These 7 Canadian Cannabis Stocks Are Legal Monopolies

Canada is emerging as an early global leader in the high-growth cannabis industry.

Medical cannabis has been legal in the country of 30 million since 2001. Then, in 2014, Canada implemented sweeping regulatory changes that set the stage for its young cannabis industry to prosper. Since then, the industry has been booming. Sales topped $1 billion in 2016.

Today, Canada's high-growth cannabis industry is about to get another huge boost. Canada just announced plans to legalize recreational cannabis by July of 2018. That would make Canada the first developed country in the world to legalize both medical and recreational cannabis.

It's also set to unleash a multibillion dollar industry. Cannabis sales are expected to be between $5 and $7 billion in the first 12 months after legalization. That would be between a 400 percent and 600 percent increase from 2016.

According to consulting firm Deloitte, this could generate up to...

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