Shares of companies involved in the cannabis space have gained more than 130 percent in Australia stock markets this year – six times higher than their peers in Canada and the U.S., according to a Bloomberg report. The boon comes after the Australian government announced they would begin implementing a medical cannabis importation system and access program.

In Australia, cannabis industry operators have an average market capitalization of A$80 million (~USD$61 million) – counting the 136 percent increase this year, according to a Bloomberg index. By comparison, that index shows the global cannabis market returns at about 20 percent.

Niv Dagan, an executive director as Peak Asset Management, said he has a fraction of his A$100 million (USD$76 million) fund invested in cannabis stocks.

“The market is excited by the potential upside it could bring,” Dagan said in the report. “The key risk we see is obviously regulatory risk.”

Currently, only Queensland allows medical specialists to prescribe cannabis to patients who do not respond to conventional therapies. Earlier this month the Department of Health’s Office of Drug Control granted its first license to grow and harvest medical cannabis to Victoria-based Cannoperations Pty Ltd.

According to the report, The Hydroponics Co. Ltd, an Australian lighting rig and greenhouse manufacturer specializing in cannabis plants, is raising money for its initial public offering next month. The A$8 million share sale is already three times oversubscribed.

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    PayQwick’s mission is to bring well-established, proven payment processing, regulatory compliance and banking services to the licensed recreational and medical marijuana industries, thereby reducing the risk of violent crime, illegal money laundering and violation of state marijuana regulations. PayQwick serves state licensed Producers, Processors, Wholesalers, Distributors, Dispensaries and Retailers.

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    Our mission is to help Cannabis owners save money! We accomplish this through a myriad of ways that includes strategic tax planning, proper GAAP cost accounting, and comprehensive back up documentation and work papers. Your success is our success! Our goal is to exceed your expectations through our qualitative expertise and outstanding customer service in the cannabis space.

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    DispensaryPermits.com offers “seed to sale” consulting services with hands on support to medical marijuana entrepreneurs. Whether you are looking to break into the industry or you have previous experience with owning or operating a dispensary, cultivation, manufacturing or testing facility; our custom crafted solutions provide support and guidance for both novice and expert medical marijuana entrepreneurs.

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    TRIM Media House is a full-service digital marketing agency with a heavy focus in visual content creation, website design, photography, and videography. If you are trying to navigate the digital arena when it comes to your brand, we would love to talk to you!

  • Releaf App

    Releaf App is a patent pending mobile app that enables patients to track their live sessions with cannabis and record exactly how it’s helping them. It then provides intelligent reporting to help patients learn what types of cannabis and intake methods are working best in treating their symptoms. Patients can share these reports with doctors and/or budtenders to discuss their treatment and identify their best options.

  • Craft Cannabis Marketing

    We offer two decades of experience providing advertising, branding, and web design solutions to the most recognizable brands from around the globe. Simply put, we decided to take the expertise we gleaned working with big-name companies you know and love and bring it to the emerging cannabis industry. We’re more than a mere agency – we’re cannabis advocates.

  • eBottles 420

    The ultimate online resource for packaging supplies: we offer multiple options for every item you would possibly need, from vape cartridges to concentrate jars to child-resistant bottles.

  • HappyChap Creative

    An upstart design/build/create/help/strategize agency based in the Pacific Northwest. We help good people & companies get the recognition they deserve through clever, honest communication and the right look. We love working with cannabis brands who set a high bar for quality and who emphasize the positive impact that cannabis legalization will have on the world.

  • Viridian Staffing

    Founded in 2013 and dedicated solely to all sectors of the cannabis industry (Medical, Adult Use, Industrial Hemp and Ancillaries), our highly experienced recruiters have over a decade of experience (each) in human resources, staffing and recruiting for Fortune 500/100 companies across a broad spectrum of closely related industries including: food & beverage, agriculture, consumer packaged goods, software, medical technology and paper/pulp.

  • NisonCo

    Through access to an unmatched network of cannabis industry leaders, reporters, reviewers, and social media influencers, NisonCo is rated as a top cannabis pr company who can get and keep your company in the news. We have developed over 3,000 active relationships with reporters and reviewers who cover cannabis from nearly every major outlet across the country. Our team of over 15 employees is passionate about maintaining a positive image for the industry and our hyper-attentive approach generates fast results.

  • Releaf App

    The Dispensary Partnership Program uses data collected from patients, via Releaf App, to provide business analytics to dispensaries (USA) and licensed producers (Canada). This data service is creating a new class of dispensaries that are driven outcomes and patient results. The dispensary partnership program shows symptom-specific patient ratings & analytics for the specific cannabis batches and products in a dispensary’s inventory. Dispensaries use this information to give more informed recommendations at the counter.

  • Moonstar

    We provide credit and debit card processing for recreational and medical marijuana dispensaries nationwide. We have the lowest rates in the country!

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