Like many of you, I’ve been watching the rapidly expanding marijuana market for a while.
My interest wasn’t piqued until that fateful day in 2012 when Colorado became the first state to legalize marijuana for adult use.
Today, we’re seeing more support than ever for this issue…
And more opportunities than ever for investors to make a fortune.
Now, like any emerging industry, there are bound to be twice as many duds as there are truly good investments.
Probably the best part of investing, for me anyway, is that you don’t have to be a part of the industry you’re investing in to make money on it.
I don’t own an electric car, but you can be sure I’m all in on those lithium plays.
Likewise, you don’t have to be a smoker to start investing in the developing marijuana industry, either.
There are enough people out there already willing to use the stuff for medical and recreational purposes, and more states are legalizing its use every year!
And even though the market’s been building itself up for years already, there’s still plenty of time to get in on some of the biggest ground-floor opportunities this blossoming industry has to offer.
Here’s how big this chance will be…
Legalization Nation
Right now, marijuana is classified as a Schedule 1 drug, alongside such notable names as heroine, LSD, ecstasy, and bath salts.
Do you honestly think it belongs in that group?
Me neither.
And even though its classification is being challenged from all sides, this could explain why its legalization across the U.S. is taking the slow route.
Slow, but steady. At this point, legalization across the board is a matter of “when,” not “if.”
Right now, only 29 states and Washington, D.C., have legalized marijuana in some way.
Seven of those states have legalized it for recreational use as well as medical use.
These states get the added benefit of being able to tax the legal marijuana businesses, too.
Next year alone, we’re expecting to see new laws passed by Arizona, Florida, Idaho, Michigan, Missouri, Nebraska, Oklahoma, South Dakota, Utah, and Washington.
These include not only legalization and taxation of medical and recreational marijuana, but retroactive legalization as well.
Still, other states are struggling to get these issues up to ballot.
Why?
They’re clearly not looking at the issue with a financial kickback in mind…
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Marijuana Industry Outlook
Let’s take a look at one major metric that’s always cited when valuing an industry: jobs.
A recent report by New Frontier Data estimates that by 2020, the marijuana industry will have created as many as 255,000 new jobs across the U.S.
That’s on par with the renewable energy job market, which has outpaced the rest of the U.S. economy 12 times over in the past five years!
Keep in mind, that’s only accounting for the states that have already legalized.
And there are more on the way, make no mistake.
By 2025, New Frontier Data estimates that the industry will generate as much as $24.5 billion in state-to-state sales, not including any tax benefits those sales will offer.
New Frontier Data executive vice president John Kagia makes a salient point:
It’s very hard to look at both the numbers and associated economic dynamics and envision that this genie could be put back in the bottle.
Essentially, the industry is only going up from here.
States are already finding new ways to evade the stigma still surrounding marijuana sales.
This process of buying and selling the commodity hits a paywall when banks refuse to process related transactions, forcing buyers to pay entirely in cash.
One credit union in Colorado, the first state to fully legalize cannabis and its products, is offering a solution.
Rather than forking over piles of cash, buyers can now download and use apps like CanPay, which run the transaction through the credit union instead of going through one of the nation’s larger banks.
Dispensaries in Hawaii, in fact, are making sales this way exclusively.
As with any market, the more these processes get used, the easier they’ll become.
Of course, we don’t intend to wait that long before jumping on this lucrative opportunity.
I’ve keyed in on what I believe will be some of the most profitable stocks across the entire industry now that this green market is gaining momentum.
And I’m finally ready share what I’ve learned. Click here for my full report, including the three stocks you’ll want to add to your portfolio today.
Until next time,
Keith Kohl
Check us out on YouTube!A true insider in the technology and energy markets, Keith’s research has helped everyday investors capitalize from the rapid adoption of new technology trends and energy transitions. Keith connects with hundreds of thousands of readers as the Managing Editor of Energy & Capital, as well as the investment director of Angel Publishing’s Energy Investor and Technology and Opportunity.
For nearly two decades, Keith has been providing in-depth coverage of the hottest investment trends before they go mainstream — from the shale oil and gas boom in the United States to the red-hot EV revolution currently underway. Keith and his readers have banked hundreds of winning trades on the 5G rollout and on key advancements in robotics and AI technology.
Keith’s keen trading acumen and investment research also extend all the way into the complex biotech sector, where he and his readers take advantage of the newest and most groundbreaking medical therapies being developed by nearly 1,000 biotech companies. His network includes hundreds of experts, from M.D.s and Ph.D.s to lab scientists grinding out the latest medical technology and treatments. You can join his vast investment community and target the most profitable biotech stocks in Keith’s Topline Trader advisory newsletter.
