Company Profile: Coles Group Limited is an ASX listed supermarket specialist. Since its incorporation in 1914, the company has grown as variety store to full fledged retail company which is engaged into the distribution of consumer products including fresh food, groceries, household goods, liquor, fuel and financial services through its store network and online platforms. Prior to its listing on Australian Securities Exchange on 21 November 2018, Coles was operating as a subsidiary of ASX-listed conglomerate Wesfarmers Limited.
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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