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Our grandkids (no doubt flush with comfortable inheritances) may not ever realize that Wednesday, Oct. 17, 2018, was the day "everything changed."
That was, of course, the day recreational "adult use" sales of cannabis became legal in Canada – the world's 10th largest economy and the first G7 member to completely legalize the green stuff.
This was a historic moment and a massive profit catalyst for weed investors.
And in a way, "Green Wednesday" was the start of a high-profit journey, not the end. Because, to be clear, Canada's bold move is a key part of a growing global trend.
Soon, markets around the world, including the United States, will be opening up as the end of marijuana prohibition plays out over the next few years.
Former Speaker of the House: “Forget Canada, American Cannabis Is Where the Action Is Going to Be” – Click Here for Details
No wonder Grand View Research forecasts the global cannabis sector will be worth $146.4 billion by 2025. And Deloitte says the Canadian market alone could be worth $22.6 billion in the next several years.
Big business sees the profit potential in Canada as well.
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.
Hi Micheal, any more interests on the part of Coke to partner with Aurora in the near future? Thanks to my astute wife, I have held on to our Aurora and Crons shares in anticipation of higher values (profits), Best regards…..
Did we expect the large drop in cannabis stocks following the legalization in Canada? Or did they just caught up in the downswing? Do we just ride out the huge drops?