Weed Week: Local police just made an unusual discovery in a Nottingham forest
Health & Biotech
Health & Biotech
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For ASX investors, the focus remains on which companies can execute within Australia’s tightly-regulated medicinal cannabis sector.
But for this edition of Weed Week, we came across a story out of Nottingham, UK, with more of a natural lean.
It centres around a police discovery, where local officers came across a nursery of 20 marijuana plants growing naturally in Watnall Wood forest.
The Nottingham Post reports that all 20 plants had labels tied to them that said “Candy”, which one of the officers linked back to the American marijuana plant known as “Kandy Kush” — a potent strain that can be grown outdoors.
A drainage system had been set up while the nursery was fenced off with chicken wire, but police have so far been unable to determine who was behind the Watnall weed farm.
With UK citizens confined to their homes, the report said Nottingham police had seized around £3m (~$5.5m) worth of cannabis plants in May, an increase of around 280 per cent from May 2019.
Back in Australia, the cohort of 34 (strictly medicinal) cannabis stocks tracked by Stockhead on the ASX struggled for traction over the past week, as markets remain delicately poised following a strong three-month rally.
Only six stocks posted a gain last week, while a further seven traded flat and 21 lost ground.
Below is a summary of weekly and annual price performance for ASX-listed cannabis stocks
Scroll or swipe to reveal table. Click headings to sort.
eSense stock was up by more than 40 per cent this week on the back of some positive deal-flow, with the announcement of two new partnerships utilising its extraction technology in the production of beauty products and an ethanol-based sanitiser solution.