Tags: Marijuana Industry
Stocks: CNNRF

The Marijuana Stock You Need to Know Before Edible Sales Skyrocket 582%

By , Sr. Cannabis Editor, Money Morning •

In my report last week about the Canadian marijuana market, I shared an important data point: Edible marijuana sales could skyrocket 582% between 2019 and 2021.

The interest in the report was overwhelming, which is why I wanted to give Money Morning readers a marijuana stock that could capitalize on the massive sales increase.

Pot Brownies

Now, it's true the Canadian government has yet to authorize edible sales.

But there are "rumblings" that cannabis-infused edibles will be sold in 2019, according to a Brightfield Group report.

By having edible marijuana stocks on your radar now, you have the potential to set yourself up for the largest long-term gains before legal sales kick off.

And there's one Canadian cannabis company I've uncovered that has three edible subsidiaries in California.

When Canada officially approves of marijuana edibles, this company can easily expand its edible operations up north.

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In the meantime, shareholders can profit from the company's operations in California, which just legalized recreational marijuana sales on Jan. 1, 2018.

Here's the one pot stock you need to know about before edible sales skyrocket 582%...

The One Marijuana Stock to Watch Before Edible Sales Explode

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CannaRoyalty Corp. (OTCMKTS: CNNRF) is headquartered in Canada, and it has three holdings in California that sell edibles: Soul Sugar Kitchen, Stokes Confections, and Care By Design.

Unlike directly buying cannabis buds to put in rolling papers or other paraphernalia, edibles offer a discrete and smoke-free experience.

That can create a bigger market for cannabis products, and it also allows dispensaries to sell edibles for a premium.

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Marijuana edible sales in the United States totaled $7.2 billion in 2016, and they can account for 25% to 60% of dispensaries' profits, according to Forbes.

And CannaRoyalty has three locations to take in its share of the billion-dollar edible market...

These companies offer everything from gummy candy to quality chocolate truffles.

Again, legal edible cannabis sales might not kick off in Canada until 2019.

But when they do, sales are expected to skyrocket from 75 million in 2019 to $512 million in 2021, for a 582% surge. And CNNRF is well-positioned to profit from the growth.

But a select group of Canadian marijuana stocks are poised to grow even more, and we know exactly how to find them.

That's why having a marijuana guru like Money Morning Director of Technology & Venture Capital Research Michael Robinson at your disposal separates Money Morning readers from everyone else...

Thanks to his previous marijuana stock reports, some Members have returns of 816.7%... 766%... 417.6% ... 214%... and five more triple-digit winners.

In an exclusive interview, Robinson shares all the good news - including details on five tiny weed stocks that could potentially turn a small stake into $100,000.

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