The Motley Fool Canada

One TSX Stock for the Coming US Legalization Boom

By: Jared George
TSX stock pick
A fast-growing Canadian company just unlocked what some experts think could be the key to profiting off the coming green revolution…

And make no mistake – it is coming. To the tune of an estimated $80 billion.

Full legalization came to Canada in October 2018, but what’s even more exciting is how is rapidly it’s sweeping across North America – 10 states plus Washington, D.C., have already voted to legalize.

The industry is worth $50 billion for the U.S. today. And since experts have projected the U.S. industry to skyrocket to $80 billion by 2030, it’s time for investors to start paying attention.

No matter where you stand on the legalization debate, you can’t deny the monumental investing opportunity that a potentially $80 billion industry represents.

But it’s also a relatively new industry. Untested, unproven.

And while we here at Motley Fool Canada love being on the cutting edge of new investing trends…

… like picking MercadoLibre before it skyrocketed by 526% …

… Cognex before it soared 186%…

… or MongoDB before it climbed 305% …

… we’ve been quiet on this growing industry for a while.

Until now.

Because a game-changing deal just went down between not just one, but TWO of the largest provincial governments and a powerhouse Canadian company.

And that company – which now has the opportunity to rake in profits from the $7 billion Canadian legalization industry AND potentially the $80 billion US industry – is no stranger to us here at Motley Fool Canada.

Because we’ve actually recommended this TSX stock before… for completely different reasons. Take a look at how it’s done since we rec’d it to our members:

• 1,251% returns since our March 2016 recommendation
• 48% sales growth last quarter alone
• Estimated 98% of addressable market left to conquer

This Canadian dynamo has locked in key partnerships with behemoths like Facebook, Amazon, and now the Ontario AND British Columbia governments.

And even with all that, the company’s CEO declared that he thinks they’re only 2%-3% into what this company could eventually become.

We here at Motley Fool Canada are convinced we’re only in the VERY early days of this company’s trajectory.

Which means there could still be boatloads more profit to be had for in-the-know investors who are prepared to take action.

Now, I don’t like to brag… but we here at Motley Fool Canada have had a pretty good track record of picking trends before they get big.

Take a look at a few of the companies we picked to dominate their field:

• Veeva Systems, up 473%
• Solium Capital, sold for a 167% gain
• The Trade Desk, up 387%
• Tucows, up 90%

Just imagine the profits you’d be sitting on if you invested in these companies when we first recommended them in our Stock Advisor Canada service…

Which brings me back to this latest find.

This company’s future doesn’t hinge on legalization. If legalization was suddenly denied forever in both Canada and the United States, we think this company would still have an incredible field of opportunity. (That’s why we recommended it in the first place.)

But now that there’s an estimated $80 billion+ industry emerging from the woodwork, their prospects are positively mouth-watering – and we think you’ll regret not getting invested now.

Forget penny “green revolution” stocks.

Forget untried, inexperienced farms.

THIS is the company we think you should have in your portfolio if you want to position yourself wisely for the coming legalization boom.

And even though this company has had unprecedented success so far and just made a history-defining deal, far fewer investors than you might expect are taking advantage of this VERY rare moment…

So, due to the urgency of this recent development, we put together a painstakingly researched report that shows you how this one TSX stock is poised to take-off.

It reveals the reasons why we think every forward-thinking investor should be paying close attention to this revolutionary new industry and what might be a potentially life-changing investment opportunity.

This exclusive report is yours when you sign up for Stock Advisor Canada today.

Simply enter your email address below to learn about the one stock we think you need in your portfolio for the coming green revolution.

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Financial data as of 8/16/2019. David Gardner owns shares of MercadoLibre. Tom Gardner owns shares of The Trade Desk and Tucows. The Motley Fool owns shares of Cognex, MercadoLibre, MongoDB, The Trade Desk, Tucows, and Veeva Systems and has the following options: long January 202 $60 calls on The Trade Desk and short January 2020 $125 calls on The Trade Desk. The Motley Fool has a disclosure policy. Past performance is not a predictor of future results. Individual investment results may vary. All investing involves risk of loss.