KEY POINTS
  • Cannabis stocks are the next huge growth area and wont be like Bitcoin says one wealth advisor.
  • Carol Pepper says legalization in Canada has “blown through expectations."
  • Cannabis in Canada is legal for both recreational and medicinal purposes.
Edible marijuana infused products by Dixie are displayed at the Cannabis World Congress Conference on June 16, 2017 in New York City. 

Cannabis stocks are the "next huge growth area" and the plant has "staggering" possibilities for medical use, according to one advisor to wealthy families.

"If you want to be in something that's very growthy, and actually legitimate as it is legalized and controlled properly, I think this is the place to go," Carol Pepper of Pepper International told CNBC's "Squawk Box Europe" on Friday.