Why The Canadian Marijuana Market Is Blooming Amid Uncertainty In The U.S.

Alan Brochstein, founding partner at New Cannabis Ventures and founder at 420 Investor was a guest in Benzinga’s PreMarket Prep show this week and shared some insight into the cannabis industry going into 2017.

The Situation In The U.S.: A Tale Of 2 Cities

“We’ve thrown a real curve ball,” he commenced. “[A couple of months ago], I think everybody believed Hillary [Clinton] was going to get elected. That didn’t pan out and there's some big implications.”

However, he added, state elections “couldn’t have gone any better. Florida voted to go legal for medical reasons [getting a] 71-and-a-half percent margin of victory. And, of the five states that were going just legal, only Arizona failed. So, we got Massachusetts, which is the first big East coast state. Maine just squeaked by, so, another East coast state. The biggest of all, California, [was also seen] going legal; and then, Nevada as well. So, it was kind of a tale of two cities: best times, worst of times. The best times, all the states going legal; worst of times, very uncertain about what's going to happen going forward, and this is something that really hurt the market.”

“I don't think there's a problem with Donald Trump per se,” he supplemented. “It's not a big issue of his, and one of the first things he did was a point Jeff Sessions his attorney general, and I don't think you can pick a bigger hater than that guy.”

The Canadian Market

With such high uncertainty in the United States, should investors turn to the Canadian market?

“This market had just an incredible year,” Brochstein pointed out. “I have been very bullish on the sector, and it was like a light bulb went off a year ago when Justin Trudeau got elected; it was obvious that this is going to a game changer.”

“For those that aren't familiar, Canada has the only federally legal medical cannabis program in the world right now, or at least, you know, in a large country, and Germany may be joining them next year,” he explained. “But they're moving towards full legalization, which is a really tricky thing because that's really against the United Nations treaties, so we'll see how that plays out. But, Canada's in this very interesting position where you have a limited number of producers [...] there's now 37 licenses that have been handed out.”

Brochstein recently published an article titled "Why Cannabis Investors Prefer Canada," in which he explicated why “it’s just so much easier to operate when you're federally legal and I pointed some tax issues as being a really important part of it [same as the access to capital].”

“These companies raised over 500 million Canadian [dollars] through equity and equity warrant offerings, and that doesn't even include some of the warrant exercises. So, in the United States, [we saw] about 375 million dollars' worth of capital raised.” Canada’s medical program “is zooming.”

In part two of this interview, Brochstein discusses Canadian stocks to watch and the anticipated licensing explosion.

Posted In: 420 investorAlan BrochsteinCanadacannabisDonald TrumpmarijuanaLong IdeasNewsPoliticsTopicsLegalTrading IdeasInterviewGeneral

11 Best Black Friday Deals on Amazon

11 Best Black Friday Deals on Amazon

The best Black Friday deals from Amazon are still coming hard and fast because the holiday is not yet upon us and the mega-retailer prefers to keep consumers on the hook for as long as possible—spending as much money as possible. 

To that end, here are some of the best Black Friday deals from Amazon that you might want to consider today.

Calphalon 10-Piece Pots and Pans Set

Regular Price: $172

Sale Price: $138.88

Calphalon’s 10-Piece Pots and Pans Set is designed with stainless steel, stay-cool handles along with pour spouts. The nonstick surface is PFOA-free and built with hard-anodized aluminum that is both durable and conducts heat extremely well. The set includes 2 fry pans, a sauce pan with cover, saute pan with cover and large stock pot with cover.

Apple AirPods 2nd Generation

Regular Price: $144

Sale Price: $85.49

The 2nd Generation AirPods from Apple connect to all Apple devices and give you an enhanced listening experience. Plus, they come with a case that keeps them safe and allows you to charge them in a secure environment. With over 24 hours of battery life, access to Siri and easy setup, you can start listening to your favorite tunes or podcasts today.

Adidas Ultraboost 21 Running Shoes

Regular Price: $129.98

Sale Price: $89.98

The Adidas Women’s Ultraboost 21 running shoe is perfect for anyone who likes a short run, maybe a 5K, half marathon or more. Coming in several colors and styles, you can slip these shoes on, enjoy the cushioned outsole, sink into the supple insole and secure laces.

Ninja AF101 Air Fryer

Regular Price: $129.99

Sale Price: $97.83

The Ninja AF101 Air Fryer allows you to crisp, roast, reheat and even dehydrate food products faster and cheaper than ever before. It has a 4-quart capacity and offers a wide temperature range along with several time settings so that you can customize each dish to your needs. Plus, all the parts are dishwasher safe.

Beats Solo3 Wireless On-Ear Headphones

Regular Price: $199.95

Sale Price: $99

Beats by Dr. Dre are among the best headphones on the market, and the Solo3 Wireless On-Ear Headphones include the Apple W1 chip, Class 1 Bluetooth and 40 hours of battery time. These headphones even have a built-in microphone and offer an adjustable fit so that you can be comfortable whether you’re listening to an Android or iOS device.

Hoover Power Scrub Deluxe Carpet Cleaner

Regular Price: $198.98

Sale Price: $175.98

The Hoover Power Scrub Deluxe Carpet Cleaner allows you to keep your home spotless and clean up after your pets. The cleaner comes with the Hoover Paws and Claws Deep shampoo and a storage mat to keep the floor dry once it’s put away.

LG CordZero Auto Empty Cordless Stick Vacuum

Regular Price: $999.00

Sale Price: $851.71

The LG CordZero Auto Empty Cordless Stick Vacuum and Wet Mop All in One Tower is designed to work in homes with several pets or children and clean up all the messes that life brings. The battery lasts up to 2 hours, and there’s an extra removable battery that gives you even more cleaning time and power.

Breville Fresh and Furious Blender

Regular Price: $278.60

Sale Price: $199.95

Breville, a top name in blenders and juicers, offers the Fresh and Furious Blender, featuring 50-ounce capacity, Vac Q technology, pre-programmed cycles, LCD display and lid with pull ring. With the Fresh and Furious Blender, you can make everything from a smoothie to a soup and everything in between.

Hot Tools Professional 2000 Turbo Ionic Hair Dryer

Regular Price: $89.99

Sale Price: $55.63

The Hot Tools Professional 2000 Turbo Ionic Hair Dryer is designed for professional use, but it works perfectly in the home. With 1875 watts of power, 6 heat and speed settings and a lightweight design, you can easily style your hair and utilize the diffuser, cut back on the frizz and stretch the 8 ft cord for maximum functionality.

Columbia Heavenly Long Hooded Jacket

Regular Price: $160

Sale Price: $97.38

The Heavenly Long Hooded Jacket from Columbia is designed to be light for everyday use, but it’s heavy enough to protect you from the cold. The plush fleece lining, security pocket, water resistant fabric, 2-way zipper, and zippered hand pockets make the jacket both protective and functional.

ConAir InfinitiPro Hair Dryer

Regular Price: $49.99

Sale Price: $29.99

ConAir is one of the biggest names in hair and beauty, and the InfinitPro is an 1875 watt hair dryer designed for professionals with ceramic technology. The dryer comes with a diffuser and concentrator, and it allows you to blow out your hair just the way they would at the salon.

Deals the Experts Are Hoping For

Experts believe that Amazon’s Black Friday sale could linger for quite some time. It all started with the Prime Early Access sale on October 11 and 12. Previously, Amazon has offered the “Epic Deals” sale that ran through late October. 

This is to say that any sale could come up at any time. 

Even so, those monitoring Amazon are looking forward to a few potential deals, including:

  • Apple Watch
  • AirPods (any generation)
  • MacBook Pro
  • Large, underpriced TVs
  • Amazon Echo
  • More small home appliances (Dyson or Shark vacuums, Instant Pots, etc.) 

While these predictions are based on last year’s Amazon Black Friday Sale, it’s important to remember that most Black Friday sales are fairly consistent and push the products that are most likely to sell.

 

Featured image sourced from Shutterstock

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