Canadian cannabis industry stocks at record high thanks to Snoop Dogg
Canadian cannabis industry stocks are at an all time high thanks to the three new strains by Snoop Dogg. It was always apparent that the legal cannabis enterprise would generate great profit and bolster global commerce.
An iconic and passionate cannabis smoker such as Snoop Dogg has the cache to push forward sales in the favour of whichever strain/s he is promoting.
The Canadian cannabis industry has soared thanks to the strains which were released by Tweed. Tweed is a subsidiary of the Canopy Growth Corporation which saw its stocks jump by 17% last week, this is a record high.
Canopy became the first cannabis grower to trade on a major North American stock exchange when it arrived on the Toronto Stock Exchange in July.
The bolster in the Canadian cannabis industry hasn’t been limited to this one company. In other positive cannabis news Vancouver based Aurora Cannabis up 22%, according to Bloomberg reports.
“Snoop is much more than an artist, entertainer and entrepreneur. He’s also one of the most trusted voices in cannabis the world over. We’re welcoming a cannabis culture icon into the Canadian industry.” said Mark Zekulin, president of Tweed in the press release
“What started for me in the 90s in Cali now has a home in places like Colorado, where real progress is being made.” added Snoop Dogg
Snoop Dogg’s The Leaf’s cannabis range is made up of three strains, namely, Sunset, Ocean View, and Palm Tree which is a CBD. These are expected to incorporate into the Canadian market this month.
The popular and progressive Canadian prime minister, Justin Trudeau is the country’s chief legalisation supporter. A large part of his campaign for election, amongst other positive views was his pledge to legalise cannabis for Canadians. Young Canada is looking to his leadership to take them into the future, and the Canadian cannabis industry is one vital part of this vision.