TM editors' note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.

The California recreational cannabis market is set to open next week and investors are looking for opportunities levered to this milestone in the industry.

This development has caught the attention of the mainstream media and outlets such as CNBC have recognized the magnitude of this opportunity.

The cannabis stock market has been on fire this week and many investors want to buy in before the California market opens. Today, we have highlighted three companies levered to the California recreational market and recommend keeping an eye on one in particular.

FinCanna: A New California Cannabis Opportunity

Although many cannabis stocks have already recorded significant gains, FinCanna Capital Corp has not. The company will commence trading on the CSE today under the symbol CALI.CN and we are bullish on this new opportunity.

FinCanna is a royalty company for licensed medical cannabis with a focus on California. FinCanna, led by a team of finance and industry experts, is building its portfolio of investments in scalable best-in-class projects.

FinCanna's flagship investment is to fund Cultivation Technologies Inc.'s indoor medical cannabis facility to be developed in Coachella, California. This will be a state-of-the-art facility that will include cultivation, extraction, manufacturing, testing and distribution.

We are favorable on this structure since FinCanna will own equity in the business and be entitled to a royalty based on the amount of revenue generated. This is an attractive approach and we are favorable on the deals that have already been signed.

Kush Bottles: An Ancillary Opportunity

While Kush Bottles (KSHB) does not actually sell cannabis, the company is levered to the growth of the legal cannabis market. We are bullish on Kush Bottles and find it to be one of the most attractive ancillary opportunities.