One Cannabis Stock You can keep for the Next Decade

Posted by bennetglobal on July 16th, 2019

The cannabis industry is a rapidly expanding new marketplace that investors cannot get enough of. Leading analysts are predicting that cannabis sales are set to exponentially grow to somewhere in the region -0 Billion in annual sales over the course of the next decade. And there is one cannabis company, Aurora Cannabis, which have set themselves up in a position to grasp onto a large portion of the industries profit in the coming decade.

Aurora Cannabis have certainly been ensuring their place in the industry, by focusing on the foundations to success. When it comes to production, Aurora’s capacity is second to none, and the company are on the way to producing over 600,000 Kilograms of cannabis by the end of 2020. When looking at their rivals, trailing behind Aurora only one other producer seems to be on the right track to produce at least 500,000 kilograms annually and that is Canopy Growth.
The huge difference in ability to produce products should provide Aurora with a large advantage over their smaller competitors. This mainly due to the fact they can spread their larger costs, over a broader sales base, and with such large facilities for production, Aurora should be able to see industry leading profit margins over time. In addition, Aurora claims to be a low cost producer of cannabis, which should help the company with any unforeseen short supply issues faced by states and countries who move to legalize cannabis.

Not only do Aurora have peak production capabilities, the company also boasts the largest international presence in the industry so far, with their products available in 25 countries, meanwhile their closest competitor Canopy Growth have a respectable 16 country presence. With that in mind, Aurora have a serious leg up on the rest of the cannabis industry, and have a good shot when it comes to taking a large portion of the global market share.

Simon Jones – Bennet Global

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