The move to decriminalize and legalize cannabis is one of the great social sea changes of our age.
Consider this: In the United States alone the sanctioned market for cannabis will reach $7.1 billion this year, up from $1.5 billion in 2013 – 373% growth in barely three years.
By 2020, the market for legal marijuana will top $22.8 billion. Investment bank Ackrell Capital predicted in March that between 2016 and 2029 the market for marijuana will reach $100 billion – 1,308% growth.
Those huge numbers hide the fact that this market is still in its infancy.
After all, marijuana is still illegal in most of the United States. For that reason, there’s no accurate way of really knowing just how big this market could ultimately be.
However, one big-name tech company is positioning itself to profit as medical and recreational marijuana goes mainstream.
You could consider it an “entry point” into the wider world of the very young field of legal marijuana investing. This stock is about as safe and solid an investment as you’ll find – and it pays a generous dividend.
Still, this is a company that’s again on the rise thanks to its big moves in marijuana and other high growth fields – and so you can expect significant double- and even triple-digit gains from this “marijuana major” in a pretty short period of time.
You won’t believe what this “pot stock” is…
All eyes last night were on the U.S. presidential debate, the first of three before Election Day.
Donald Trump and Hillary Clinton faced off for 90 minutes – and some of it was entertaining… a bit of it even enlightening.
But to me, if felt like a big waste of time…
Sure, the two candidates covered international trade, terrorism, crime, “birtherism,” immigration, and – of course – Clinton’s email server.
But when it came to the economy – the engine driving the United States – all I saw or heard was a big black whole of nothing.
Sure, Trump hearkened back the 1970s – or maybe even the 1950s – and called for the return of a robust manufacturing economy (not going to happen). And I’m sure Clinton whispered something about “green jobs”… but I fell asleep there.
Where was the talk about technology – Silicon Valley’s role in the economy, the threat of artificial intelligence, online privacy and surveillance?
Besides some grandpa and grandma-just-got-a-computer-level paranoia about cybersecurity, we got nothing.
While I’m not one for endorsements – my job here is to show you how to profit on the markets, the news, the major trends – there was a candidate I wish was on the stage last night.
She could have led the conversation in a much more interesting direction…