Canada is about to fully legalize marijuana nationwide, making it acceptable for both medical and recreational use. Such a development has been a long time coming, but with cannabis inching closer and closer to full legalization, one country would eventually have to be the first to do it. Canada is going to be that country, the first G7 nation, and the affect this will have on the cannabis market is huge. Companies dealing in medical grade cannabis already rake in billions despite restrictions. Legalization of recreational use can only bring in more money.
Stateside, recreational marijuana is relegated to the few states that have legalized it. Medical grade cannabis remains unavailable nation-wide, but the states legalizing it are increasing. It will take more time but eventually all fifty will come over to the cannabis side. Investors located in the U.S. can still get involved Canada’s cannabis profits, and master investor Matt Badiali knows how.
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— Matt Badiali (@MattBadialiGuru) September 17, 2018
Matt Badiali has been following recent development in Cannabis and has some tactics U.S. investors can use. One is investing in stateside cannabis companies that supply Canada. Some of them have just received big contracts in preparation of Canada’s legalization. These companies are set to make big profits, and investors buying stakes in them will earn great returns. Investing in companies that profit off of Canadian cannabis is another strategy to take. If cannabis profits soar, any business related to them will also benefit. It is a domino effect. Many of these companies are located stateside giving investors another way to take part in the cannabis boom. The final way is a new innovation coming from alcohol companies.
Constellation brand, the company behind Coors, has invested money in a new beverage that combines alcohol and cannabis. According to Matt Badiali, marijuana infused drinks are slated to the future of cannabis as drinking marijuana is apparently better than smoking. Matt Badiali has been following Constellations efforts and identifies the company as one to definitely watch. Cannabis-infused drinks would gain no traction stateside as only a few states would have them. Canada’s legalization gives them a market to flourish in. Investors may also flourish if they invest at the right time.