Marijuana, weed, ganja, kush, pot, grass, joint whatever you call it, is one of the most debated topics right now both in the streets and on a federal level. The clock is ticking on the proposed legalization date of July 1, 2018 (Canada Day 151) and the various province’s are trying to figure out all the details in order to be as ready as they can possibly be.
As we all know the lucrative potential of marijuana is vast and unpredictable at the same time. Some argue that the black market is what drives the prices up and others think that if it is easily accessible the need for the black market will no longer exist. I have been following this debate (see Investing in Marijuana as a Non-Smoker) and I very interested in the both the financial aspect and the impact it will have on the society in general.
One can also argue that based on the marijuana usage in some parts of Canada, especially where I live, GTA, it’s hard to believe that it’s not already legal. So the Federal Government intervention is just seen as them wanting to cash in on that revenue that has been evading them. All in all, how you view doesn’t take away from the fact that the legalization of marijuana is coming to city and shop near you.
There are some names that pop up once you start thinking about marijuana stock investments in Canada, Canopy Growth Corporation (WEED), Aurora Cannabis Inc. (ACB) and Aphria Inc. (APH) just to name a few. Those name always seem to be trading in the news and on the various stock research sites. As I try to dig deeper in this marijuana wave I would love to hear your ideas and angles on any forms of investment in marijuana, directly or indirectly.