The Ayes Have It, Buy These Marijuana Stocks Now

2018-03-23 The Seed Investor
The Ayes Have It, Buy These Marijuana Stocks Now
The Ayes Have It, Buy These Marijuana Stocks Now
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This week was set to be the worst week for marijuana stocks in a months.

Everything was getting slammed.

The problem was Canada’s parliament.

After years of touting 2018 was going to be the year Canadian marijuana went fully legal, the bill which would have authorized it hit a major legislative snag.

A CBC headline warned, “Government's cannabis bill faces live-or-die vote in Senate today.”

Bill C-45, which authorizes recreational use marijuana in Canada, was facing a tough vote.

The Tories (the conservative party) were committed to defeat it and eventually voted in lockstep against it.

No one knew if the liberals and the independent senators appointed by the Prime Minister would be enough to overcome the opposition.

At about 6:36 last night the votes were in and…

The bill passed 44-29 according to the live coverage by CBC reporter John Paul Tasker (@jptasker).

What’s this mean for you?

Well, let me show you what an earlier Seed Investor analysis before the vote said:
  • If the bill passes, it’s game on for Canadian marijuana stocks.
  • If it passes, the Prime Minister’s projections for “this summer” to finalize and legalize and implement the rules and regulations regarding recreational use marijuana.
  • If it passes, a $6 billion industry will be born and the next great growth opportunity will be in full swing.
  • If it passes, Seed Investors are going to do very well in the next few months.

Again, the bill passed and it’s a matter of months now.

We see investor anticipation growing steadily leading up to “this summer” when Canada becomes the first major economy goes fully legal on recreational use marijuana.

You’ll want to be in marijuana well before then to ride that anticipation all the way to the top.

Best regards,

The Seed Investor

P.S. Sneak Preview…

After the vote last night Cronos Group (CRON) shares jumped 8% in aftermarket trading.

Cronos shares were down more than 25% in March leading up to the vote.

Look for companies with a strong recreational market focus in Canada.

The maybe opportunity for recreation focused upstarts like Hiku (CSE:HIKU OTCQB:DJACF) and Choom Holdings (OTCQB: CHOOF CSE: CHOO) too.

The recreational market is too big and too lucrative for marijuana companies to miss out.

With this major hurdle now out of the way, the major Canadian marijuana stocks like Cronos will do well. But the small and best-positioned Canadian marijuana stocks will blow them away.

Invest accordingly.

Tags
Cannabis News, Investing News
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