CASH COW

[mick]

Canada’s economy by $22.6 billion annually. That includes growing and distribution, paraphernalia, tourism, and taxes.

Here in the U.S., states are following suit.

California has voted for recreational marijuana to go legal by January 1, 2018. That’s a market the same size as all of Canada.

As such, investors are getting positioned.

Take the Horizons Marijuana Life Sciences ETF (TSX: HMMJ), for example.

It’s up from $10.45 to $14.84 just over the course of last month — a gain of 42%.