Earlier this evening, Canadians voted in a new federal government. The Liberal party, led by charismatic son-of-a-former-prime-minister Justin Trudeau, won by a considerable margin. (For non-Canadians: The Liberal party is a left-of-center party, akin to the the Democratic party in the US).
Among their platform “promises” (and we use the word “promises” very lightly, since we at Sin Stocks Report are very skeptical of every campaign promise ever made) is the legalization of marijuana. “We will legalize, regulate, and restrict access to marijuana.” (Here’s the full platform promise).
This is good news for marijuana companies, especially Canadian marijuana companies, including Abattis Bioceuticals Corp. (CSE: ATT), Enertopia Corp. (CNSX: TOP), and Tweed Marijuana Inc. (TSX-V: TWD).
Investors who believe that the Liberals will follow through on their campaign promise, and that the legalization of marijuana will expand the selling opportunities for existing marijuana companies, may consider investigating those companies that will most likely be selling pot in Canada.
It’s also potentially good news for snack manufacturers too, so perhaps investors might want to invest in potato chip companies as well!