Oregon, unofficially known as the Beaver State, is home to just under 4.2 million people as well as a booming cannabis industry. With companies like Golden Leaf Holdings Ltd. (CSE:GLH) (OTC:GLDFF) announcing major business developments in Oregon, it can be hard to ignore the opportunities.
While there's only 15 medical marijuana dispensaries registered by the Oregon Health Authority, there's a whopping 540 retail marijuana dispensaries registered with the Oregon Liquor Control Commission.
The sheer size of the combined retail and medical marijuana industries is just one of the many reasons that investors look to Oregon for opportunity within the cannabis sector.
For those looking to get in on the Oregon action, there's a few different marijuana stocks worth a further look. In addition to the cannabis-related companies that are based in-state, there's also a handful of major marijuana-related companies with substantial operations or investments in Oregon's marijuana industry.
Without further ado, here's a handful of marijuana stocks with a particular focus on Oregon's booming marijuana industry (in alphabetical order):
CannaRoyalty Corp. (CSE:CRZ) (OTC:CNNRF): CannaRoyalty is an active investor and operator in the legal cannabis sector with a focus on building and supporting a diversified portfolio of growth-ready assets in high-value segments of the cannabis sector. CannaRoyalty's portfolio company, Rich Extracts, is an award winning Oregon-based cannabis extract brand operating a fully licensed lab and production facility producing distillates, shatter and rosin concentrates.
Golden Leaf Holdings Ltd. (CSE:GLH) (OTC:GLDFF): Golden Leaf is is one of the largest cannabis oil and solution providers in North America with operations in Oregon and beyond. Golden Leaf cultivates, extracts and manufactures and distributes its products through its branded Chalice Farm retail dispensaries, as well as through third party dispensaries. Just back in December, Golden Leaf opened a new Chalice Farms dispensary on the popular Willamette River waterfront area of Downtown Portland, Oregon.
Grow Condos, Inc. (OTC:GRWC): Grow Condos is a real estate purchaser, developer and manager of specific use industrial properties providing "condo" style turn-key grow facilities to support the cannabis industry. Less than one year ago, Grow Condos closed its acquisition of the Lake Selmac Resort & RV Park, situated in the picturesque heart of Southern Oregon.
Nutritional High International Inc. (CSE:EAT) (OTC:SPLIF): Nutritional High is focused on developing, manufacturing and distributing premium and consistently dosed products in the cannabis-infused products industry, including edibles and oil extracts for nutritional, medical and adult recreational use. In Oregon, the company has engaged a contractor in late fall of 2017 who has been working to complete the remodeling of the La Pine facility, and is on track to complete the build-out in calendar 2018.
In addition to the companies detailed above, we thought it'd be worth mentioning that there's also a couple of other publicly listed cannabis companies that get a lot of business in Oregon (in alphabetical order):
Grow Solutions Holdings, Inc. (OTC:GRSO): Back in 2017, Grow Solutions signed a deal with Shango Premium Cannabis and its affiliates and related companies. Shango currently operates 6 licenses in Oregon and beyond.
mCig, Inc. (OTC:MCIG): Back in 2017, mCig announced its selection as the builder of choice of the first large scale indoor grow facility in Oregon for Forest Grove Cultivation. At its onset, the project was expected generate a minimum $1.5 million in revenue for the company, but could exceed $1.9 million with add-ons.
Conclusion
These are just 6 of the over 200 marijuana stocks that are out there. Before making a decision, investors should seek professional financial advice regarding the appropriateness of investing in any of the companies mentioned.
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