The growing cannabis market
As the cannabis industry continues to advance, more and more companies are moving to get their stocks listed on Canada Securities Exchange. Cannabis is no longer just a plant. The debate on its legality, decriminalization, health benefits, among others, are now the main focus of attention. Cannabis has emerged as a viable commodity for international trade, and raw material for consumption, with several companies listed on the stock market and shareholders who speculate on its rise or fall according to news of its legalization in more corners.
A great example of this InnoCan Pharma (CSE: INNO, FSE: IP4), a specialty pharmaceutical company, developing products that harness the unique properties of Cannabinoids combined with smart delivery formulations. InnoCan just recently announced a worldwide exclusive license agreement with the Hebrew University of Jerusalem to develop a first-of-its-kind CBD drug delivery platform based on liposomes. This Patent-Pending platform is based on a unique-controlled liposome-release method to be administrated, for the first time, by injection, turning Pharma Cannabinoids-based Medicines to an ever-accessible injectable drug.
Although the debate will always be present, more and more countries have chosen to decriminalize and even promote the use of cannabis, especially for medicinal purposes. The likes of Germany, Argentina, Italy, Canada, etc already allow the use of CBD derivatives to treat health problems, always under medical prescription, but often even facilitating their access to patients.
Cannabis for recreational activities is now an emerging discourse, and borders that seemed immovable a while ago have been crossed. Canada passed a regulation in 2018 that made it one of the few countries that fully allowed recreational consumption and the first of the G-8.
It thus joined Uruguay, a country that has always had a fairly permissive position. And the Netherlands, which despite the fame of its cannabis sale in coffee shops, has not changed its regulation in recent years (The Netherlands does not allow cultivation for self-consumption). As well as Mexico, who in a wide debate in recent years, have legalized marijuana for medical use. In the United States, almost 30 of its states have opened the door to medicinal consumption, and about 10 of them, including California, to recreational use.
The growth of the marijuana-related market has exploded in recent years and according to GlobeNewswire, “The global legal marijuana market size is expected to reach USD 73.6 billion by 2027.” This includes medicinal, recreational, and derivatives.
Furthermore, “It is anticipated to expand at a CAGR of 18.1% during the forecast period. The increasing legalization of cannabis for medical as well as adult-use is expected to promote growth. Based on type, the medical segment held the leading revenue share of 71% in 2019, owing to the growing adoption of cannabis as a pharmaceutical product for treating severe medical conditions, such as cancer, arthritis, and Parkinson’s disease, and Alzheimer’s disease among other neurological conditions. Moreover, an increasing need for pain management therapies along with the growing disease burden of chronic pain among elders is expected to boost the product demand.”
In this context, in recent years numerous companies, especially in the pharmaceutical industry, have begun to fully immerse themselves in this buoyant market with the expectation that over time it will become increasingly legal in more countries. Most of these companies are Canadian, and they have emerged in the glow of the country’s decriminalization momentum.
Some are dedicated to distribution for recreational consumption, those that lean more to the medical side, and those that are specializing in derivatives. Several things unite them: they are all Canadian for their reference in legalization, they are all growing, and a lot of them have successfully been listed on the stock market.
Canadian Securities Exchange (CSE)
Without a doubt, the Canadian Securities Exchange (CSE) has played a vital role in strengthening the marijuana-related market in Canada. Led by a visionary CEO, Richard Carleton, it has emerged as one of the pillars of cannabis investment in the country. Exchange operators have critically guided affairs, bringing about the availability of a variety of investment options for cannabis investors.
The CSE is Canada’s fastest-growing stock exchange. With more than 600 listings and a cumulative market capitalization of approximately C$23 billion, the Exchange continues to attract entrepreneurial companies that are looking for the most efficient path to the North American capital markets. With the help of the Canada Securities Exchange, Canadian companies can choose to test the waters outside Canada, particularly in the United States, as long as they can allay the fears of shareholders. Presently, cannabis is illegal on a federal level in the USA, however, it is legal for medical and recreational purposes in a good number of states.
The Canadian Securities Exchange (CSE) is the go-to platform for cannabis companies who are still developing. It offers much-needed exposure for the growth of these emerging companies, while also giving established organizations, such as multi-state operators in the US, a chance to gain a competitive advantage in the global market.
According to Richard Carleton, “It is always gratifying to see companies capitalizing on opportunities in the public market to pursue their vision for growth. The CSE has a mandate to facilitate entrepreneurial activity such as this.”
Looking at the medical aspect, he further believes that large and small companies have complementary roles in the pharmaceutical industry. Start-up companies play an important role in conducting early research and development in identifying new drug therapies. History shows that a lot of value creation happens in this space before the drugs are taken through clinical trials and ultimately brought to the market by the pharma giants and are prescribed to patients worldwide. In addition, regardless of their size, pharma companies need to have exceptional technical and logistical talent to develop a drug and move it through regulated trials.
Presently, there is a tremendous amount of effort in the pursuit of therapies and vaccines for COVID-19. This recent activity is a good reminder of how powerful the public markets are at organizing capital to solve real-world issues. You can be sure that whatever health challenge society is presented with next, the market will be here to find solutions.
How to hire the best network structured cabling company near you
Another option that’s available once you want network cabling in Orlando would be to install them yourself. Lots of people in america have an interest in doing their own wiring to enhance the safety of the computer systems. There are lots of unique things which you can do to assist you in making sure the wiring to your network won’t break down in the long run. You may set up a ground fault current sensor in your network cabling to be sure that the wires won’t be interrupted in the future as the power continues in your dwelling.
If you’re contemplating using network cabling in Orlando, it’s important to make certain that you consider all the options available so you will have the ability to get a system that’s ideal for your dwelling. The cabling will certainly increase the appearance of your house and will be more secure and protected from damage later on.
You’ll also want to be certain that you purchase your cabling from a trusted source so you will have no problems later on. You might want to look around and compare a few different places to find out what companies can offer cabling for your house in Orlando.
This sort of cabling entails using cables and wires that connect one computer to another. It’s quite important for all the computers inside a network to have the appropriate connection and information.
The main consideration when searching for network cabling in Orlando would be to be certain you get it from a respectable company that’s licensed to work in your area. You can even locate cabling in Orlando that provides a wireless connection which will permit you to take your system with you wherever you go. There are some companies offering wireless connections that will permit you to be ready to go from your house at any given time too. When you use this sort of cabling in Orlando, you won’t have to think about the wires breaking and causing harm to your computer or other computers in the system.
It’s possible to buy this cabling from a number of diverse suppliers in Orlando, Florida. The reason many men and women are interested in this cabling in america is due to the price and convenience associated with that. There’s absolutely not any need for you to go to a different area of the nation merely to find network cabling so long as you have access to a local supplier.
Why You Need Accounting Firms For Business In UAE?
Any business, no matter what kind, will have to keep accounting records and proper accounting books. If everything is managed well and sales, expenses, gains, and more are kept track of then there won’t be any legal or financial issues.
To make sure that all your accounting books and records are updated and maintained well, you will have to hire one of the Accounting and bookkeeping services. Most accounting firms offer services related to general ledger keeping, journal entry, expenses ledger, accounts receivables, equipment ledger, bank reconciliation, balance sheet, tax returns, cash-flow statements, etc.
If you have set up business in the UAE or other countries, then here’s why you should choose an accounting firm from UAE for your company:
- Cleaning up books: Accounting firms will help clean up your books and organize the accounting records in such a manner that your business gets on the perfect track. Know that the best accounting services are full of expert and experienced chartered accountants who will sort out any issues that you might incur regarding the financial books.
- Review responsibility: Know that at the end of the year or on a monthly, quarterly, or half-annually basis you need to know where your business stands and what the financial position is. To get accurate information your firm’s financial reports have to be updated and correct. Accounting firms and services will help you achieve this by conducting reviews periodically according to your preference.
- Preparing financial-statements: A financial record or statement aims to convey the financial activities that were done by a company or entity. It consists of various components. These are income statements, balance sheets, cash flows, and retained earnings. There are times where additional disclosures are needed as well. You can hire any one of the accounting and bookkeeping services to audit your financial records and ensure that you don’t have to face legal actions ever.
Having clean and well-maintained financial books will help ensure that you can take correct financial decisions for your company. Along with this, well kept financial records will help you know the correct progress rate of your company. Not to mention that it will prevent you from falling into legal troubles as well. So you must hire an accounting firm so that you don’t have to worry about it and can keep on focusing on your core business. Such distribution will give you peace of mind and lessen your stress levels.