In contrast to a period when promotion and fluff have grabbed the attention of novice stock investors interested in the legal cannabis theme since early 2013, we are now seeing companies with revenue and profits quickly overshadowing many of the former pump and dumps of the publicly-traded sector. Investors are beginning to focus on those companies that are rapidly executing rather than those that just talk about it.

While the numbers out of Canada’s licensed producers have been quite impressive, our observation extends to the U.S. as well, where there are now six companies that file with the SEC and report quarterly revenue in excess of $2.5mm, a list that we expect will be growing in short-order. In addition to some companies that fall just short of the criteria that will join the list, we believe that we are on the cusp of an increase in new companies going public.

Full Article on New Cannabis Ventures