The HMMJ price increased each day for its first four days on the market. Marijuana bioengineering The Toronto-based Horizons is the first ETF manager to offer investors Medical marijuana direct exposure to medical marijuana stocks in North America. These include companies that are working on bioengineering and production of marijuana. The ETF includes 16 companies as of March. The biggest percentage 10 percent is held in each of the following companies: Scotts Miracle-Gro Company Aurora Cannabis Inc. Aphria Inc. At Horizons, we take pride in our innovation, so we’re very happy that for the first time, investors will be able to access a low-cost, diversified portfolio of companies that are directly involved in the rapidly growing medical marijuana industry, said Hawkins. The Horizons ETF has accumulated $28.7 million in assets, according to Market Watch . More to come. The Horizons ETF is focused solely on medical marijuana and does not include companies that engage in the legal recreational marijuana industry.
It might not be as cool as a Westworld host, but it could be the next best thing. On second thought, it might be even better. Mainly because it involves getting stoned. Yes, we’re talking about the world’s first smoking robot, an artificial burn buddy, if you will.
The Future is Now
This year at the Silicon Valley Cannabis Cup in San Jose, the smoking robot adequately dubbed ‘Budzie’ will make it’s long awaited debut, and it’s hard not to be totally psyched. The Cannabis Cup is known for its advancements in smoking technology. In past years the weed-centric convention debuted new potent strains, high-powered vaporizers, and delicious edibles, but Budzie most definitely takes the cake.
Budzie The Smoking Robot’s Features
Developed by Redwood Robotics, Budzie has a variety of cool features that make it the perfect companion for stoners everywhere. For starters, Budzie’s voice can be programmed to mimic several of your favorite celebrities. It’s sort of like how you can change the voice of your GPS, except about 1000 times cooler. Some of the voice options include James Earl Jones, Sarah Silverman, and notorious celebrity weed-smokers Snoop Dogg and Wiz Khalifa. (If you ever dreamed of burning with Darth Vader, we’d suggest Jones.)
The bud-bot also comes equipped with a top of the line volcano vape built right into its robotic exterior. Budzie can also roll joints for you, light you up, and even grab your snacks if you get a wild case of the munchies. Additionally, for those who grow their own bud, you can put your clippings in its mouth and it will literally poop out bubble hash.
Not bad for a hunk of metal.
Stoners can be notoriously anti-social when they’re too high. Budzie can prove to be a great companion to those looking for company, but also hate humans. However, the smoking robot similarly comes in the clutch for those who enjoy smoking with others but don’t have any friends. Or they’re just M.I.A. Whatever helps you sleep at night.
The Cannabis Cup will take place at the Sonoma County Fairgrounds in San Jose, California on June 3rd and 4th.
If you’re looking for a brand new, low-maintenance smoking buddy, you should probably go ahead and check it out.
To read more visit: https://www.greenrushdaily.com/2017/05/08/worlds-first-smoking-robot/
It seems like everybody is trying to get in on the “green rush” of the legal cannabis industry. And that includes a growing number of venture capitalists. The cannabis industry carries with it a number of unique opportunities — and risks — for investors willing to bet on legal weed. But if current trends continue, ventures capitalists are set to make some serious green.
Venture Capitalists And Legal Cannabis
There are a few important factors driving venture capitalists into the cannabis space. For starters, there is the potential to see some big-time returns.
According to experts at The ArcView Group, the legal cannabis industry in North America made $6.7 billion in 2016. That number represents a 34 percent jump from 2015. And they expect similar growth to continue well into the future. In fact, experts predict that legal weed will be a $23 billion industry by 2021.
“Very few consumer industry categories reach $5 billion in annual spending and then post anything like 25% compound annual growth across the following five years,” ArcView’s annual report said.
Venture capitalists are in a great position to tap into this growth. One big reason is that banks and other lenders are very cautious about working with cannabis businesses. That’s primarily because weed is still illegal at the federal level.
For example, most dispensaries have to operate as cash-only businesses. Banks and credit card companies don’t want to work with them. Without access to these sources of funding, many cannabis businesses must rely heavily on private investors.
Venture capitalists willing to bet on legal weed can take advantage of this. They can get in on the ground floor of an industry that’s about to explode. When they do, they set themselves up for big-time profits.
The Industry Right Now
There is already a lot of activity as venture capitalists learn about the legal cannabis industry. According to industry experts, there were 11 deals made in 2013. Those deals accounted for $11.91 million in investments.
In 2014, venture capitalists invested $71.56 million across 36 deals. Those numbers maxed out in 2015 when there was $226.38 million invested over 78 deals.