RE:RE:RE:RE:RE:Re huge up 38 percent today It's not about Canada
Let's first address what isn't the primary reason to avoid buying Canadian marijuana stocks. It's not that the country is heading for a massive supply glut of cannabis.
Am I saying that supply won't outstrip demand in the near future? Not at all. I think that's exactly what will happen. It doesn't take a genius to compare the annual production capacity that the top growers are projecting against estimates for Canadian demand for cannabis to know that a glut is coming.
I don't think, though, that the inevitable supply glut in Canada is the top reason to stay away from Canadian marijuana stocks. Why? The executives of the biggest marijuana growers in the country know what's in store and aren't too concerned about it.