Company Profile: Kidman Resources Limited (ASX: KDR), under metals and mining sector, is a mining explorer with lithium as key commodity to deal in. The company is into exploration and development of base metals and precious metals in Western Australia, New South Wales (NSW), and Northern Territory. Burbanks Gold Project located in Western Australia is under its principal activities along with acquisition of the Mt Holland Project. The Browns Reef Project, the Crowl Creek Project and the Esmeralda Prospect are few of the other projects of the company.
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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.
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