It's been quite a month in the legal marijuana industry, and that's just the beginning for one of the best cannabis stocks on the market.
You see, we're starting to see more companies being able to sell and market marijuana products for their medical benefits...
Epidiolex from GW Pharmaceuticals Plc. (NASDAQ: GWPH) is based on cannabidiol (CBD), one of the major compounds contained in the marijuana plant. Unlike the better-known tetrahydrocannabinol (THC), this compound does not get you high.
Both of these compounds work with receptors in the human nervous system, but CBD's therapeutic properties are already shown to help with opioid addiction, brain cancer, Lou Gehrig's disease, and autism.
Money Morning Defense and Tech Specialist Michael A. Robinson expects Epidiolex sales alone to make $1.7 billion by 2026.
That's just the tip of the iceberg...
You can already find CBD-based or -infused products in stores, including soothing massage cream, gummies for relaxation, hemp oil capsules, infused coffee, and vaping supplies.
And because CBD also works with all mammalian systems, there are even products for pets.
Critical Update: Forget Tech or Crypto, This Will Be the Next $1 Trillion Industry
Robinson expects that the overall global medical cannabis market will reach $55.8 billion by 2025.
And he has uncovered a well-known Canadian company that's involved with marijuana production and is at the center of the cannabis oil explosion.
Its shares are currently trading on the New York Stock Exchange in addition to trading on the Toronto Stock Exchange.
This move will help unlock the stock's full potential by bringing it a wider audience, greater liquidity, and potential appreciation.
And this pot stock just raised $500 million, the largest ever for a cannabis firm...
One of the Best Ways to Play the Marijuana Boom
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Canopy Growth Corp. (NYSE: CGC) is the biggest cannabis grower in Canada and is constantly expanding its capacity.
In addition to exposure in the blossoming Canadian market, Canopy already has agreements to export products to Germany, Australia, Spain, Denmark, Jamaica, Chile, and Brazil.
But over the past year, the company started to focus on cannabis oil products, which carry higher profit margins. Sales from oils increased 107% year over year, and the segment's contribution to overall revenue rose from 14% to 18%.
Corporate investors also took note as the giant adult beverage maker Constellation Brands Inc. (NYSE: STZ) took a 9.9% stake in the company and has an option to buy more.
Constellation is no stranger to this market, either, as it gained a strong presence in California ahead of that state's vote for full legalization on Jan. 1 of this year.
Canopy's strong performance in the stock market shouldn't surprise anyone who is following the company either. Earlier this month, the company raised 500 million Canadian dollars via convertible note offering, which was the largest ever in the cannabis space. The offering was upsized 25% from the previously CA$400 million aggregate principal amount announced just two days prior.
That gives it the capital it will need to expand - and dominate - the cannabis space.
And it won't be just for casual smokers...
CBD oils will appear in many products, and as more and more governments - from state to federal - realize that cannabis is for healing, not just recreation, this industry will reach its tipping point.
From there, the sky's the limit, especially as cannabis legalization continues across North America...
This Could Be Your Chance to Be a Part of History
They've called in every favor. They've spent millions of dollars setting things up. And now they're ready to invite you to become a part of cannabis history.
On Tuesday, Oct. 23, former Speaker of the House John Boehner, together with Danny Brody, the architect behind two of the largest cannabis IPOs in history, is hosting the first-ever national event on cannabis.
Speaker Boehner and Brody both agree we've never seen an opportunity like the one we have today with cannabis - making this exclusive online event an opportunity of a lifetime that you're not going to want to miss.
All you have to do is click here to register.