Company Profile: Altura Mining Limited (ASX: AJM) is an Australia-based company with exposure to lithium commodity. The group has been into exploration and development activities, while its feasibility study at its Pilgangoora Lithium project in the Pilbara region of Western Australia was seen to be tracking as per the plans. Along with mineral exploration, the group is into coal mining with interests in producing Delta Coal project in Indonesia.
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Those phrases have become increasingly common as marijuana legalization spreads.
Global spending on legal cannabis is expected to grow 230% to $32 billion in 2020 as compared to $9.5 in 2017, according to Arcview Market Research and BDS Analytics. As of June 29, 2018 the United States Marijuana Index, despite a lot of uncertainty around regulations, has over the past 1 year gained 71.49%, as compared to about 12% gain seen by the S&P 500. Click here for your FREE Report