Buy American.
It’s a phrase I heard a lot while growing up.
My family was always quite passionate about “buying American” so as to help ensure domestic job creation.
Certainly an honorable cause, although “buying American” has never been the catalyst for my own personal purchasing decisions.
While there’s plenty of quality furniture, fly rods, and kitchen utensils in my home, all of which were made in the United States, there are simply some things that other countries just do better.
In my opinion, Ethiopian coffee is the best in the world.
You will find no better chunk of cheddar than that which comes from Neal’s Yard Dairy in England, and if you’re looking for a quality watch, there are few places that do it better than Switzerland.
The truth is, every country has some kind of product or service that it’s known for. And certainly some are more valuable than others.
China’s ability to crank out cheap products fast turned the Middle Kingdom into the second largest economy in the world.
Need the best weapons money can buy? The U.S. has you covered.
The Germans, who tend to be quite meticulous and efficient in everything they do, generate hundreds of billions of dollars every year by exporting quality machinery.
Sometimes it’s a matter of natural resource advantages, sometimes it’s a matter of skill, and sometimes it’s just a matter of first-mover advantage. And it’s the latter, dear reader, that’s about to turn Canada into the international distribution hub for legal cannabis.
Legal Cannabis Goes International
Across the globe, more and more countries are starting to legalize or decriminalize cannabis. These include but are not limited to:
- Spain
- The Netherlands
- Italy
- Germany
- Portugal
- Switzerland
- Czech Republic
- Poland
- Estonia
- Mexico
- Argentina
- Ecuador
- Costa Rica
- Peru
- Uruguay
- Australia
- Israel
Now, while it’s not particularly difficult to grow cannabis in any of these countries, the Canadians are proving that because of their early-mover advantage (and an enormous amount of capital investment), they’re landing a ton of new export deals that are quickly putting Canada on the map as the main hub for cannabis exports.
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The Most Lucrative Cannabis Market on the Planet
Today, Canadian cannabis companies already have export deals in place in Australia, Brazil, the Cayman Islands, Chile, Croatia, Cyprus, Germany, New Zealand, and South Africa. And rest assured, there are more to come, as some of the biggest cannabis producers in Canada are inking new export deals in an effort to expand their market presence.
Now, currently, there are 23 publicly traded cannabis companies operating out of Canada, and there are about a dozen more that will be going public later this year and in 2018.
Of course, this isn’t just the result of export opportunities. This is mostly the result of C-45, which is the nationwide adult-use legalization bill that will become law next July. Once approved, it will no longer only be legal to buy, sell, and consume medical cannabis in Canada, but it will also be legal to buy, sell, and consume cannabis for recreational purposes.
It will be at that point when Canada will officially become the most lucrative cannabis market on the planet. And that’s why we’re heavily invested in this space right now.
Eight of the cannabis stocks I own today are Canadian, and I continue to buy more. Some of these stocks are actually featured in my “Beginner’s Guide to Cannabis Investing,” which you can get access to by clicking this link.
I also discuss some of these stocks at length in my “Introduction to Cannabis Investing” video, which you can watch here.
The bottom line is that while Canada’s main exports have long been monopolized by oil, wood, and maple syrup, once prohibition is lifted next year, cannabis is going to quickly rise to the top. And once that happens, we’ll be sitting on a freaking gold mine!
If you want to learn more about some of the stocks we’re already in — and profiting from — click here now.
To a new way of life and a new generation of wealth…
Jeff Siegel
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@JeffSiegel on Twitter
Jeff is the founder and managing editor of Green Chip Stocks. For more on Jeff, go to his editor’s page.
