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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    Ganjapreneur is a news and networking resource for cannabis professionals. Our ultimate mission is to help the cannabis industry grow, by advancing the cause of cannabis normalization through responsible business.

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    Harbor Collective is your Downtown San Diego dispensary. 100% LEGAL! Voted Best City-Approved Medical Marijuana Dispensary in San Diego. Harbor Collective MMCC provides quality flowers of Indica, Sativa and Hybrids. We also have a wide selection of Moon Rocks, Cartridges, Edibles, Topicals, Pre-Rolls, Extract Wax and Extract Concentrates. We carry a selection of clones for sale but they sell fast so back orders are sometimes expected. We have great deals on Eternal Cartridges at 4 for $100! and much more! View our special offers page to benefit from our friendly hearts.

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    Smokin’ Hot Solutions was started seven years ago by three entrepreneurs from Philadelphia. From various entrepreneurial backgrounds, we came together with one cohesive goal; to build a cannabis marketing agency with an innovative and thoughtful approach. At a time when there were few specialty cannabis marketing agencies, and few willing to take the risk, we seized the opportunity. We cemented ourselves as the go-to agency for digital marketing in the cannabis industry.

  • Green Fields Accounting

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    We are a Boutique Accounting firm focused on the cannabis industry. Our management team has over 100 years of combined experience in public accounting. Running a legal cannabis-based business can be complicated. Let us make sure your business is compliant with all federal, state and local financial regulations so that you can focus on your business.

  • Cannabis Advising Partners

    Cannabis Advising Partners provides full-service licensing, compliance and business services for cannabis companies in California. Building on over 20 years of experience with CA compliance, we help all types of cannabis companies navigate the new and complex requirements that surround everything from the submission of an annual license to the broad range of intricate ongoing compliance standards that are mandated by law.

  • TRIM Media House

    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!

  • Wise Public Relations, Inc.

    We help our clients win by outsmarting and outmaneuvering the competition rather than outspending them. That’s our specialty. Through a strategic mix of marketing disciplines, all working together to create real momentum that give our clients a critical competitive advantage in the marketplace. MedMen, Cloudponics, Style & Stigma. We take great pride in the work we do and accountability for the opinions we shape. We have fun doing it. And we hope it shows.

  • CORE Security Solutions

    CORE Security Solutions, Inc. provides security services to a wide array of clients, including the rapidly growing cannabis industry. We are fully licensed and insured by the California Bureau of Security and Investigative Services (BSIS). We currently provide security services to several local cannabis dispensaries in the Bay Area and secure transport and delivery services for cannabis products and proceeds throughout California. Our security specialists are all licensed and our transport vehicles are equipped with secure storage and GPS tracking.

  • Headset

    Headset is the first real-time business intelligence and analytics service for the cannabis industry. We are a data-driven cannabis tech company and we’re passionate about helping the industry succeed. Our services cover an array of specialized needs that businesses in the industry have, be they growers, extractors, processors, or retailers.

  • Lightning Labels

    Lightning Labels uses state-of-the-art printing technology to provide affordable, full-color custom labels and stickers of all shapes and sizes. From small orders for individuals to the bulk needs of big businesses, Lightning Labels is equipped to handle and fulfill custom label and product sticker orders of all types. Best of all, like the name implies, Lightning Labels provides exceptionally quick turnaround for all your printing needs.

  • S2S Insurance

    S2S Insurance Specialists, LLC (S2S) provides risk management services to the Recreational & Medical Industry, both domestic and abroad. Through a specialized platform, S2S helps both public and private companies purchase important Insurance Coverages in the emerging Cannabis Industry. Our mission is to educate, advise and help our clients obtain hard to place General Liability (including Product & Completed Operations, Employment Practice Liability & Workers Compensation) for their cannabis-related operations. We go above and beyond our client’s expectations while always supporting them in the claims process

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June 18, 2018

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