Is The Future of Cannabis A Futures Market?
Before we start. As we are a bit eighties here at CLR our first thought when reading about creating a Cannabis Futures Market, is, as Proust would say, “Remembrance Of Things Past” and one of our favourite Hollywood scenes of yore.
Here’s the full release on the subject Redondo Beach, California–(Newsfile Corp. – November 12, 2019) – SECFilings.com, a leading financial news and information portal offering free real time public company filing alerts, announces the publication of an article discussing the developing commoditization of cannabis. As global markets emerge, there is demand from product companies to access cannabis- and hemp-derived ingredients. One World Pharma (OTC: OWPC) has instituted a futures program that, like commodities futures, provides those companies with price and supply certainty. It has long been postulated that cannabis, following widespread legalization, will become a commodity and start acting like one. Though that hasn’t exactly come to fruition as of yet, owing in large part to a regulatory environment that remains fractured, there are forces at work in the industry that are bringing the commoditization of cannabis nearer to reality. In this article, we’ll take a look at those forces and how forward-looking companies might prepare…
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Source : CANNANNEW REPORT
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reposted by Cannabis News World
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