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Canada was in the headlines all weekend – but, as far as I'm concerned, the most earth-shattering news went almost totally unreported.
This is the culmination of more than seven months of research and parliamentary debate among five separate committees. After repeated, firm, public promises among legislators – including the Prime Minister, Justin Trudeau – an incalculable amount of political capital was on the line.
And sure enough, on Thursday, right around the time world leaders started arriving in Quebec for what would be an extremely contentious G7 summit, the Senate of Canada voted in a late-night session to legalize the recreational use of marijuana across the country.
That means Canada is right at the doorstep of being the first G7 nation to open the door to legal, regulated weed.
That's right: It's not a done deal… yet. Despite rhetoric calling for legal weed sales to begin by July 1, 2018, there are still two dominoes that have to fall for legalization to come into force.
As you'll see in a second, full legalization is still a virtual certainty, but now we have some extra time – just a little – to take a look at our weed holdings with exposure to Canada…
… and make sure we're loaded up on the right stocks before this thing explodes into the markets.
About the Author
Michael A. Robinson is one of the top financial analysts working today. His book "Overdrawn: The Bailout of American Savings" was a prescient look at the anatomy of the nation's S&L crisis, long before the word "bailout" became part of our daily lexicon. He's a Pulitzer Prize-nominated writer and reporter, lauded by the Columbia Journalism Review for his aggressive style. His 30-year track record as a leading tech analyst has garnered him rave reviews, too. Today he is the editor of the monthly tech investing newsletter Nova-X Report as well as Radical Technology Profits, where he covers truly radical technologies – ones that have the power to sweep across the globe and change the very fabric of our lives – and profit opportunities they give rise to. He also explores "what's next" in the tech investing world at Strategic Tech Investor.