Company Profile: Woolworths Group Ltd (ASX: WOW) is a reputed brand in Australian supermarket segment. The grocery store company was founded in 1924 and accounts for a large portion of Australian market share. The group operates through Australian Food and Petrol, Endeavour Drinks segment, New Zealand Supermarkets, BIGW and Hotels. The retailer has a wide spread across Australia and is gradually gaining online momentum as well.
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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