How American Investors Can Profit From Canada's Legal Pot Market – Green Rush Daily

Although recreational cannabis isn’t set to be legal on a federal level in America anytime soon, cannabis stocks still remain a cash cow for investors.

Well, Canadian cannabis stocks, that is.

A Canadian Green Rush

With Canada set to fully legalize cannabis on July 1, 2018, American investors can similarly profit from Canada’s legal pot market. Experts have predicted that there will be a $22.6 billion cannabis “green rush” upon Canada’s countrywide legalization.

While it is a somewhat extensive process for Americans to invest in Canadian stocks, it could be well worth the small inconvenience.

First off,  you’re going to have to find a brokerage that allows you to join the Toronto Stock Exchange (TSE). Additionally, they will have to allow you to convert your money into Canadian currency and deal with the varying tax laws of a foreign country.

One potential way to facilitate trading for aspiring investors is to buy Canadian cannabis stocks courtesy of over-the-counter markets (OTCMKTS). This way, investors can go through a dealer network as opposed to a traditional centralized exchange.

However, the additional work required should be well worth it for those looking to invest.

In the year 2016, North American pot sales reached over $6.7 billion, and according to a number of experts, that figure looks to increase exponentially.

Consulting firm Deloitte believes Canada’s cannabis retail should be worth anywhere between $4.9 billion and $8.7 billion annually. Additionally, pot-related products and services should increase those numbers to the aforementioned $22.6 billion figure.

And that’s not even including licensing fees and taxes, two factors that could also vastly increase revenue.

According to Money Morning Director of Technology & Venture Capital Research Michael Robinson, Canada’s legalization of the plant will have a profound impact on the market, specifically, stocks trading under five dollars a share.

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