Could Canadian Legalization of Recreational MJ Help US Pot Stocks?

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Could Canadian Legalization of Recreational MJ Help US Pot Stocks?

Flickr / Cannabis Culture / (CC BY 2.0)

Prime Minister Justin Trudeau recently introduced legislation to legalize use of recreational marijuana in Canada. The bill is expected to pass, and if it does, recreational marijuana should be allowed in the country by mid-2018. While legalization should help Canadian marijuana providers, could it also provide a boost to U.S. marijuana stocks?

U.S. stocks won’t benefit directly from Canadian legalization of recreational marijuana, but it’s possible that they could see indirect benefits over the long run.

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