First it was Canada…
Then the United States…
Last week, it was Mexico…
And this week, it’s moved further south to Colombia.
What am I talking about?
The legalization of marijuana.
Over the past few weeks, I’ve been writing about the North American legal marijuana trade, a trade that has gained enormous support over the past year and is creating millionaires faster than anything I’ve ever seen before.
The new prime minister of Canada is moving forward on his campaign promise to legalize marijuana across the entire country.
Next year in the U.S., more than half of all states in the nation will have some kind of legalization in place.
Last week, the Supreme Court of Mexico ruled that Mexican citizens can grow marijuana on their property.
And this week, we’ve learned that Colombia is now set to legalize marijuana for medical purposes.
A Major Policy Shift
It was actually announced last week…
Colombia’s Minister of Justice, Yesid Reyes, announced this policy shift, which was issued by President Manuel Santos through an executive order.
What makes this particularly interesting is that Colombia has been a longtime ally of the United States’ War on Drugs. Santos’ executive decision is essentially the first step in distancing the country from a drug policy that has cost U.S. taxpayers more than one trillion dollars (that’s trillion, with a “T”) and has resulted in the deaths of millions of innocent people.
Of course, Colombia isn’t the only country in Latin America that’s been moving away from prohibition.
Perhaps the most well publicized is Uruguay, which completely legalized marijuana in 2013.
Uruguay remains a standout, though.
In Argentina, marijuana has been decriminalized for personal use in small amounts. The same holds true for Bolivia, Chile, Costa Rica, Ecuador, Brazil, and Peru.
No End in Sight
Take a look at this map…
Click Image to Enlarge
Highlighted are the countries or regions where marijuana has either been or soon will be legalized or decriminalized.
Now consider this…
The amount of legal marijuana currently in production (legally) couldn’t even supply 1% of this pent-up demand.
It doesn’t take a rocket scientist to figure this one out, folks.
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Over the past few weeks, you’ve probably read quite a bit about the new market for legal drug dealers.
These are regular, everyday people who can make an enormous amount of money by partaking in the legal marijuana trade.
Forget what you know about drug kingpins or street corner dealers. That’s not what we’re talking about here.
I’m talking about people just like you and me, who sit behind a computer in a climate-controlled office building making a few, completely legal trades in the legal marijuana space. And making a fortune in the process.
As long as more and more governments continue to decriminalize and legalize marijuana, there’s no end in sight.
But make no mistake…
The big money is being made right now, and those who sit on the sidelines will continue to lose out on what is easily the greatest investment opportunity of the decade.
To a new way of life and a new generation of wealth…
Jeff Siegel
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Jeff is the founder and managing editor of Green Chip Stocks. For more on Jeff, go to his editor’s page.
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