Today Is the Biggest Day in the History of Cannabis - Here's What to Expect Next

After months of wrangling, speculating and waiting, Canada marijuana legalization officially happens today (Oct. 17). This is the day that medical, recreational, CBD, and everything in between will be fully legal, and it will be a huge catalyst for investors who act now.

This is the real deal, too. The market in Canada alone could soar to $22.6 billion. And smart companies are already making their moves to get in on the action.

For example, big alcohol companies are already interested.

Critical: Former Speaker of the House Reveals When Cannabis' Prohibition Will End - Click Here for Details

Constellation Brands Inc. (NYSE: STZ) announced its blockbuster investment in Canopy Growth Corp. (NYSE: CGC) on Aug. 15.

And other beverage companies are not far behind. Coca-Cola Co. (NYSE: KO) is in "serious talks" with Aurora Cannabis Inc. (OTC: ACBFF) about producing cannabis-infused drinks, according to Bloomberg.

Even Walmart's Canadian division is exploring adding CBD products to its shelves.

And of course, legal drugs treating many disorders from epilepsy to cancer pain have already been approved in several other countries.

The cannabis wave is only getting started.

Today, we want to help our readers navigate the Canadian marijuana market by taking a look at exactly what it means for marijuana stocks, and what we can expect going forward. Plus, we even have a historic opportunity for you to get involved in a first of its kind cannabis summit...

What Canada's Marijuana Legalization Means for Pot Stocks

Just look at how several cannabis stocks, Tilray Inc. (NASDAQ: TLRY) and Aurora Cannabis are already experiencing unbelievable growth.

Tilray is a leader in medical cannabis research, cultivation, processing, and distribution. It has the distinction of being the first cannabis stock to be listed on a U.S. stock exchange. And since its July 2018 initial public offering at $17.00 per share, the stock is up 831.6% to $158.38. That does not even include its temporary spike up to $300.00 on Sept. 19.

Canada marijuana legalizationAurora boasts an annual growing capacity of 1.2 million pounds and a significant international presence with sales and operations in 14 countries. The company reported revenue of $19.1 million for the fourth quarter and $55.1 million for the year. That's up 223% and 206% year over year, respectively. Plus, Aurora raked in quarterly net income of $79.3 million, compared to a net loss of $4.8 million a year ago.

While both of these stocks are still on the speculative side, Money Morning Defense and Tech Specialist Michael A. Robinson says, "The day when we can legitimately call them 'blue-chip pot stocks' won't be long in coming."

And now that Canada has fully legalized cannabis, we want to show you what's next for the country.

With a massive policy change like this one, there are bound to be a few stumbling blocks as each province and municipality regulates cannabis its own way. But it means there will be opportunities too...

What Will Happen Next in Canada's Legal Marijuana Market

[mmpazkzone name="in-story" network="9794" site="307044" id="137008" type="4"]

No doubt, there will be growing pains ahead for the industry.

There always are when we see an Earth-shaking event such as a sovereign nation unleashing decades of pent-up demand with the stroke of a legislative pen.

Some companies will dominate. Others will find themselves as acquisition targets as the industry consolidates. And others will get run over in the frenzy.

The 4 Cannabis Stocks to Buy Now - Profits of Up to 1,000% Could Be Likely This Election Year!

Despite some of the uncertainties, the legal cannabis market will be huge so investors must give it a little time to settle down. Armed with this knowledge, investors should not be afraid to invest here.

Still, investors should approach the sector with eyes wide open. We've identified two risks marijuana investors should look out for.

First, people got too excited during the build-up phase to legalization. Specifically, enthusiasm for the gold mine that will be coming pushed some stock prices up rather quickly. In some cases, too quickly.

What that means is that some stocks will be prone to pullbacks as trading begins. But rather than signal the end of the road, it will likely become a buying opportunity, allowing investors to own these stocks at more attractive prices.

Second, the actual implementation of legalization won't be smooth. While theoretically, you can now go down to the corner store to buy cannabis as easily as a beer, the supply chain and distribution networks are unproven.

That means possible disruptions as business irons out the wrinkles. But again, this is a massive wave washing over Canadian shores, and there is too much at stake for businesses not to figure it all out.

It's been a long time coming, but the will of the people is now served. The industry will mature and smart investors can ride that wave to big profits.

And having an inside scoop on the marijuana industry will give you a big advantage as money comes pouring in...

Speaker Boehner Reveals Three Events That Will Transform the Cannabis Industry Forever

He's connected on Capitol Hill. He golfs with the president. And he knows all the major players in the cannabis industry.

Make no mistake, Speaker Boehner has the inside track on the future of this green gold rush.

And on Tuesday, Oct. 23, he's agreed to take you deep inside our nation's most controversial, most misunderstood, and what's quickly becoming our most lucrative industry.

Just click here to register for this free, once-in-a-lifetime event.

Follow Money Morning on Facebook, Twitter, and LinkedIn.