Company Profile: Wesfarmers Limited (ASX: WES) was incorporated in 1914 and is based in Perth Australia. The group has a diverse set of business operations across all the verticals such as supermarkets, liquor, hotels and convenience stores, home improvement, office supplies, and department stores, etc. It operates 801 Coles supermarkets; 883 liquor stores under the Liquor land, Vintage Cellars, and First Choice Liquor brands; 89 hotels in Queensland; 702 convenience outlets nationwide; and an online supermarket. The primary objective of the Group is to deliver a satisfactory return to its shareholders.
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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. Click here for your FREE Report