Investorideas.com

Call 800 665 0411 to learn about our services

Search   Follow Investorideas on Twitter   Investorideas is on Facebook   Investorideas is on Youtube   Investorideas is on Pinterest  Investorideas is on stocktwits   Investorideas is on tumblr   Investorideas is on LinkedIn   Investorideas Instagram   Investorideas Telegram   Investorideas Gettr   Investorideas RSS



Share on StockTwits

Medical cannabis sector is real winner of US Election

 

London - December 2, 2020 (Investorideas.com Newswire) With the US election finally decided, one of the clear winners is the medical cannabis sector. While a Blue Wave would have been the best result for the sector with a potential full legalization of cannabis in the US, the industry has benefited from the election result. In five different States, ballot initiatives to legalize medical and/or recreational cannabis were passed. Most significantly, New Jersey legalized adult-use cannabis which is expected to create a domino effect in neighbouring States and the heavily populated eastern seaboard.

Nawan Butt, Portfolio Manager of The Medical Cannabis and Wellness UCITS ETF, said: "The outlook for cannabis is looking increasingly positive. The outcome of the US elections is now expected to further increase medical legal jurisdictions in the US for cannabis. There are also developments around the world that illustrate the growing demand for medical cannabis, and how it is becoming more mainstream. This is a very exciting time for the legal medical cannabis industry."

As momentum in this sector increases in the US, the stage is set for the rest of the world to follow in the path of medical cannabis legalization. Share prices have reacted positively to these developments but there is still tremendous upside, and we believe this is one of the more exciting growth opportunities across sectors.

Other positive developments around the world for the legal medical cannabis industry:

Germany

Germany hit a symbolic milestone for medical cannabis activity in September, with over 100,000 patients applying for reimbursement from their insurers since the start of the medical cannabis program in early 2017 (1). Although this number does not include all medical cannabis prescriptions, it does provide insight into the growth of the medical cannabis programme in Germany, which has been fairly stable since its inception. In the second quarter of 2020, total reimbursements reached 36.7M Euros, setting Germany a run-rate of roughly 150M Euros in sales, and a 24% increase in year over year sales (2).

UK

In a sign of confidence, the UK's financial regulator (Financial Conduct Authority) has cleared the listing of medical cannabis companies on the senior London Stock Exchange (LSE). For now, companies operating in the medical cannabis space globally will be allowed to list providing they have the appropriate government licenses and do not fall foul to the UK's Proceeds of Crime Act 2002 (POCA). The demand for medical cannabis investment continues to grow in the UK, as evidenced by this regulation.

Australia and Israel

The number of patients in Australia and Israel who have been approved medical cannabis treatment are on the rise, which rounds out the medical cannabis story to be a wider one beyond the immediate monetisation of the US alone. Australia experienced another six thousand patients in September (3), and Israel another ten thousand in August (4). Similar stories continue to prevail in different jurisdictions across the world, but any federal moves in the US will be largely influential to many international markets as well.

When you trade ETFs, your capital is at risk. Past performance is no guarantee of future performance.

About HANetf

HANetf is an independent provider of UCITS ETFs, working with asset management companies to bring differentiated, modern and innovative exposures to European ETF investors. Via our white-label ETF platform, HANetf provides a complete operational, regulatory, distribution and marketing solution for asset managers to launch and manage UCITS ETFs. www.hanetf.com


Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.

More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

Follow Us on StockTwits


Get more Cannabis Stock Investor Ideas - news, articles, podcasts and stock directories for Cannabis stocks and Psychedelic Stocks

Buy a cannabis guest post on Investorideas.com









About Investorideas.com

https://www.investorideas.com/About/

Sign up for free stock news alerts at Investorideas.com

https://www.investorideas.com/Resources/Newsletter.asp