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|Subject: OZschwitz cannabis stocks 130% high Sun Mar 26, 2017 12:27 am|| |
|There’s a buzz in Australia’s stock market.|
Shares of companies involved in the cultivation, production and research of medicinal marijuana have on average soared more than 130 percent in Sydney this year. That’s six times higher than their peers in the U.S. and Canada. The surge was sparked by Australia easing restrictions on imports of cannabis to treat illnesses from epilepsy to cancer.
Australia’s nascent cannabis sector is a sliver compared to the U.S., where more than half of states have legalized medical uses of the plant. While that allows plenty of room for growth, companies with unproven business models and patchy cash flows remain at the mercy of regulators, according to Peak Asset Management LLC. Only Queensland allows specialist medical workers to prescribe pot-related products to people who don’t respond to conventional medicine.
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