HOUSTON, TX / ACCESSWIRE / January 4, 2019 / Recreational marijuana has been legal in Canada for more than two months now.
However, some companies have been left in limbo, as many wait for regulations on cannabis edibles, topical's and extracts.
But that's expected to change this year.
In fact, Health Canada just released the first draft on its proposal of regulations for those products. Once regulations in place with Health Canada, such cannabis products will be permitted for legal sale under The Cannabis Act no later than October 17, 2019.
That alone could create a sizable investment opportunity.
According to a 2018 survey from Deloitte, nearly 60% of Canadians would use cannabis edibles.
The current draft sets caps on the amount of THC that can be in any product.
Restrictions would also be placed on ingredients that would made edible cannabis appealing to children, such as sweeteners. In addition, it could prohibit manufacturers from making any claims about health benefits or nutrition.
The $4.2 trillion wellness industry could one of many to benefit,
The very healing properties of marijuana are why spa, wellness and skincare industries are introducing a range of products with cannabis as a key ingredient.
According to Forbes, ''Hemp-derived CBD has been touted in several medical studies as having a myriad of health benefits ranging from treating psoriasis, atopic dermatitis and eczema to minimizing seizures, stress, and insomnia.''
The Yield Growth Corporation (BOSS.CN)
One such company is The Yield Growth Corporation (BOSS.CN), which aspires to become the next multi-billion wellness/cosmetics giant that emerges from the cannabis industry.
Its hemp-based wellness brands could very well be disruptive to several sectors, including wellness, makeup and leisure. That could make The Yield Growth Corporation a potential acquisition target for larger companies, including Estee Lauder, and Procter & Gamble.
The best part - the company just announced that it has engaged Incanco Cannabis to develop plans and prepare applications for a micro-processing license, a research license and a medical sales license under The Cannabis Act for Yield Growth and its subsidiaries.
Yield Growth plans to apply for these licenses so it will legally be able to infuse its full line of wellness products with CBD and THC and sell them in Canada.
However, Yield Growth isn't the Only One Seeing Opportunity
Aphria Inc. (APHA) is likely to benefit from Health Canada's decision, as well. In fact, it just created a joint venture Perennial Inc., a subsidiary of DATA Communications Management Corporation. The JV will reportedly look beyond just edibles and beverages to a range of products designed to meet consumer demand in the cannabis and wellness space.
For More Information on Aphria Inc., Click Here.
Another likely beneficiary is The Green Organic Dutchman (TGOD.TO) (TGODF), which is developing a distribution hug for large-scale beverage and edible products that can be introduced in Canada and abroad. ''We believe that the beverage and edible market will be the largest single segment of the cannabis market. Cannabis, as the base ingredient, makes these products possible. The medicinal and recreational market for CBD and THC will only increase over time and starting with an organic input is the most important aspect to developing these higher margin products,'' notes TGOD President Csaba Reider.
For More Information on The Green Organic Dutchman, Click Here.
Growth through Global Expansion
In June 2018, The Yield Growth Corporation's Urban Juve granted exclusive distribution rights to wellness products in Italy for the next three years to Crop Infrastructure Corporation.
Such an opportunity now gives The Yield Growth Corporation incredible exposure to the European cannabis market, as well.
Thanks to its product development, and international growth, The Yield Growth Corporation could become a substantial disruptor to a $4.2 trillion global wellness industry.
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Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media which has a partnership with www.MarijuanaStox.com is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release.
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