As Cannabis Prohibition continues to come to an end, there are many marijuana stocks catering to the retail consumer that are flourishing. There are less than 3 months left until the official launch of the sale of legal cannabis in Canada, which sets Canada as the first industrialized country in the world to allow adults to purchase recreational cannabis legally.

Marijuana ETF’s Getting Into The Mix

(MJ ETF Top 10 Holdings)

AURORA CANNABIS INC (ACB) (ACBFF) GREEN ORGANIC DUTCHMAN HOLDINGS (TGOD) | (TGODF) CRONOS GROUP INC5. (CRON) CANOPY GROWTH CORP (WEED) (CGC) GW PHARMACEUTICALS (GWPH) HYDROPOTHECARY (HEXO) (HYYDF) CANNTRUST HOLDINGS (TRST)(CNTTF) ORGANIGRAM HOLDINGS (OGI) (OGRMF) AUXLY CANNABIS GRO (XLY) (CBWTF) CORBUS PHARMACEUTICALS (CRBP)

The Road Ahead

Certainly, with countries like Canada vowing to abolish the prohibition of legal cannabis, it could stand to reason that the world is becoming more open to this new cash crop. Cowen & Co. estimated U.S. marijuana business could reach $75 billion by 2030 if fully legalized. This could indicate the potential to see explosive growth ahead and the possibility to see a total end to cannabis prohibition in North America.

For investors that want to share in the gains of the cannabis industry, but do not want to have full exposure to the whole of the market, stocks like these and the ancillary industry as a whole, may be the solution. The cannabis market is however still very early on in terms of the growth overall.

The hopes are high that over the course of the next few years, most if not all of the underlying regulatory issues will begin to be ironed out so that the market can function at its full potential.