Summary Recreational cannabis is slated for legalization in Canada this July. Medical and recreational markets estimated to be at least $7 billion. Canopy is a leader in medical marijuana market and has most potential for recreational market once legalized. Current valuation seems lofty; suggest you establish a small position and accumulate shares during any potential pullbacks. All amounts in C$ unless otherwise noted and market data as of January 4, 2018. Canopy trades on the TSX where the stock has