This Top Canadian Cannabis Stock Remains a Buy Today

Indeed, it appears that there has never been a better time to jump into cannabis stocks, for those willing to speculate on these growth plays.

It states that at least one in five Canadians consumed cannabis in the last three months, which is a striking 14% rise in reported use after legalization in October 2018.

The pandemic directly or indirectly caused this increase in cannabis consumption, as almost 34% of Canadians reported that consumption increased compared to the pre-pandemic period.

As governments seek additional revenue to offset budget deficits, cannabis is one lever that can be pulled for tax revenue.

The company’s planned acquisition of Zenabis Global for $235 million will cement its position as one of the top three players in the recreational market.

It has secured a massive market share in Quebec, which is one of the largest cannabis markets in the country.

The online investing service they’ve run since 2013, Motley Fool Stock Advisor Canada, has beaten the stock market by over 3X.

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