It’s been 222 weeks since Andrew Chan and Myuran Sukumaran were sentenced to death.
And it’s been around 800 days since Schapelle Corby was set free from a Balinese prison.
These two stories tell of some unfortunate individuals who got caught up in Indonesia’s legal system.
In more recent news, two Aussies who got done for smuggling cocaine into Bali now face prison for a period of four to 12 years.
You may be wondering how this relates to your regular weekend edition of Profit Watch.
Remember the Thais
Last week, I brought to your attention some changes in Thailand.
The government is removing a cannabis chemical called cannabidiol from its banned list.
This is an important story.
Thailand is now at the forefront of Southeast Asia’s medical cannabis run.
I want to give you a wee bit of background here.
Like Indonesia, Thailand is known for its strict laws.
Simply smoking a cigarette in the wrong place has led to fines and can also get you chucked in prison.
Heck, laws on the books suggest prison time of up to 15 years if you possess marijuana.
For this country to open its doors ever so slightly to medicinal cannabis is a big deal.
And the reason why I’m harping on so much about this is simple…
Insider’s opinion on Asia’s green rush
More than half of the world’s population lives in and around Asia.
If any development hints at the slightest possibility of profits…
…well, you can damn well bet that I’m listening and watching carefully.
To recap, late last year Thailand legalised medicinal marijuana. Again, this was big news. It meant registered patients could possess certain amounts of herb extracts.
Within the first year, it was expected to attract 50,000 new patients.
But it seems this isn’t enough for some money-hungry politicians.
A key member of the Thai coalition is pushing for the full legalisation of Thailand’s marijuana market.
The market is expected to grow from $0 to over $650 million within just five years.
Now, if that doesn’t pump you up…
Maybe this will.
Malaysia, Laos and the Philippines are also considering legalising medicinal cannabis.
Yes. Massive developments are occurring all over Asia.
But don’t take my word for it…
‘The Asian market will challenge and perhaps surpass the North American markets in the next 5 to 10 years.’
That’s what Brian Armstrong recently said. He heads up a Canadian agricultural trading company called Vinzan International, which takes cannabis crops from low-cost markets and processes them for export.
Aussie marijuana shares are still hot
But what about Australia?
Well, not much has changed since we brought this topic up a few months back.
But Aussie companies are seeing massive growth in relation to their partnerships in the US and Canada.
And we’ve seen this reflected in a few stocks. In fact, several have doubled over the last few weeks.
Take Ecofibre Limited [ASX:EOF], for example.
The company’s latest announcement highlighted its growing revenue stream. Investors loved the news and the stock surged over 25%, as shown in the chart below.
Look, here is the moral to the story.
If you want a chance to bank big dollars, then you must be watching this market.
Right now, it’s hot. And at the current rate of growth we’re seeing, it won’t be long before your everyday investor jumps right back in.
Though when that happens, it may be too late.
So, watch this space. The potential is enormous. What’s occurring in Asia is just the beginning.
Callum just completed an industry-wide report on this sector in conjunction with a former US hedge fund manager. Click here to get your copy today.
Until next time,