Marijuana stocks are speculative investments in the United States, as cannabis remains illegal under federal law.
However, the best marijuana stocks to watch over the next year are going to be based in Canada...
On April 13, the Canadian government announced legislation to completely legalize marijuana throughout the country for adults 18 and over. If the legislation passes, it will be legal on July 1, 2018.
That makes the industry more legitimate, which means the profits from marijuana stocks will be massive.
We'll have all the details about your next pot stock profit opportunity in just a bit.
But first, we had to make sure Money Morning readers saw this breaking marijuana news alert about a Canadian cannabis company that just went out this morning (Monday, May 15)...
Canabo Medical Inc. Could Expand Revenue Through New Partnership
Canabo Medical Inc. (OTCMKTS: CAMDF) owns and operates Canada's largest network of referral-only clinics for medical cannabis, with 16 locations across Canada.
Today, Canabo announced it entered a collaborative agreement with Terra Life Sciences Inc., a holding company that owns and operates two medical facilities.
Through the agreement, the companies will work together to develop new cannabinoid-based (chemicals unique to cannabis plants) formulations to relieve symptoms like chronic pain and anxiety.
Canabo and Terra Life will share future revenue from any new formulations developed.
CAMDF is on our marijuana watch list this week, but we also have five more marijuana stocks to watch for long-term gains.
In a time-sensitive audio briefing, Money Morning Director of Technology & Venture Capital Research Michael A. Robinson details the pot stocks best positioned to skyrocket upon legalization in Canada.
Here's how you can access Michael's urgent report...
Learn More About Five of the Best Marijuana Stocks to Watch Now
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The number of medical marijuana patients in Canada has been skyrocketing over the last two years.
Between July and September 2015, the quarterly number of registered medical marijuana patients was 30,537, according to Statista. Between July and September 2016, that number catapulted to 98,460.
That's a 222.42% increase in patients in just one year.
Impressive? Absolutely, but that's just the start of how fast the cannabis market can grow in Canada with full legalization...
According to Bloomberg, marijuana sales in Canada could reach $4.5 billion by 2021. With roughly $900 million in legal sales in 2016, that's an increase of 400%.
However, it won't just be the government and marijuana businesses that rake in all of the profit...
Forward-thinking investors are buying shares in five specific Canadian marijuana companies before the pot stock boom really kicks off.
In fact, this single "bombshell" event could unleash a new pot stock boom that will blow the doors off anything we've seen up to this point. And by putting a couple hundred bucks into a handful of tiny Canadian weed companies, you could pocket life-changing gains - turning a few hundred bucks into a fortune overnight. Watch this now to get all the details...