At this point, we have no idea how the government will control the sale of legal pot. Will we be able to buy it at gas stations or grocery stores like cigarettes today? Or will the drug only be sold at special dispensaries like in the U.S.?
One Canadian retailer that looks poised to carry medical marijuana no matter what happens is Shoppers Drug Mart. The division of Loblaw Companies Limited (TSX:L) has already applied to Health Canada for a license to stock the stuff in its pharmacies. If this gets approved, Shoppers will be the first major pharmacy chain to carry medical marijuana.
There's another way both Loblaw and Shoppers can benefit from greater marijuana use. After smoking, many people will go to the snack aisle and load up on high-margin chips, chocolates, and other treats.