Amid a continued boom in the growing cannabis sector, Canada is moving rapidly toward legalization as the U.S. continues to foot drag at the federal level, leading many sector analysts to conclude that it’s the Canadian companies who might benefit the most as an underlying shift toward medical and recreational use continues. Out of a tiny handful of just 58 Health Canada-licensed producers, vertically integrated Emblem Corp. (TSX.V: EMC) (OTC: EMMBF) stands out as a one of the fastest growing cultivators and pharma developers, having also obtained authorization to produce cannabis oils. While sales of dried marijuana intended for smoking in Canada increased around 44.6 percent from Q1 to Q2, according to official Health Canada records (http://nnw.fm/Ka4Hx), cannabis oil sales shot up over 278 percent. It’s a sustained industry trend, which is continuing to evolve as cannabis medicine developer demand increases and consumers flock to edibles and/or vaporizing. This trend is also clearly evident from U.S. data (http://nnw.fm/iX5Vm), as consumers in states like Colorado, Oregon and Washington continue to fuse their love of candies and chocolates with a growing taste for cannabis.
Landmark legislation introduced by Canadian Prime Minister Trudeau in April, fulfilling one of his campaign promises, put Canada squarely on the road to a legalized (over 18) recreational use market, with a projected implementation date as early as July 1, 2018. Intelligent companies like Emblem aren’t wasting any time in trying to get out ahead of this curve and are making every effort to rapidly expand production while maintaining the kind of…
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