US research points to continual growth in marijuana market

marijuana Bill intended to serve as a stepping stone to full legalisation.

Researchers are predicting that an increasing number of varieties of cannabis will become available while cannabis-infused beverages are likely to become more widely available and popular. It is believed that some of these beverages will be made by companies that currently play a major role in the alcohol industry. An increased variety of marijuana-laced edibles is also likely to appear on the market.

Also prominent among the predictions for the future of the marijuana industry is the view that the product will continue to attract an increasingly divergent range of customers. Linchpin’s research also points to the likelihood that marijuana will attract older customers and greater numbers of women in the future as well as a mix of recreational users in the period ahead.

Research also suggests that customers will begin to vary to a greater degree in terms of how much they spend on marijuana. On average, most people are likely to spend between US$25 and US$50 during marijuana-related visits to the pharmacy. Meanwhile the probe is predicting a higher level of awareness of the benefits of cannabis arising out of greater volumes of information being placed in the public domain as a result of increased scientific studies. Scientists are finding that cannabis and the compounds within it can have significant benefits for one’s general health, such as potentially lowering one’s cancer risk. More studies are likely to be done on this in the period ahead.

Notes

1 - Interim Results

2 - Prospective Dividends

3 - Shows year-end EPS but Interim Dividend

4 - Shows Interim EPS but year-end Dividend

EPS: earnings per share for 12 months period to the date the latest financials have been prepared. These include:

Final results for CJL and PHI.

Final Results for JPS.

Final Results for BTI, HCL, DTC and RDL.

Interim Results for DIH, CCI, CBI, DBL, DDL, GSI, RBL and SPL. As such, some of these EPS calculations are based on un-audited figures.

Price/Earnings Ratio = Last Trade Price/EPS

Dividend yield = Dividends paid in the last 12 months/last trade price.