Unlike its southern neighbor, Canada legalized marijuana that is medical back in 2001. This means that the industry has developed significantly and it is perhaps not plagued with state limitations just like the united states of america, where, at the time of October 2019, you will find 33 states (and Washington, D.C.) where pot is permitted for medical use. In November 2017, the House of Commons of Canada passed the Cannabis Act (Bill C-45), permitting the use that is legal of for leisure purposes, as well as in June 2018, it received the Royal Assent (formal approval of an act by a monarch). This is based on stark comparison towards the U.S., in which the instant future for legal weed is in concern after former Attorney General Jeff Sessions overturned an Obama-era legislation that protected states deciding to liberalize appropriate cannabis legislation.
While doubt prevails in the us, investors could easily get a little bit of the cooking pot action by investing in Canadian shares which can be either noted on major exchanges or traded within the over-the-counter (OTC) areas. Many of these shares may be defined as small cap stocks. Continue reading “10 Canadian Marijuana Shares for the Profile”