Canada…
It’s the home of Wayne Gretzky, poutine, and polite people. And today, it’s my favorite country.
Why?
Because thanks to our neighbors to the north, I just watched one of my favorite Canadian marijuana stocks double.
Another one tacked on another 40%.
Medical marijuana has already been booming in Canada, but it’s about to get a major shot of steroids.
You see, yesterday we got word that liberal candidate Justin Trudeau won the general election in Canada.
One of his more popular agenda items…
Completely legalize marijuana.
Canada’s Big Score
Although medical marijuana became legal in 2001, its recreational use is still illegal. But Trudeau has vowed to legalize marijuana “right away.”
Man, it’s a great day to be a legal drug dealer.
That’s right, I said “legal drug dealer.”
This is a term I’ve been using for well over a year now to describe folks like me who continue to invest in the burgeoning legal marijuana space.
Of course, legal drug dealers have been raking it in for the past few years now. But with legalization now coming to Canada — something that’s supported by a clear majority there — it’s about to get a hell of a lot better.
In fact, just this morning, I got a call from one of my contacts in British Columbia. He’s been raising capital in the agriculture space since 1997 but started working the legal marijuana space just a few years ago.
He told me that in the past 24 hours, he’s receiving new funding commitments totaling $3.8 million. These are all from private investors looking to get in on the ground floor of Canada’s legal marijuana industry… something we’ve already been doing.
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Ride This Gravy Train for All it’s Worth
If you’re a regular reader of these pages, you know I’ve been screaming from the rooftops about this opportunity.
And if you’ve followed my advice, you’ve likely been cleaning up in the legal marijuana space.
But if not, don’t worry. There’s plenty more to come.
In fact, in my latest report on legal marijuana investing, I actually outline the entire opportunity for those just getting started. You can access that report here.
Now, one thing that’s really interesting about legalization in Canada is that it’s going to be done in such a way that the government will be facilitating the whole thing. In fact, we already know the policy position, as Trudeau’s party has already published it.
Check it out:
We will legalize, regulate, and restrict access to marijuana.
Canada’s current system of marijuana prohibition does not work. It does not prevent young people from using marijuana and too many Canadians end up with criminal records for possessing small amounts of the drug.
Arresting and prosecuting these offenses is expensive for our criminal justice system. It traps too many Canadians in the criminal justice system for minor, non-violent offenses. At the same time, the proceeds from the illegal drug trade support organized crime and greater threats to public safety, like human trafficking and hard drugs.
To ensure that we keep marijuana out of the hands of children, and the profits out of the hands of criminals, we will legalize, regulate, and restrict access to marijuana.
We will remove marijuana consumption and incidental possession from the Criminal Code, and create new, stronger laws to punish more severely those who provide it to minors, those who operate a motor vehicle while under its influence, and those who sell it outside of the new regulatory framework.
We will create a federal/provincial/territorial task force, and with input from experts in public health, substance abuse, and law enforcement, will design a new system of strict marijuana sales and distribution, with appropriate federal and provincial excise taxes applied.
Say what you want about legal marijuana, Trudeau, or his liberal party. But one thing is absolutely certain…
If you’re looking to ride this gravy train for all it’s worth, you need to be in, and you need to be in now!
Click the report below to get started.
To a new way of life and a new generation of wealth…
Jeff Siegel
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Jeff is the founder and managing editor of Green Chip Stocks. For more on Jeff, go to his editor’s page.
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