Although Attorney General Jeff Sessions has begun his war against U.S. marijuana stocks, it doesn’t mean his wrath will ripple where he doesn’t have any authority. In other words, Sessions’ thoughts regarding marijuana are nothing more than that of a peasant’s in other countries. The outlook for marijuana stocks, including U.S. marijuana stocks, remains bullish and will probably be their best year yet.

With Canada approaching national adult-use recreational legalization this year, I expect nothing more than for Canadian marijuana stocks to seriously bud, especially marijuana growers. My top picks for Canadian marijuana growers are Canopy Growth(TWMJF), MedReleaf (MEDFF), and last by not least Aurora Cannabis(ACBFF).

The Canadian medical marijuana market continues to grow at a rapid pace, Health Canada reported that the number of eligible medical marijuana patients continue to grow by 10 percent each month. The medical marijuana market is enough for these marijuana stocks to remain profitable. All three of these companies have also expanded into international markets to export their dried medical marijuana to markets that either cannot meet grow demands or do not have a domestic grow law in place just yet.

These marijuana stocks also have a high production capacity in hopes to meet the demands of the highly anticipated recreational market. Keep in mind this is an entirely new market for these companies to generate revenue. Canada’s new market is forecasted to generate anywhere between $4.2 billion and $8.7 billion annually.

The North American legal marijuana market grew 34 percent in 2016 to $6.9 billion, and is predicted to surpass $21.6 billion by 2021. This suggests a five-year compound annual growth rate of 26 percent. The marijuana industry’s rapid growth is what continues to attract investors. I think that we can look forward to significant growth in Canadian marijuana stocks this year with the anticipation of legalization as the industry continues to progress. I remain bullish on the industry in general and do not see it slowing down anytime soon, sorry Sessions.

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  1. Are there any marijuana stocks that have backing from a legitimate bank? If so, what does the forecast look like for these stocks? What banks are backing them with funds?

  2. Sessions, why don’t you spend your time and efforts on something else that may have untold social and told; carnage alcohol has to brought to the table? I can get laid without getting Lady’s all intocicated. perhaps you are just a ass sir? does it give you the courage to step on mankind wile serving your protected and special interest’s that only disease and hold back a true free and dominate people. Sessions, go kill urself!

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