Despite a rapidly growing underlying industry, investors in the publicly-traded cannabis stocks have been dodging landmines for several years now, with few companies producing solid returns so far and many flaming out completely. The companies, for the most part, don't come close to matching the industry, with the vast majority of the 360 or so that I track appearing to be nothing more than opportunists trying to cash in on the popularity of the industry with traders and investors rather than actually building real businesses. While public company investors wait out the arrival of companies that better reflect the promise of the industry, there is one area that not only offers promise but that is actually delivering solid growth in both sales and share prices: Canada. Here are three reasons why investors should pay attention:
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.