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CannaRoyalty, a Canadian cannabis company pushing into the Golden State

Published: 14:49 31 Aug 2018 EDT

Bob Byrne, contributor for Proactive Investors tells Proactive's Christine Corrado that "if you want to invest in California cannabis, you really want to go with CannaRoyalty" (OTCMKTS:CNNRF), a Canadian cannabis company that is pushing into the Golden State.

Byrne says CannaRoyalty's CEO Marc Lustig's logic behind this push is California's growing cannabis recreation market, which he says is 10-15 times greater than the entire Canadian market. Lustig referenced data that estimates Canada's recreational and medical market will be US$3.7bln by 2021, and California's will be US$7bln by 2021.

Since CannaRoyalty's stock has been at an all-time high, Byrne says he thinks this is related to the fact midterm elections are approaching, where more states will legalize medical and recreation in those states, as well as the approaching October 17th recreational legalization date in Canada, and President Trump's current disapproval of Attorney General Jeff Sessions.

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