Surprise! Legal cannabis is about more than just the flower
Whether you realize it or not, the marijuana industry is big business — and it’s about to get bigger.
On June 19, after months of debate in the Senate and nearly two weeks of back-and-forth between the Senate and House of Commons, Canada’s Parliament passed bill C-45, which is more commonly known as the Cannabis Act. Its passage will allow Canada to become the first industrialized country in the world to legalize recreational marijuana and in the process, tack on somewhere in the neighborhood of $5 billion in annual sales. It’s these pie-in-the-sky sales projections that have had investors piling into Canadian pot stocks for more than two years.
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