MMJ Phytotech (ASX:MMJ) CEO Jason Conroy provides an update on the company's investment portfolio, key holding in Canadian Harvest One Cannabis and regulatory change.
MMJ is a cannabis investment company with a portfolio of five investments.
Current focus on growth opportunities in Canada with the legislation of recreational market expected in mid/late 2018, a multi-billion dollar market opportunity.
Current portfolio is well positioned to capitalise on this opportunity.
Canada will be the largest federal jurisdiction to legalise cannabis consumption.
$22.6 billion total market potential (eg tourism, tax, license fees).
Continuing to diversify the portfolio by making significant minority investments.