The Motley Fool Canada

One TSX Stock for the Coming Marijuana 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 marijuana boom.

And make no mistake – it is coming. To the tune of an estimated $22.6 billion.

“Marijuana madness” is rapidly sweeping across Canada since full legalization kicked in on Oct. 17, 2018, and it’s no surprise when you consider that…

Statistics Canada estimates Canadians spent roughly $5.6 billion on marijuana in 2017 alone.

Experts have projected that number could easily quadruple in the aftermath of nationwide legalization, which means we think it’s time for investors to start paying attention.

Because whether or not you’re planning on ingesting any THC, you can’t deny the monumental investing opportunity that a potentially $22.6 billion industry represents.

But this is also a relatively new industry – untested and unproven.

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

… like picking MercadoLibre before it skyrocketed by 361% …

… Cognex before it soared 258%…

… or MongoDB before it climbed 198% …

… we’re ready to sound the alarm on the rapidly growing marijuana industry and one specific opportunity for Canadian investors.

Because a game-changing deal just went down between the Ontario government and a powerhouse Canadian company.

And that company – which now has the opportunity to rake in some of the profits from the potentially $22.6 billion Canadian cannabis industry AND estimated $150 billion global cannabis industry – is no stranger to us here at Motley Fool Canada.

Because we’ve actually recommended this TSX stock before in our flagship service, Stock Advisor Canada… for completely different reasons.

Take a look at how it’s done since we first rec’d it to our members:

• 636% returns since our September 2016 recommendation
• 54% 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 government.

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 334%
• The Trade Desk, up 290%
• IPG Photonics, up 172%
• MasterCard, up 141%

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 marijuana. If all forms of THC were banned forever across the world, 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 $22.6 billion industry emerging from the woodwork, their prospects are positively mouth-watering – and we think you’ll regret not getting invested now.

Forget penny pot stocks.

Forget untried, inexperienced cannabis farms.

THIS is the company we think you should strongly consider having in your portfolio if you want to position yourself wisely for the coming marijuana boom.

And even though this company has had unprecedented success so far and just made a history-defining deal with the Canadian government, 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 could potentially mint its own “marijuana millionaires.”

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 report is FREE to you when you sign up for Stock Advisor Canada today.

Simply enter your email below to learn more information about this one TSX stock we think you’ll likely want in your portfolio for the coming cannabis boom.

Returns as of March 4, 2019. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former Director of Market Development and Spokeswoman for Facebook and sister to CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. David Gardner owns shares of Amazon, Facebook, IPG Photonics and MercadoLibre. Tom Gardner owns shares of Facebook and Mastercard. The Motley Fool owns shares of Amazon, Cognex, IPG Photonics, Mastercard, MercadoLibre, MongoDB, The Trade Desk, and Veeva Systems. 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.