Is weed a responsible investment?

Do the medical applications of cannabis make it an ESG-positive investment? Or do the recreational applications make it a vice, and therefore ESG-negative?

Andrew Willis 10 July, 2019 | 2:42PM
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Cannabis extract medicine bottles

Note: This article is part of Morningstar Canada's Cannabis Week Special Report

It was a fateful day in November 2016 when Canopy Growth Corporation was crowned the first “cannabis unicorn”, reaching a billion-dollar valuation after soaring nearly 400% in the preceding year. What followed was a deluge of mainstream media coverage, and some soul-searching among average investors weighing whether they were ready to jump on the profit bandwagon or sit on the sidelines.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Cardiol Therapeutics Inc Class A5.40 CAD-0.74
InMed Pharmaceuticals Inc1.72 EUR1.18
Tetra Bio Pharma Inc0.28 CAD9.80

About Author

Andrew Willis

Andrew Willis  is Content Editor for Follow him on Twitter @AndrewWillisCDN.


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