Oct. 17: Green Rush 2.0 Begins
Mark your calendars, folks…
Oct. 17, 2019, Canada will unleash a new Green Rush.
And a new wave of cannabis profits is coming for fast movers.
Here’s what you need to know.
Green Rush 2.0
If you ask most average Joes and Janes they will tell you Canada is a nation where cannabis products are 100% legal.
But that’s not the case. As of right now only dried cannabis flower and oils derived from that flower can be sold legally at dispensaries.
As of right now, topicals, edibles, beverages and other extract products are still illegal to buy, sell and consume.
But all that changes this Oct. 17.
That’s the day edibles and extracts become legal, which could create a tidal wave of new profits for cannabis companies.
And in turn hand fast movers a tidal wave of profits too.
New Revenue Reaching Billions
Canada is a leading nation in the legal cultivation of cannabis. In many ways they have set the gold standard for how to end cannabis prohibition.
And now with legal edible and extract production nearly here, well-established Canadian companies will have the opportunity to carve out huge shares of a brand-new market.
And that market is going to be huge.
Deloitte recently released a new report and they claim that the edibles and extract market in Canada could be worth up to C$4.3 billion.
Additionally Deloitte notes that consumer spending on other areas (edibles etc.) will not cannibalize flower profits as it is expected that edibles and extracts will bring in a swath of new consumers who were previously on the fence.
And that will pump even more money into this industry, and in turn offer you the opportunity for big stock gains.
Now’s the Time to Act
Pot stocks are already moving, as we noted in the charts yesterday.
And many of the big names in cannabis are powering the sector’s rise this week.
Canopy Growth (NYSE: CGC) for example was one of the most beaten-up stocks of 2019. But as a Canadian cannabis leader they are in a prime position to start raking in tons of edibles and extracts revenue.
Investors are keying in on this today too. The stock is moving fast, up over 6% as of this afternoon, and looking like it’s poised for a big run ahead of Canada’s Green Rush 2.0.
CGC is only one of many opportunities ahead of us today.
Fast movers take note. The Green Rush 2.0 starts now.
For Technology Profits Daily,
Chief Technology Expert, Technology Profits Daily