Life-Changing Profits for This Booming Sector
I’m packing up right now for my next big due diligence trip.
In the past month, I’ve traveled nearly 6,000 miles.
The sector I’ve been researching is a once-in-a-lifetime opportunity for us all.
It’s the end of a prohibition. Pure and simple, the marijuana business is where we will want to have 3 to 5 strategic investments over the next 12 months.
In D.C., at the largest cannabis conference, I learned that we are way earlier to this sector than I had first thought.
At this point, the only people who’ve made any money in the space are the attorneys and the law firms they represent.
To understand this sector fully, you need to know that for every single state and country where cannabis is legal, there are hundreds of regulations and roadblocks.
In the U.S., for example, a California cannabis business can’t simply open up shop in Colorado or even move its product from one state into the other.
Due to the Federal Government’s own view of marijuana, many large banks, like Wells Fargo, as well as payment companies, like Visa, refuse to allow a cannabis company to become a customer.
Cities, counties, the state, and the country as a whole all have different rules and regulations, which is strangling many of these start-ups with legal fees.
Of the 200 public companies, only two are profitable!
I would bet that at least 180 are either scams or destined for failure.
FutureMoneyTrends.com has identified 5 cannabis companies that we want to own.
2 are currently public companies and 3 are in the process of doing so.
All of them are either doing business in Canada or California.
The biggest profits are going to be here, and the companies that are built in California will have a competitive advantage over any similar business in North America.
1. Population: Canada and California are both over 35 million people.Colorado, for example, is only 5.5 million, while Nevada is just 2.9 million.
2. Tourism: California will have over 250 million visitors this year alone.
3. Solid support from voters, with both governments needing new revenues to pay for massive holes in their annual budgets.
Colorado, with just 5 million people, was able to generate $135 million in taxes and license fees in 2015.
On January 1st, recreational use of marijuana in California becomes legal. The state is going to see billions come in, and as a sweetener, the state will save over $100 million on incarceration costs.
Like tobacco, alcohol, and gaming, the legalization of marijuana will create a massive multi-hundred billion dollar industry in the U.S.
This is the end of a prohibition, and the road to profits will be messy. Headlines from different lawmakers will create swings in stock prices, but make no doubt that this booming industry isn’t going away.
There is no turning back the clock on this.
Support for legal recreational use is at an all-time high in the United States, with 69% approval.
The industry grew 34% last year, but this is nothing. The industry will be experiencing explosive growth once January 1st hits.
I’m about to hit the road again. I’ll be flying to Vancouver and Toronto, to make sure our letter has the best holdings in the sector.
We’re going to make a lot of money in this space, but due to the infancy of this industry, we will need to be more disciplined than ever.