Who needs Canada when you have Californiahttps://www.fool.com/investing/2018/10/12/3-top-marijuana-stocks-to-watch-in-october.aspx Sean Williams (CannaRoyalty): Rather than fall back on OrganiGram Holdings as my usual marijuana stock of the month to watch, I'd instead encourage investors to pay close attention to CannaRoyalty, which isn't even all that focused on the upcoming Canadian recreational legalization. Similar to Auxly Cannabis Group, CannaRoyalty got its start as an investment company that angled for royalties. However, that's not where it places its focus today. Instead, it's attempting to become a genuine disruptor in California's burgeoning pot market. You see, while there are expected to be thousands of products competing for shelf space in hundreds of licensed dispensaries throughout the state, there are a very limited number of distributors within the state that are legally allowed to move cannabis from Point A to B. This places CannaRoyalty in a very advantageous position, assuming it can continue to grow its distribution market share organically, and via acquisition. With limited competition as a result of California's licensing process, the company could generate predictable cash flow and command excellent pricing power. What often gets lost in the weeds (cue laughter) with Canada's legalization is that California, the fifth-largest economy in the world by GDP, could easily surpass our neighbor to the north in annual cannabis sales. Although estimates vary, as would be expected for an industry with little recreational legalization precedence, I've seen Canada projected at roughly $5 billion in annual sales at its peak, with California closer to $6 billion, if not higher. Ergo, California is actually the more impressive market over the long term, making CannaRoyalty an intriguing pot stock to watch.