RE:LIBERALSThe second industry winner this election, as it relates to the TSX Venture and some of the leading stories in Canada's small cap space, is the marijuana sector. Trudeau has vowed to legalize the drug. Trudeau has pledged to decriminalize marijuana Before Trudeau won a majority government, the Liberals stated, "...To ensure that we keep marijuana out of the hands of children, and the profits out of the hands of criminals, we will legalize, regulate and restrict access to marijuana. We will remove marijuana consumption and incidental possession from the criminal code, and create new, stronger laws to punish more severely those who provide it to minors, those who operate a motor vehicle while under its influence, and those who sell it outside of the new regulatory framework." Debra Borchardt of Forbes reported last week in her article titled Trudeau Lights Up Canada's Marijuana Industry that, "Medical marijuana has been projected to become a $1 billion business in Canada by 2020. The legalization of recreational use could push the industry into a $7 billion business by some estimates. Canada's economy has been suffering from the impact of low energy prices; pot tax revenues would allow Trudeau to pay for the infrastructure spending he wants and the tax cuts on the middle class he promised." Several small cap Canadian marijuana stocks began to rally as Trudeau pulled ahead in the polls leading up to the election. Their shares and trading volume have continued to trend north since his victory. When further clarification on Trudeau's intentions for legalizing marijuana is released they could see an even larger boost in market capitalization. Peter Koven of The Financial Post reported, Dundee Capital Markets analyst Aaron Salz figures the market would then be worth up to $5 billion. "The Canadian marijuana space could be set for another revolution," he said in a note. impact some well-known names on the TSX, there aren't many potential beneficiaries in the small cap space yet.