabis. Many investors are optimistic that when marijuana legalization comes all stocks will jump. This has been a pretty rough week for the pot stock market especially in the last couple days. For example, Cronos Group Inc which is one of the more popular stocks had doubled in the month of December but ended the day at $7.74. Quite the drop from $13.68 less than a month ago. Cannabis giants such as Cannopy, Aphria and Aurora also had significant drops around 12%$ while Namaste Technologies which is a cannabis technology company took the biggest hit dropping over 20% in 1 day (February 1, 2018). While some may be hesitant to invest in the cannabis sector others believe it's the perfect time to buy as prices will eventually increase as this downswing is nothing new as prices have yo-yo'ed over the last month of January 2018. Analysts are saying to be cautious when investing as first time investors may be buying during peaks and not to act too quickly when drops occur as they may continue for the next week(s) to come as the cannabis market corrects itself. If you're looking to invest in marijuana stocks, i'd recommend following the Canadian marijuana index which will give you an idea on top cannabis companies and trends. Below is a snap shot from February 1st, 2018.
While most cannabis stocks plunged today there was one stock which finished in the green by healthy 6.9% which is why this is one stock you might want to invest in while its stock steadily grows. ABcann Medincinals Inc, founded in 2014 was one of the first companies in Canada to attain a license for the Medical Purposes Regulations. This company uses an advanced growing technology which yields organically grown, pesticide free and consistent cannabis. Their computer-controlled environment is what will give their cannabis the competative edge at only $1.11/gram. ABCann currently has a 14,500 square foot facility that is completetly open, licensed and operational and another facility in development that will be 150,000 square feet which are both located in Napanee, Ontario. The company also ownes another 65 acres ready for development that can include another 1.2 million square feet. Not only is this company Canadian owned and operated, but it's also moving into the European, Australian and Israeli markets. In just one week the stock has enjoyed a healthy growth from $2.49 to $3.72 per share. If you're looking to enter the cannabis market, this is one company you may want to consider.
[fusion_builder_container hundred_percent="no" equal_height_columns="no" menu_anchor="" hide_on_mobile="small-visibility,medium-visibility,large-visibility" class="" id="" background_color="" background_image="" background_position="center center" background_repeat="no-repeat" fade="no" background_parallax="none" parallax_speed="0.3" video_mp4="" video_webm="" video_ogv="" video_url="" video_aspect_ratio="16:9" video_loop="yes" video_mute="yes" overlay_color="" video_preview_image="" border_size="" border_color="" border_style="solid" padding_top="" padding_bottom="" padding_left="" padding_right=""][fusion_builder_row][fusion_builder_column type="1_2" layout="1_1" background_position="left top" background_color="" border_size="" border_color="" border_style="solid" border_position="all" spacing="yes" background_image="" background_repeat="no-repeat" padding="" margin_top="0px" margin_bottom="0px" class="" id="" animation_type="" animation_speed="0.3" animation_direction="left" hide_on_mobile="small-visibility,medium-visibility,large-visibility" center_content="no" last="no" min_height="" hover_type="none" link=""][fusion_text] Today one of the leaders in the stock market is Cannabix Technologies (BLO) which is a leader in the marijuana breathalyzer development is leading the marijuana stock index with an increase by 18%. As marijuana legalization comes closer there will be a need for law enforcement to test for impaired drivers. [/fusion_text][/fusion_builder_column][fusion_builder_column type="1_2" layout="1_1" background_position="left top" background_color="" border_size="" border_color="" border_style="solid" border_position="all" spacing="yes" background_image="" background_repeat="no-repeat" padding="" margin_top="0px" margin_bottom="0px" class="" id="" animation_type="" animation_speed="0.3" animation_direction="left" hide_on_mobile="small-visibility,medium-visibility,large-visibility" center_content="no" last="no" min_height="" hover_type="none" link=""][fusion_youtube id="W4v1JuXny8g" alignment="" width="" height="" autoplay="false" api_params="" hide_on_mobile="small-visibility,medium-visibility,large-visibility" class="" /][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container][fusion_builder_container hundred_percent="no" equal_height_columns="no" menu_anchor="" hide_on_mobile="small-visibility,medium-visibility,large-visibility" class="" id="" background_color="" background_image="" background_position="center center" background_repeat="no-repeat" fade="no" background_parallax="none" enable_mobile="no" parallax_speed="0.3" video_mp4="" video_webm="" video_ogv="" video_url="" video_aspect_ratio="16:9" video_loop="yes" video_mute="yes" video_preview_image="" border_size="" border_color="" border_style="solid" margin_top="" margin_bottom="" padding_top="" padding_right="" padding_bottom="" padding_left=""][fusion_builder_row][fusion_builder_column type="1_1" layout="1_1" spacing="" center_content="no" hover_type="none" link="" min_height="" hide_on_mobile="small-visibility,medium-visibility,large-visibility" class="" id="" background_color="" background_image="" background_position="left top" background_repeat="no-repeat" border_size="0" border_color="" border_style="solid" border_position="all" padding="" dimension_margin="" animation_type="" animation_direction="left" animation_speed="0.3" animation_offset="" last="no"][fusion_text] Similar to testing for alcohol levels, there is no current method in testing for THC levels which is why many cases get thrown out that involve smoking marijuana and driving. While there is competition in this space with US company Hound Labs, it seems that Cannabix is more likely to win the race being a publicly traded company that has risen from $0.57 to $3.16 in the last 3 months and a likely closer to a solution from its US competitor. The Cannabix breathalyzer is a portable device that will be able to detect recent use of marijuana a within 2 mark. This non-invasive technology is different from other testing methods that involve urine and saliva which have thus far proven to be ineffective. This technology can not only be useful for law enforcement to test THC levels but also for companies to test employees in the workplace where marijuana intoxication is considered hazardous. All companies working on this technology are still in their testing phase however one thing is certain, there is a need for this technology and Cannabix is confident it has the solution. Cannabix has received widespread notoriety being featured on many media platforms including Reuters, CNN, Time, Mashable, VICE and many others. [fusion_images picture_size="fixed" hover_type="none" autoplay="no" columns="5" column_spacing="13" scroll_items="" show_nav="yes" mouse_scroll="no" border="yes" lightbox="no" hide_on_mobile="small-visibility,medium-visibility,large-visibility" class="" id=""][fusion_image image="https://weedlist.ca/wp-content/uploads/2018/01/cnn-weedlist.jpg" image_id="8698" link="" linktarget="_self" alt="" /][fusion_image image="https://weedlist.ca/wp-content/uploads/2018/01/mashable-weedlist.jpg" image_id="8699" link="" linktarget="_self" alt="" /][fusion_image image="https://weedlist.ca/wp-content/uploads/2018/01/time-weedlist-logo.jpg" image_id="8700" link="" linktarget="_self" alt="" /][fusion_image image="https://weedlist.ca/wp-content/uploads/2018/01/vice-weedlist-logo.jpg" image_id="8701" link="" linktarget="_self" alt="" /][fusion_image image="https://weedlist.ca/wp-content/uploads/2018/01/reuters-logo.jpg" image_id="8702" link="" linktarget="_self" alt="" /][/fusion_images] Cannabix Technologies has the patents and the experts that are focused on being first to market and early shareholders may see a nice return if their breathalyzer is the first to market and becomes a standard. 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The following article outlines stocks that are currently under $5/share that have made some significant increases in the last 3 months. While many cannabis stocks have had their ups and downs since the beginning of January these stocks have had a steady climb. While the stock market can sometimes not be forgiving and quite volatile, I believe these stocks might be worth keeping your eye on and/or possibly worth the investment. In my last article I outlined more expensive stocks including Chronos, Cannopy, Aphria, Cannimed & Aurora which have stocks that range from roughly $10-$36/share which have undoubtedly provided investors a handsome return even if you invested only 2 month prior. The stock numbers in this article are in no particular order and based on the date of this articles publication however you can and idea on their upward trends in the last few months in addition to recent increases. 1. Harvest One Cannabis Inc. (HVST) Harvest One is a company focused on both recreational and medical marijuana. It is one of the few companies globally with the capacity to commercially cultivate and sell medicinal grade marijuana in a federally regulated government. Currently the lowest priced stock in my list hovering around $1.92. This stock has risen from $0.66 cents in the last 3 months with a 70% increase in just the month of January 2018. On January 17th this stock was at $1.56 and only 5 days later is at $1.92. 2. Invictus MD (IMH) Invictus was founded in 2014 and is comitted to providing high-quality medical marijuana. All licensed producers operate under the Access to Cannabis for Medical Purposes Regulations (ACMPR) with over 250 acres of production capacity. Invictus is looking to targeting a yield of 76,000 kgs of cannabis and expanding their facilities to 520,000 square feet in 2019. This stock has seen a stead climb from $1.28 to $2.35 in the last 3 months. In the last 5 days this stock has rise from $2.16 to $2.35. 3. Namaste Technologies (N) Namaste Technologies began as an international cannabis eCommerce company operating 32 sites in 20 countries and offering the largest range of brand name vaporizers and smoking hardware products on the market. This stock has skyrocketed from only $0.22 cents to $3.39 in the last 3 months and has risen from $2.90 to $3.33 in just the last 5 days. 4. WeedMD (WMD) WeedMD is a licensed producer of medical marijuana under the Access to Cannabis for Medical Purposes Regulations ("ACMPR") and operates a 26,000 square foot, scaleable, state-of-the-art production facility in Aylmer, Ontario. This stock has seen an risen from $1.05 to $2.73 in the previous 3 months. In the last 5 days it has gone increased from $2.50 to $2.74. 5. Emblem Cannabis (EMC) Emblem Cannabis is a Canadian healthcare and pharmaceutical company founded in 2016. It is led by Big Pharma executives and healthcare executives in a multi-million dollar venture that has uniquely positioned themselves in both the medical and recreational cannabis markets. Their state-of-the-art facility in Paris, Ontario is looking to produce upwards of 16,000 kg of cannabis per year. Emblem has seen a slow rise in the previous 3 months from $1.69 to $2.30 however as of late it's jumped roughly 30 cents in the last week. Keep an eye on Emblem cannabis as it does seem like a promising investment. Honorable Mention - Newstrike Resources Ltd (HIP) Newstrike is the owner of UP Cannabis located in Brantford, Ontario and intends to develop a diverse network of high quality cannabis brands. It's currently awaiting a potential acquisition from cannabis giants Cannimed and Aurora which may have a drastic affect on stock prices. This stock received a lot of notoriety when Canadian band the Tragically Hip announced a partnership with the company. This stock has gone through a roller coaster ride over the last few weeks from as low as $1.12 to $3.20. Today alone this stock has skyrocketed over 50% at one point from an opening $1.56 to a high of $2.20. It's hard to determine what will happen to Newstrike in the coming weeks. Last week there was talk that Newstrike shareholders would receive 33 shares of Cannimed for every 1000 shares of Newstrike which potentially scared off investors. With recent news involving Aurora the stock went on the upswing. This stock has surged from $0.34 to $2.19 in the previous 3 months and $1.66 to $2.19 in the last 5 days. The reason why I haven't included this stock in the top 5 is simply due to its volatility based on the recent weeks while the others saw a steady climb. Conclusion There are no guarantees in any of these stocks as they are calculated predication based on trends alone. As someone said "the stock market giveth and the market taketh". If you've invested in any of these stocks or have any recommendations for stocks in a similar range that you believe are worth investing please leave a comment below. Market Quotes by TradingView
Cannabis will be legalized nationally in 2018 and projected to be a multi-billion dollar industry within its first year. While investing in marijuana companies can carry high risk many have profited considerably from companies whose stocks have skyrocketed in only the last 3 months in some cases yielding in 3-4 figure percentage increases. Despite marijuana still being illegal, there are still plenty of risks when investing in the pot stock market. Many biotech and mining companies have jumped into the pot industry and market saturation may affect stock prices. In this article I'd like to provide recommendations on 5 marijuana stocks to invest in 2018 as well as brief history stock information. While these are considered penny stocks the current stock prices listed below average from $10-$35/share on average. If you have any comments or suggestions regarding hot marijuana stocks please leave them in the comment section below. 1. Canopy Growth Corp (WEED) Canopy Growth Corp (formerly Tweed Marijuana Inc.) is located in Tweed, Ontario. This diversified company is focused on producing both medical and recreational marijuana in the Canadian market. It currently yields 3,540 Kilos of marijuana per year within it's over half million square foot indoor greenhouse. Canopy has partners with some of the top leading names in the marijuana sector including Snoop Dogg, DNA Genetics, AusCann and Indoor Harvest. Currently Canop's stock is currently at $37.48 per share from $12.76 exactly 3 months ago. 2. Chronos Group Inc. (MJN) Chronos Grop Inc (formerly PharmaCan Capital Corp.) is another licensed medical marijuana producer in both medical and recreational marijuana. Chrons is looking to yield up to 40,000 kilos before 2019 from its current 5,000 kg/year. This has been an extremely strong stock and has risen from $3.33 to it's current $9.94 per share. In the last 3 months it has peaked at over $14/share in January 2018. 3. Aurora Cannabis (ACB) Aurora Cannabis (formerly Prescient Mining Corp) is definitely one of the biggest players in the marijuana sector. Aurora has received it's license to sell cannabis oil in January 2017. This pot company is focused on selling dried medical marijuana. Located in British Columbia, Canada; Aurora has a 55,200 square foot facility which yields almost 6,000 kilos of dried cannabis from January 2016-January 2017. This stock has skyrocked 451% over the last year and has risen from $2.82 to $13.48/share in the last 3 months making this stock a very worthy investment. 4. Aphria (APH) Aphria considers itself one of the lowest cost producers of cannabis. The stock surged after an announcement that it was going to be a supplier for Shoppers Drug Mart. Aphria will have access to almost 1,400,000 square feet of greenhouse and aims to become the top producer of affordable marijuana with 220,000 kilos of annual cannabis by 2019. This stock has currently at $22.19/share from $6.94/share 3 months ago. 5. Cannimed Therapeautics Inc (CMED) Cannamed is a bio pharmaceutical company that specializes in pharmaceutical grade marijuana such as oils, dried cannabis and vaporizers. The company operates two facilities in both Michigan and Saskatchewan which total 247,000 square feet. The current stock is $34.77/share and has risen from $11.75 in the last 3 months.