Canada's Weed Sales Just Hit a New High -- Here's Why That Hasn't Helped Pot Stocks

Earlier this month, cannabis enthusiasts celebrated a green sweep in the United States. Five states placed marijuana legalization initiatives or amendments on their ballots, and every single recreational weed and medical cannabis measure passed. By the end of election night, the number of medical marijuana-legal states had increased to 36, with 15 of these states also allowing for the consumption and/or retail sale of adult-use cannabis.

But more than two years before the United States celebrated its green sweep, Canada was rolling out the green carpet for adult-use cannabis sales. On Oct. 17, 2018, the Cannabis Act officially became law in our neighbor to the north.

Image source: Getty Images.

Continue reading

Source Fool.com