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CAN - Cann News Story

A$0.425 0.0  3.7%

Last Trade - 3:15am

Micro Cap
Market Cap £32.4m
Enterprise Value £36.7m
Revenue £358k
Position in Universe 911th / 1828

BUZZ-Australia's medical cannabis sector has potential if regulation eases - Morgans

Tue 3rd December, 2019 4:50am
** Australia's medical cannabis sector is crowded and
difficult to navigate in the current regulatory environment but
there is "significant" potential for some if regulation eases,
Morgans says
    ** Differentiation levels, slow moving regulation, weak
clinical evidence of efficacy, and expensive treatment costs
make it a slower-moving proposition compared with traditional
drug assets - Morgans 
    ** On a 10-year view, high likelihood that the Australian
market may closely mirror U.S. and Canadian peers in terms of
regulation and recreational legalisation - broker
    ** In the meantime, dwindling cash reserves and negative
cashflows across ASX companies, especially pure-play stocks, are
a concern; sector makeup in will be vastly different in coming
years - Morgans 
    ** ASX-listed pot stocks include Auscann Group Holdings
 AC8.AX , Althea Group Holdings  AGH.AX , Cann Group  CAN.AX 
Cann Global  CGB.AX , Creso Pharma  CPH.AX  and others
    ** In Sept, Canberra became the first city in Australia to 
legalise possession, use and cultivation of small amounts of
    ** New Zealand will hold a referendum next year on
legalizing cannabis for personal use
    ** Patients are allowed to use medicinal cannabis products
in Australia only on the prescription of a doctor

 (Reporting by Nikhil Kurian Nainan)
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