The big day is nearly here. In 36 days, the green flag will officially wave in Canada, opening licensed dispensaries’ doors to legal recreational marijuana sales. When the industry is fully operational, it could add up to $5 billion a year in sales, atop what it’s already generating from domestic medical weed sales and via exports.
But moving forward, it’s probably going to be a lot harder for marijuana stock investors to make money. That’s because the time for promises has ended now that Wall Street will be looking for tangible results. This means pot stocks that offer competitive advantages might prove attractive to investors. Throughout the industry, there are four such niche pot stocks that bring massive market share potential to the table.
Possibly one of the more intriguing names for investors to consider is CannaRoyalty(NASDAQOTH:CNNRF), which is based in Canada but is very much rooted in California’s burgeoning pot market. Though CannaRoyalty got its start as an investment company, nowadays it’s looking to corner as much of the cannabis distribution market share as possible in the Golden State.