Cannabis Stocks Soar in Canada

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It looks like Canada will become the first G7 nation to legalize recreational cannabis. As a result, the Canadian stock market is poised for a substantial spike this spring when Canadian Prime Minister, Justin Trudeau, plans to implement the new legislation.

Cannabis is quickly becoming the “it” stock to invest in. While initial investments have been tricky due to what feels like perpetual negotiations regarding laws and restrictions, the cannabis stock is still considered to be the most promising investment for turning a profit.

Nothing encompasses this sentiment more than Canadian cannabis holding company, Canopy Growth. Located in Smiths Falls, Ontario, Canopy Growth one of the largest legal cannabis producers in the world.

Source: 420Intel – Politics

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