The only cure for socialist government policies is the will of the people to defy them.
The good people of Venezuela know this to be true.
As reported by Reuters, workers at Venezuelan steelmaker Sidor are planting sunflowers and vegetables on company premises to ease a national food deficit as steel output has almost ground to a halt nine years after the company was taken over by the government.
The company says the crops are meant to boost food supply in Venezuela, which suffers from chronic Soviet-style product shortages as a result of an unraveling socialist economic system that has been exacerbated by low oil prices.
Late socialist leader Hugo Chavez nationalized Sidor in 2008. Since then, chronic labor disputes and deterioration of installations have decimated production and left a swollen payroll of employees twiddling their thumbs on the job.
In addition to growing food, workers at the Sidor plant have also built an equine-assisted therapy center for kids with special needs.
How ironic that so many socialist leaders sing the praises of social ownership and prosperity, yet these promises always seem to leave the people tired, hungry, and poor. Meanwhile, without relying on the government, it’s individuals — not the government — that end up taking care of themselves and their families.
Of course, this shouldn’t come as a surprise. Even here in the U.S., which is supposed to be this great protector of free markets, we watch the individual defy bureaucratic buffoonery on a regular basis in an effort to create wealth and provide for others.
Nowhere is this clearer than in the legal cannabis space.
5 Triple-Digit Gains
Thanks to the precious gift known as states’ rights, there are now more than 120,000 U.S. citizens employed by the cannabis industry. And this number grows by the day. By 2020, that number is expected to reach nearly 300,000.
Forbes has even suggested that this industry will end up creating more jobs than manufacturing by 2020.
As a result of more than half of the states in the U.S. now having some kind of cannabis legalization in place, local economies are flourishing in states where cannabis has been legalized.
And as an added bonus, a lot of sick folks are now able to get an alternative medication that is helping combat the symptoms of everything from epilepsy and Parkinson’s to arthritis and PTSD. The latter, by the way, has been a blessing to so many of our brave men and women in uniform who have been stricken with this malady.
As a legal cannabis investor myself, I do feel a sense of honor by defying the will of federal prohibitionists.
By investing in the companies that provide these sick folks with their medicine, I’m helping to facilitate the end of a form of prohibition that can only be described as cruel and unreasonable.
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But I’m not going to lie…
Beyond the sense of pride I feel in knowing my investment dollars are helping to bring prohibition to an end, I’m also enjoying the ridiculous amount of money I’ve made by investing in these legal cannabis companies.
Here are just a few I jumped on back in 2015 — and the gains that have since followed:
- Canopy Growth Corporation (TSX: CGC) — up 604.38%
- OrganiGram Holdings (TSX-V: OGI) — up 545%
- Aphria, Inc. (TSX-V: APH) — up 506.19%
- Mettrum Health (TSX-V: MT) — up 328.11%
- THC Biomed (CSE: THC) — up 675%
And that’s just a small sampling that doesn’t even include the private legal cannabis deals in which I’ve been taking part since 2015.
The bottom line is that while a lot of people see legal cannabis investing as a sort of socially responsible investment, it’s also an insanely profitable one. And that’s why I just released a new 77-page e-book about how you can get a piece of this action, too.
The book is called How to Become a Legal Drug Dealer: A Beginner’s Guide to Getting Rich in the Legal Cannabis Market. And in this book, I outline a number of different opportunities for cannabis investors, plus a list of 46 legal cannabis stocks that, quite frankly, most investors still don’t even know exist. That list can be found in chapter 9.
If you’d like to get a copy for yourself, click here.
You can also watch this short video I put together that explains — in detail — why there’s so much money to be made in the legal cannabis space, and how you can get some of that cash for yourself.
Make no mistake; there are few opportunities more profitable than legal cannabis. But it won’t always be this way. So even if you’re just curious to understand why this industry is so profitable, I strongly recommend watching this “how-to” video while there’s still time to pounce.
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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