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The comparable operational sales growth reported by Abbott’s Nutrition segment in 4Q17 came in at ~2%. International sales performance has seen an improvement in 4Q17. With the new food safety regulations in effect from January 1, 2018, Abbott appears to be prepared for the transition and expects to see a minimal impact of these changes on its performance.
Will Marijuana Become Legally Available to Canadians? In the previous part of this series, we briefly discussed how the different active components of the cannabis plant make it a more complex product than tobacco and alcohol. There are hundreds of strains of cannabis plants. Naturally, companies selling cannabis products would spend heavily on educating customers to enable more informed decisions.
The chart above illustrates the market capitalization trends of marijuana companies versus bitcoin and other major companies. Plus, the recreational marijuana market has been picking up steam. To learn more about this market, please read Must-Knows before Investing in the Marijuana Industry.
In the previous part of this series, we touched on the illegal elements surrounding cryptocurrency and the marijuana industry. Marijuana is considered an illicit drug with a potential for abuse. As a result, it’s classified as a Schedule 1 drug in the US under federal law. Additionally, drug cartels have controlled the marijuana supply in North America, presenting an ongoing criminal problem for authorities.
With the marijuana sector heating up in Canada lately, we know that several existing and new companies will be rushing to capitalize on the opportunity. Canaccord Genuity, an investment banking company, has outlined the players by market share. The chart above shows that Canopy Growth Corporation (WEED) is expected to command the largest portion of the market (MJX) (HMLSF) share, or 14.6%, as an individual entity by 2021.