Podcast with Ted Ohashi MBA,
CFA of ‘Let’s Toke Business’ Talking about Canadian Cannabis Stocks
Point Roberts, WA, Delta BC – February 16, 2018 – Investorideas.com, a global news source
covering the cannabis sector releases a new Podcast featuring expert and
newsletter author Ted Ohashi, MBA, CFA.
Despite recent uncertainty in the stock
market, the future of the cannabis sector still looks promising according to
writer Ted Ohashi.
Ohashi, who publishes the weekly Let’s Toke
Business newsletter and three indexes, acknowledges the volatility displayed by
the market last week. Ohashi pointed out however that the recent drop follows
several months of considerable growth.
Read
this news in full at http://www.investorideas.com/news/2018/cannabis/02161LetsTokeBusiness-Podcast.asp
Ted Ohashi MBA, CFA
“I’ve created three proprietary indexes,”
he said. “One is the Marijuana Composite, which is an overall measure of the
market. There’s over 100 companies included there. I have a licensed producer
index and also a low-price stock index. All of those indexes are down around 10
percent from their January peak and that follows on the tail of 40 to 50
percent increases in November and December. I think we’ve clearly entered into
a more volatile stage in the stock market. The Dow fell 1000 points on one day
last week, so it’s not just the cannabis stocks, it’s all of the market.”
Ohashi said the cannabis sector will
benefit from Canada’s planned legalization this summer, whereupon there may be
a lot of initial excitement before the market stabilizes.
“This is a big year for Canada because
legalization is scheduled to happen around mid-year and a lot of people are
excited about that,” he said. “From the market’s point of view, oftentimes when
there’s a big event like that, the market will move up in advance. I expect the
market will flatten out a little bit as we pass through the actual
legalization. Then starting again, maybe in the fall, things will pick up and
get more exciting.”
Ohashi said the current leaders in the
cannabis space stand to gain the most early on, while smaller less adaptable
companies may not be able to succeed.
“I think clearly the big winners are going
to be and they have been all along, the licensed producers,” he said. “That is,
those companies in Canada that are licensed to grow cannabis. They are the ones
that have been raising the lion’s share of the money. They’re the ones with the
capital to expand both domestically and more recently internationally.”
“You have a handful of the larger companies
that go on to great success, you have some smaller companies that also succeed
but you also have a lot of smaller companies that just can’t make the economics
work for them and they fall by the wayside.”
However legalization ends up impacting the
sector in the long term, Ohashi said that cannabis is here to stay.
“The cannabis genie is out of the bottle
and it won’t be going back in,” he said.
Read
the most recent edition of Ted’s newsletter:
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