Cannabis Watch: Five smaller companies expected to profit from Canada’s cannabis legalization

Canada’s move to fully legalize cannabis for adult recreational use on Wednesday has set the stage for the development of a new industry that is expected to generate billions of dollars in revenue.

To mark the occasion, MarketWatch profiled the six main players in the emerging sector, all of which are listed on the Toronto Stock Exchange and on U.S. exchanges or on the over-the-counter market. But there are many smaller players, too, some of which remain private companies, and many new players are expected to emerge in the coming months.

But, as the Securities and Exchange Commission has warned, not every company that is currently promoting itself as a cannabis player will survive, and, as with any emerging sector, there is a lot of potential for scams.

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