After Canada’s Department of Finance presented its cannabis tax plan on Nov. 10, 2017, some Canadian marijuana stocks climbed as much as 13.5% on the day. But Canadian pot stocks now have even more potential…
The tax plan is a sign the Canadian government is laying the groundwork for legalization, which will be a boon to Canadian pot stocks.
Fortunately, it won’t just be our neighbors to the north who can cash in on the cannabis gold rush.
Through over-the-counter markets (OTCMKTS), Canadian cannabis companies like Aurora Cannabis Inc. (OTCMKTS: ACBFF) can sell shares to U.S. retail investors. Thanks to OTCMKTS, investors don’t have to convert U.S. dollars into Canadian money, keep track of different tax laws, or search for a broker that trades on the TSX.
On Nov. 10, shares of ACBFF opened at $3.24. They closed at $3.68, for a 13.5% gain on the day. Shares of Aurora on the TSX opened at $4.09 on Nov. 10 and closed at $4.64, for a 13.44% gain.
Keep in mind, that’s just in one day.
And by trading Canadian pot stocks on OTCMKTS, American investors have access to a potentially explosive event on July 1, 2018…
A Marijuana Windfall Is Building in Canada
Canada will legalize all marijuana use on July 1, 2018.
And Canada’s new marijuana tax plan is a sign the government is fully preparing to legalize pot on schedule.
The Canadian government plans to add a $1-per-gram excise tax on cannabis products, or 10% of the sale price, whichever is higher.
BREAKING: New Legislation Could Turn Tiny Pot Stocks into Millions. Click Here…
Investors cheered the news from Canada, as California plans to institute a 15% excise tax on Jan. 1 for all weed sales, no matter how many grams of marijuana are sold.
The tax may still lead some to seek out cheaper cannabis on the black market. That will limit the amount of sales from dispensaries, which could affect the profitability of publicly traded U.S. marijuana companies.
But the tax plan also reiterated the Canadian government’s commitment to legalize marijuana by July 2018.
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And when marijuana is fully legalized in Canada, it’s going to create a cannabis gold rush…
Canada’s retail cannabis sector will be worth between $4.9 billion and $8.7 billion annually, according to consulting firm Deloitte.
Marijuana-related services and products, like testing labs, growers, and security systems, will increase that total as high as $22.6 billion.
And when you factor in the revenue from cannabis-related taxes, tourism, and licensing fees, that number may be too conservative.
That’s why the biggest gains for Canadian pot stocks will be made by staking your claim right now in the soon-to-be $22.6 billion industry…
How to Cash In on Canadian Pot Stocks
Like with any investment, we always encourage our readers to do their due diligence before buying marijuana stocks.
Also, we never recommend risking more capital than you can afford to on speculative investments.
But thanks to this historic legislation, tiny pot stocks trading for under $5 are getting set to double, triple, or even quadruple.
Money Morning Director of Technology & Venture Capital Research Michael Robinson is our renowned pot stock expert and one of our most prominent and respected investing “gurus” here at Money Map Press.
And for good reason.
He’s been a board member for a Silicon Valley venture capital firm and a senior advisor to 12 high-tech startups.
He’s also a Pulitzer Prize-nominated writer and reporter, lauded by the Columbia Journalism Review for his aggressive style.
In an exclusive interview with Money Morning, Robinson shares all the good news – including details on five tiny weed stocks that could potentially turn a small stake into $100,000.
We’ve already seen gains throughout the market as high as 516%, 523%, 416%, 436%, 293%, and 272% – just to name a few.
But the recent news from our neighbors to the north could blow all that away.
Turn a Small Stake into a Fortune: A new, earth-shattering government announcement could completely change the legalization of marijuana – forever. In fact, thanks to this historic legislation, tiny pot stocks trading for under $5 are getting set to double, triple, or quadruple. In an exclusive interview with Money Morning, pot stock expert Michael Robinson shares all the good news – including details on five tiny weed stocks that could potentially turn a small stake into $100,000. Click here to continue.