CANNAINVESTOR Magazine May / June 2017 - Page 56

INMED. Last month’s article was themed on the fact that the Retail Investor in the cannabis space is akin to an entrepreneur. That combined with how past articles focussed on the importance of diversification and avoiding the pitfalls unique to this industry are critical to success. The Canadian and US frameworks in some ways are mirror images of one another. For example, medical marijuana is legal nation wide in Canada whereas in the USA it is not legal federally. Also, and somehow seemingly paradoxically, oils and so forth derived from Industrial Hemp are legal federally in the USA but not in Canada. Recreational usage is not legal in Canada at this time whereas it is legal on a state by state basis in the US. All that being said of course, the state of California alone is a larger combined market (medical and recreational marijuana plus industrial hemp derived products) than all of Canada - even after recreational usage is legalized in some form in Canada. The below chart, available on the website of the Tinley Beverage Company (CSE:TNY; OTC:QRSRF) illustrates how the California medical market dwarfs its Canadian counterpart – and recreational is legal in California. Tinley exhibited their THC infused beverages on the April 22 weekend at the Cannabis Cup in California and the photos on their social media say it all – well received and successful.