The cannabis market as a whole has remained one of the most lucrative and important sectors in recent times, but new efforts for legalization and the changing public space on cannabis has all contributed to an extremely interesting market to watch and participate in. Most news in the market has been fueled by the larger companies in the industry, but little people know about how much potential lies in the innovation and future of small-cap companies in the space. These companies have benefitted from being some of the most creative problem solvers in the market and remain extremely interesting as we move throughout the future.
The company Liberty Health Sciences (NASDAQOTH:LHSIF) is another one of the cannabis businesses based in the massive market of Canada, but interestingly enough, most of their operations lie within the U.S. According to one report “Liberty is one of 14 licensed medical cannabis producers in Florida, which is expected to become the No. 3 marijuana market in the U.S. over the next few years. That ranking puts Florida above several states that have legalized recreational marijuana. Florida currently only allows the legal use of medical cannabis.” Florida has been hailed to be one of the fastest growing cannabis markets throughout the U.S., and if they are able to legalize the use of cannabis in the near future, it seems as though there could remain a large amount of potential for growth.
Planet 13 Holdings (NASDAQOTH:PLNHF) has been working to build an entirely new side of the market; tourism. The company has been working to open a Planet 13 Superstorw thin Las Vegas, which would effectively be the first cannabis entertainment space domestically. It is hard to say at this time how large the market could be, but as cannabis becomes legal around the world, it seems as though more and more people have continued to flock to the havens of legality for the use of the substance. The company has also been working to promote its business through a series of advertisements in some of the most popular spaces around Las Vegas, which means that the future could potentially be filled with even more promise for the space. The hopes are high that Planet 13 can remain one of the more interesting and innovative businesses to watch as we move throughout the coming months to years.
The last company on the list, (CSE:ICAN) Integrated Cannabis, has also managed to corner a niche side of the market. Many companies who wish to grow cannabis, first of all do not fully know where to start. The issues of legality and building an appropriate facility can often be an extremely difficult challenge. This is where Integrated Cannabis comes in. ICAN has worked to help handle everything prior to the growing stage and has continued to see a large amount of interest in the field as this part of the market continues to grow in demand. The hopes are high that Integrated Cannabis can remain one of the key players in this side of the market as legalization efforts continue to go into effect.
Cannabis as a whole has remained incredibly lucrative over the course of the past few years. Only time will tell how the combination of positive legislation can continue to affect the market’s growth as we move throughout the coming months to years.
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