Marijuana stocks have been almost unstoppable in recent years. Many, despite a recent pullback, are still up by more than 100% over the trailing year, if not more. The buzz surrounding pot stocks essentially boils down to rapid sales growth and a shift in consumer opinion.
Despite rapidly growing weed sales, Canada is running circles around the U.S. burgeoning in Canada. Medical weed has been legal since 2001, with Health Canada overseeing the industry. And legislation Prime Minister Justin Trudeau introduced in April 2017 aims to legalize recreational cannabis by this coming summer. Should Canada follow through with adult-use legalization, which looks like a distinct possibility, it would be only the second country in the world to have done so, behind Uruguay. It would also add in the neighborhood of $5 billion in annual sales.
What you need to know about Canada’s recreational pot tax
While public and political opinion are clearly going to be important in determining whether or not legal cannabis gets the nod in Canada during a Jun. 7 Senate vote, one of