New estimates show that the legal cannabis market is rapidly expanding.
It could hand investors in these U.S. “pot stocks” windfall profits in just three days.
On Nov. 6, voters in four states will vote on whether to approve legal weed.
Voters in Michigan, Missouri and Utah are expected to vote YES on cannabis referendums. Meanwhile, North Dakota is currently a toss-up.
How big are those states?
Well, they have a population of 19.9 million people.
Marijuana Business Daily – a leading industry publication – just released estimates for the size of these new markets.
It is projecting these new markets could be worth $1.7 billion to $2.1 billion.
Every new state that legalizes cannabis puts pressure on Congress to act.
When a state legalizes cannabis, it emboldens the congressional representatives from those states.
For example, Democratic Sen. Elizabeth Warren and Republican Sen. Cory Gardner introduced legislation in July to protect states’ rights related to cannabis.
Now, Democrats and Republicans can’t agree on ANYTHING…
But when it comes to legalization of marijuana, they seem to come together.
Michigan: The #2 State for Cannabis
Michigan is the grand prize on Nov. 6.
The state is currently the No. 2 state for medical marijuana. And Michigan voters will decide whether to legalize recreational cannabis use.
The state currently has 290,000 medical marijuana patients and just seven dispensaries.
Medical marijuana sales could reach $325 million to $425 million in 2018. That’s a huge increase from $100 million to $150 million in 2017.
Michigan could also become the first Midwest state to legalize cannabis.
Sales estimates suggest a market of $1.4 billion to $1.7 billion per year.
The latest polls suggest that the Michigan measure for legal weed will pass with a double-digit margin.
Most folks will be paying attention to the House and Senate races on Nov. 6.
But I’ll be focusing on the marijuana votes in Michigan, Missouri, North Dakota and Utah.
It could lead to a huge rally for these pot stocks on Wednesday, Nov. 7.
Yours in Profits,