Legal marijuana sales will kick off in Canada on Oct. 17, and a shocking amount of early money will potentially flow into the country.
From Oct. 17 until the end of the year, Statistics Canada expects the country’s legal cannabis sales soar as high as $1.02 billion.
And that’s just the start of how much money will be spent on cannabis in Canada.
Canadians spent $4.8 billion on illegal marijuana purchases in Q2, according to High Times. As more dispensaries open and more legal marijuana is sold, money in the black market will flood into the legal market.
So even though $1.02 billion is an impressive number, this early look at sales could be too conservative of an estimate…
You see, this single change to marijuana law opens the door to tens of billions of dollars.
And we think it’s going to mint a brand-new generation of millionaires.
This is a quantum leap forward for the cannabis industry.
That’s why many U.S.-based companies are already moving north of the border.
For the first time, they’re looking to list on the Toronto Stock Exchange instead of the U.S.
Just a few weeks ago, Chicago-based Green Thumb Industries raised $67 million with an IPO on the Canadian Securities Exchange.
Your Path to $2 Million: One new law is expected to change everything for the legal cannabis industry. To learn about three marijuana companies that could help put $2 million in your pocket by summer 2019, click here…
And it’s not the first.
In the last few months, we’ve seen U.S. pot companies like MedMen, Liberty Health Sciences, and Chalice Farms list their companies in Toronto… with more announcing their intention to do so as soon as they can.
This is a situation unlike anything we’ve ever seen.
And it’s so critical that, for the first time ever, we’ve invited all 2.6 million Money Morning subscribers to listen in to this urgent marijuana briefing so that you can hear the details for yourself.
We want you to have a chance to experience what it’s like to watch a single investment change your life forever.
About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.To get full access to all Money Morning content, click here.
Disclaimer: © 2018 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.