2 Ways To Play Canada’s Historic Marijuana Moment
The latest wave of legalization could start today.
That’s right folks, the highly anticipated vote to legalize recreational marijuana use for adults happens this afternoon.
I, along with most industry experts, expect this new wave of legalization to put early movers in a position to score riches beyond their wildest imaginations.
There’s never been a better time to invest in pot stocks for huge, lightning-fast gains than right now.
Your path to becoming a marijuana millionaire could begin as soon as today.
Here’s a few ideas to help get you started.
That’s One Good Harvest
Harvest One Cannabis Inc (OTC: HRVOF), based in Vancouver, is the first option we have for consideration today.
Harvest is a play that allows folks to gain exposure to both the recreational space, and medical space with one stock.
Harvest One is the umbrella company. But they also operate two additional business units, United Greeneries, dedicated to cultivation and their medical marijuana venture, Satipharm AG.
Yes, legalization will be a boon for this company. But we like it for a few other reasons too.
First, the company recently announced it has acquired a site to develop a new 30,000 sq foot cultivation site.
It’s a known fact that demand outweighs supply and that’s a big problem for pot companies. This expansion could give Harvest One the edge it needs.
Additionally, the company recently acquired the company Dream Water.
According to Harvest One’s website, “Dream Water is the #1 selling natural, 2.5 oz, 0-calorie, liquid sleep shot.”
Dream Water is not a cannabis product, but we’ve already seen marijuana derivatives like CBD oil used as sleep therapies. The move could be a perfect way to marry two mutually beneficial industries for big money.
And as Dream Water Canada’s CEO Stephen Dick notes in an interview with BevNet:
“We are in the sleep business, and we’ve known for some time that cannabis and cannabidiol [CBD] are going to be part of sleep remedies from now into the future.”
This, plus the way Harvest is addressing demand/supply issues, all on top of pending legalization could create a massive opportunity for fast movers.
Now onto your next option.
The Easiest Way To Play Canadian Legalization Is…
Many pot stocks are small-cap and micro-cap companies. As such they are a lot riskier to bet on.
Additionally, most folks don’t even know where or how to buy these stocks. With a wealth of experience as America’s No. 1 pot expert I sympathize.
Buying more obscure pot stocks is not impossible for your average Joe or Jane. But that said, it’s not easy either.
One of our editors experienced this earlier in the year.
He unknowingly entered a margin call while purchasing shares of a micro-cap OTC pot stock, meaning he had to double his deposit to cover his position.
We had a good laugh about that around the office. But we also realized this editor’s experience is probably more common than originally thought.
As such our second play, the ETFMG Alternative Harvest ETF (MJ), eliminates all that extra liability and risk. It also allows you to spread your stake in pot across multiple companies.
The ETF lists on the NYSE, making access as easy as can be.
The ETF’s basket is well diversified across 10 legal pot markets, with 62% of the fund’s holdings in Canada, according to InvestorPlace.com.
This means if Canada votes in favor of legalization today, this ETF should soar.
Even better you can grab your stake in this ETF at a 16% discount from it 52-week high of $37.65.
There you have it folks. Two great ways to play pending legalization in Canada.
We should have a vote by late afternoon.
Make sure your ready!
For Technology Profits Daily,
Chief Technology Expert, Technology Profits Daily
P.S. These plays are not official recommendations. As such we won’t be tracking them.
However we do think they are great ways to tap into Canada’s pending pot boom.
That said, make sure you do your own research and make sure any play you make meets your specific financial needs and goals.
And never bet more money than you can stand to lose.
Editor’s note: It’s no secret. The best pot stocks can turn pennies into fortunes.
Now, America’s #1 penny pot stock expert Ray Blanco has a new prediction. And it’s tied to the one event that could send his latest penny pot stock soaring today.