Canadian Marijuana Stocks Moving Forward

There’s little doubt in my mind that the future of the pot stock market lies in U.S. marijuana stocks. I’ve written about the growth potential in that segment time and time again.

I wouldn’t blame you, dear reader, if you had gotten the impression that Canadian pot stocks, by contrast, were no longer of interest. But that couldn’t be further from the truth. Canadian marijuana stocks still have plenty of potential; they just need to be handled a little more deftly compared to U.S. pot stocks.

The Canadian marijuana market has made many millionaires over the past few years (and even a billionaire or two). It’s that potential for investor profit that led us to create the Marijuana Millionaire newsletter.

The Future Of Marijuana Stocks In 2021

Health Canada wants to know how the public feels about how cannabis is sold, labelled, and researched. Industry experts expect the feedback to prompt a mild relaxation of rules for packaging and possession of infused drinks, leaving more controversial topics like advertising to a broader review of the Cannabis Act in 2021.

A new survey suggests legal cannabis storefronts are making inroads when it comes to Canada’s consumption of the drug.

The Canadian Cannabis Survey, released on Monday, shows that 41 per cent of Canadian cannabis users are typically choosing legal cannabis storefronts to purchase the product, an increase from just 24 per cent in 2019.

Meanwhile, fewer Canadians are choosing dealers and illegal storefronts, according to the results. However, the survey does note that this decrease may have been in part due to the COVID-19 pandemic.

Canadian health regulator on Thursday raised concerns about the large quantity of medical marijuana people were growing at home, after its data showed a significant jump in daily average production permitted by health care practitioners.

While the practitioners can allow registered patients to grow limited amount at home for personal use, the regulator's findings show that such authorizations rose to a staggering 36.2 grams by the end of March, compared with 25.2 grams in October 2018.

Meanwhile, average purchases by registered patients, who can buy pot from licensed producers and federal medical sellers, have stayed as low as 2 to 2.1 grams every month, data showed.

The 2020 Canadian Cannabis Survey provides a snapshot of Canadians' knowledge, attitudes and behaviours related to cannabis

OTTAWA, ON, Dec. 21, 2020 /CNW/ - The Government of Canada has taken a public health approach to cannabis legalization and regulation, which includes collecting data on an ongoing basis to better understand how Canadians view and use cannabis. On October 17, 2018, the Cannabis Act came into force, providing a strict national framework for controlling the production, distribution, sale and possession of cannabis in Canada.

Arianne Persaud has been using more cannabis this year, after losing a restaurant industry job at the beginning of the COVID-19 pandemic. To cope with the stress of being unemployed, Persaud initially turned to alcohol. But Persaud decided to cut down the drinking and consume more cannabis for relief after noticing a decline in physical and mental health. “With alcohol there’s always this extreme emotion, it’s either you’re celebrating something or drowning in your sorrows,” said the Toronto resident. “I find with cannabis, I’m able to use it in a way that’s mindful, I can be alone and meditative.” Persaud isn’t the only one using cannabis more as the pandemic continues to rage.

It's been a crazy year on Wall Street. Investors only have eyes for the unrelenting rally in and growth prospects of tech stocks. But they might be overlooking an even greater growth story: marijuana stocks.

Though cannabis stocks have been on a wild ride of their own over the last five to seven years, we're beginning to see the first signs of industry maturation. In October 2018, Canada became the first industrialized country in the world to roll out the green carpet for recreational marijuana sales.