Oakland, Calif. – Now that I’m on my way home from the Fourth Annual Cannabis Business Summit & Expo, there’s one statistic I just can’t stop thinking about.
And that’s a big deal.
You see, people throw around a ton of numbers at these conferences. But their true values can be incredibly opaque.
Whether the data you pick up on the Expo floor is from an entrepreneur, a lobbyist, a politician, an investment analyst, a researcher, a salesperson, or even a “brand representative,” you’ve got to do some work with it.
You’ve got to put it under the microscope, turn it around in your head, and figure out what it truly means. While most of the “tips” you get are just noise, many are interesting enough to share with friends.
But only a very, very few are truly valuable.
I’m talking about a number or statistic that flips a switch in your brain – and points your way toward future profits in your investment portfolio.
And the one number that stuck with me is this – 25%.
A message from Michael…
That’s the percentage drop in opioid-based fatalities in states where medical cannabis legalization has occurred, said Aaron Smith, executive director of the National Cannabis Industry Association, during his Expo-opening speech.
In other words, states that have legalized medical marijuana experience 25% fewer opioid-based fatalities than states that have not legalized medical cannabis.
So that’s a significant – financially and emotionally – number.
You don’t need me to tell you that we’re in the middle of a huge and growing opioid crisis.
THE BIG QUESTION: What is the Kenyan Blue Whale? [And who are the Lundins?]
Overdose deaths involving prescription opioids have quadrupled since 1999. In 2015, opioids were involved in the deaths of 33,091 people in the United States. Most of these deaths – more than 22,000 (about 62 people per day) – involved prescription opioids, according to U.S. Department of Health and Human Services data.
And a study from the American Society of Addiction Medicine for 2016 found that prescription pain relievers – almost entirely opioid-based ones – are the cause of roughly 40% of all drug overdoses. That makes them by far the leading cause of accidental death in the United States. The study also found that four of every five new heroin users started out misusing prescription painkillers.
As this 25% statistic shows us, medical marijuana and cannabis-based drugs – which can be used to treat chronic pain – are going to be one of the biggest solutions to ending our opioid crisis.
And we’re just at the beginning.
You see, many states are just getting started with medical marijuana. That means its positive impact will likely surge with time.
Think about the kind of impact we’d see if cannabis-based medications, ones that could take market share from opioid-based ones, were available throughout the United States – prescribed by doctors and sold at traditional pharmacies.
Well, we’re getting there.
Despite the fact that the federal government still classifies marijuana as a Schedule I drug, the U.S. Food and Drug Administration has signaled that it will approve a cannabis-based pharmaceutical this summer or fall.
SPECIAL REPORT: Three Ways to Profit From Medical Marijuana Now.
Epidiolex, from GW Pharmaceuticals PLC (Nasdaq ADR: GWPH), earned fast-tracking status from the FDA and then blew away people with successful trials through multiple phases.
But here’s the short version…
GW is poised to literally change the prescription drug game when it comes to marijuana. And that will bust open up all sorts of new market opportunities.
That’s why my team and I saw so exhibitors at the Expo hawking lab equipment, secured transfer of product, and other pharmacy and biotech needs.
And that’s just one set of “pick-and-shovel” sub-industries cropping up as legalized marijuana – which will be a $24 billion industry in the United States alone by 2025 – spreads throughout the U.S., Canada, Mexico, and even Australia.
Any talk that the boom period is over and investors are done with cannabis is premature, if not downright foolish. This conference only galvanizes my well-researched belief that there are at least three major catalysts for marijuana companies yet to come in the next 6 to 12 months.
When you see so many new downwind industries and companies continuing to rush in, as we have at the Expo, you know there’s still something going on there… something big.
The next wave for this industry will be an exciting, profitable ride. I share it all with my paid-up Nova-X Report members in regular Roadmap to Marijuana Millions updates – and the brand-new new monthly newsletter I just told you about.
If you want to find out how to get onboard, just click here.
Have a great weekend – and think about how that 25% statistic could put you on The Road to Wealth…
I’ll see you back here soon.
- Strategic Tech Investor: Direct From the Epicenter of Pot Stock Investing.
- Strategic Tech Investor: A Trump Presidency Means Good Things for This Pharma Stock.
- Strategic Tech Investor: This Is Where the Next Trends Get Their Start.
- Strategic Tech Investor: Investors – and Bankers – Rush to Back Medical Cannabis.