The Path To Riches Leads North

Stunning new marijuana legislation is just around the corner.

It doesn’t matter how the U.S. Government feels about pot —They can’t stop this trend on the global level.

And the most exciting news in pot is coming from our neighbor to the north, Canada.

The great “white cannabis” movement is nearly upon us, and now is the perfect time for you to get in early for huge gains.

Ray Blanco, our resident marijuana investing expert, has the full story below.

Regards,

Amanda Stiltner
for The Daily Reckoning


How “White Marijuana” Could Make You a Retirement Millionaire

By: Ray Blanco

American investors are going crazy for marijuana stocks… buying up shares of any company that’s moving to capture a part of the cannabis market.

What’s even more amazing is that these stocks are taking off even though recreational pot is legal in only eight U.S. states.

So how do you think the markets will react when legalization goes nationwide?

We’re about to get a sneak preview, thanks to some pending legislation. The law will make it legal for anyone in the country over 18 years old to possess small amounts of marijuana. It will also give companies permission to market and sell marijuana products.

Politicians seem in favor of passing the law… and it could go into effect as early as July 1, 2018.

The twist is that it’s not American companies that will profit… and I’m not talking about proposed legislation in the United States.

Instead, this legislation is happening in Canada. The companies that are poised to benefit the most are in the Great White North.

Pot in the Great White North

As you may know, marijuana was criminalized across the United States in October 1937. Nearly 80 years later, the federal government still considers it a dangerous controlled substance. Even as more and more states allow people to use pot medicinally or recreationally, Congress has yet to budge on the issue.

North of our border, however, is a completely different story. Canada has been far ahead of us on the legalization curve.

The first nationwide victory for Canada’s legalization activists came in 2001, when Health Canada — their version of the Food and Drug Administration — allowed doctors to prescribe marijuana to patients.

The only problem was that it was still illegal to sell marijuana… which meant patients had to grow it themselves or find a drug dealer.

So in 2014, Health Canada revised its rules, allowing companies to apply for licenses to supply medical marijuana. The race to provide “white marijuana” — my term for cannabis grown in the Great White North — was on!

So I’m very excited by Canada’s next big move toward legalization.

Goodbye Restrictions, Hello Profits

In 2012, Canada’s Liberal Party decided to make marijuana legalization a key part of their platform leading up to the country’s elections in 2015.

The party’s charismatic leader, Justin Trudeau, made the promise a central part of his campaign. And when the votes were cast in late 2015, Trudeau easily swept into power.

Then early in 2017, Trudeau announced plans to move forward with his marijuana promises. On April 13, 2017, he revealed his proposed law.

The bill will make it legal for adults over the age of 18 to possess up to an ounce of marijuana. They also will be able to legally grow it at home or buy it from commercially licensed growers.

Assuming the legislation passes — and with the Liberal Party in charge, there’s no reason to think it won’t — the floodgates for recreational marijuana will open on July 1, 2018.

Obviously, this is great news to every white marijuana company that trades on the Canadian stock exchange.

Consider this — in 2016, marijuana sales in Colorado topped $1 billion — or $186 per capita. Assuming that same metric could be applied to Canada’s population, their entire recreational market could be worth $6.56 billion… or 6.56 times more than Colorado’s market. Overall, Canada’s legal marijuana market could grow to $22.6 billion.

Of course, not all of Canada’s white marijuana companies will capture a meaningful share of the market. Some may go out of business altogether.

Right now it’s still too early to tell which white marijuana companies will have any real staying power once Canada’s final prohibitions are lifted. Many are simply caught in a bubble — enjoying a ride up thanks to investors who don’t know any better.

That’s why I’m recommending a different approach. I’ve used my proprietary charting system to pinpoint the strongest white marijuana companies out there.

I don’t mean ones with the strongest business models, management or even customer base. Instead, I’m talking about the Canadian cannabis stocks in the strongest uptrends.

The plan is to jump on these stocks now and ride them as far as they go. If they follow the patterns that we expect, we could see huge gains, and you could too!

To a bright future,

Ray Blanco
for The Daily Reckoning

The Daily Reckoning