In approximately three and a half weeks, Canada will rewrite history. Following roughly nine decades of prohibition, recreational marijuana will officially go on sale in licensed dispensaries, as of Oct. 17. As Canada becomes the first industrialized country in the world to legalize adult-use pot, its cannabis companies are expected to soon be rolling in the dough. And it’s this rapid increase in sales and profitability that has investors piling into pot stocks.
A number of intermediate- and long-term red flags are budding
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But make no mistake about it: Investing in the marijuana industry is far from a sure thing. In fact, the number of concerns that could derail this epic rally has been growing by the day.
For example, there are obvious worries about what sort of role the black market could continue to play in Canada. The federal government is attempting to
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