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On Jan. 28, 2016, CIBC World Markets, a Canadian financial institution, announced that it had released a revised economic forecast for Canada, “Economic Insights: The Winter of Our Discontent.”

While the report focuses on the Canadian outlook for commodities and prevailing investor sentiments, it also discusses the economic implications of legalized cannabis in a section authored by economist Avery Shenfeld titled, “Growing Their Own Revenue: The Fiscal Impacts of Cannabis Legalization.”

Shenfeld has forecasted that, if legalized, recreational cannabis sales in Canada could range from C$3 billion to C$10 billion, with the low estimate based upon cannabis consumption estimates in Canada and the high estimate based upon sales data from Colorado.

Canadian Prime Minister Justin Trudeau is currently pursuing the potential legalization of recreational marijuana in the country as a means of protecting minors from access to marijuana and squelching the black market’s marijuana revenue.

If recreational marijuana is legalized in Canada, shuttering the black market will bolster the fiscal impact of legalization.

According to Shenfeld, “The bottom line is that federal/provincial governments might reap as much as $5 bn from legalization, but only if all the underground sales are effectively curtailed.”

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On Jan. 19, 2016, the Canadian Securities Exchange notified all CSE listed companies of its partnership with MJIC Media to offer a discount on tickets and exhibition space for the Marijuana Investor Summit & Business Expo in San Francisco, March 3-5, 2016.

The Marijuana Investor Summit & Business Expo is a meeting hub for industry decision makers, including cannabis business owners and managers, fledgling business owners seeking capital, investors and service providers.

“We’re very excited to be working with the CSE at this critical stage of development for the international cannabis community. The Canadian markets offer unique opportunities for investors that may be understandably wary of the OTC,” said Chris Gromek, COO of MJIC Media.

Canadian public markets are a good place for investors to explore right now, with Justin Trudeau as Prime Minister of Canada, decreased legislative risk, a federal medical marijuana program and rapidly evolving cannabis-related public companies.

With the CSE acting as a resource for investors looking to investigate foreign markets, the exchange’s rules and regulations provide an additional sense of security. More than 25 cannabis-related companies are currently listed on the CSE.

CSE listed companies interested in attending and exhibiting at the Marijuana Investor Summit can reach out to [email protected] or through the event website, www.MarijuanaInvestorSummit.com.

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On Jan. 6, 2016, the legal cannabis sector welcomed the introduction of Kush Bottles (OTC Pink: KSHB), a supplier of packaging solutions and accessories for the legal cannabis industry, to the OTC Markets.

“We are pleased to be a publicly traded company, and look forward to the responsibilities and opportunities this listing provides,” said Nicholas Kovacevich, Co-Founder and CEO of Kush Bottles Inc., in a press release. “As we head into 2016, we strive to continue to build a strong organization that is known and respected for its quality, service and innovation.”

KSHB opened at $2.00, and closed up 12.5% at $2.25, with volume slightly above 20,000.

According to Kush Bottles’ 10-k filed with the SEC on Nov. 30, 2015, revenues were up 135% over FY14, to $4.014 million; gross profits were up 97% over FY14, to $1.428 million; and consolidated net loss was down 14% over FY14, to $339,303, with the company also reporting approximately $1 million in total liabilities.

Within the 10-k, RBSM’s report, as Kush Bottle’s independent registered public accounting firm, explained, “The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate working capital to fund operations until it becomes profitable.”

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On Jan. 8, 2016, MassRoots (OTCQB: MSRT) will compete in the Extreme Tech Challenge’s semi-finals, presenting live, on stage, at the Consumer Electronics Show in Las Vegas.

The Extreme Tech Challenge is a startup competition where entrants vie for capital to accelerate their chances of success. More than 1,000 companies entered this year’s challenge, with MassRoots earning a spot as one of the top 10 semi-finalists and an opportunity to pitch to a panel of judges, with media and tech enthusiasts watching.

MassRoots is scheduled to present between 2:00 and 4:00 p.m. PST on Jan 8. The company’s pitch is expected to cover MassRoots’ role in legalization initiatives, recent generation of revenue and its potential uplisting to Nasdaq.

“Technology and big data have transformed countless industries and we believe the same will hold true for the cannabis sector. We are extremely grateful for the opportunity to share our vision for the cannabis industry at one of the largest gatherings of technology enthusiasts, investors, and media in the world,” said Isaac Dietrich, CEO of MassRoots.

If MassRoots makes it to the top three, the company will pitch to Sir Richard Branson on Necker Island in early February 2016.

Today’s press release was an expanded version of a previous press release issued on Nov. 30, 2015. And while MSRT saw more than double its average trading volume on its first day back after the long weekend, it closed at $1.09.

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