Analysts are calling it “Cannabis 2.0.” The term references the next wave of the Canadian adult-use recreational marijuana market. On Oct. 17, 2019, the country’s legalization of cannabis derivatives, including beverages, edibles, and vapes, will go into effect. Canada’s current “Cannabis 1.0” recreational market legalized only cannabis flower, oils, plants, and seeds.
Don’t expect the Cannabis 2.0 market to take off immediately, though. Companies must file a notice with Health Canada 60 days in advance before beginning to market new cannabis products. This means that the first cannabis derivatives products will be available for sale in mid-December.
Deloitte estimates that the Cannabis 2.0 market could be worth 2.7 billion in Canadian dollars (a little over US$2 billion). Which stocks are poised to profit the most in the expanded Canadian recreational pot market? Here’s why Canopy Growth (NYSE:CGC), Aurora Cannabis (NYSE:ACB), and HEXO (... read more at: https://www.fool.com/investing/2019/09/08/3-pot-stocks-poised-to-win-in-canadas-cannabis-20.aspx