Complete legalization of cannabis: It was a shocking prediction from Ackrell Capital, an independent San Francisco investment bank.
For the past few years, individual states have enacted their own laws regarding the use of cannabis for medical and recreational use. Now, one respected bank is predicting full federal legalization within just three years.
They’re estimating that this market could grow to $100 billion in annual sales, with more than 50 million consumers using cannabis in one form or another.
Tonight’s LIVE briefing brings you up to speed on this booming growth sector. Plus, you’ll get details on the very best “pot stocks.”
Their research report went on to say:
“We believe that the trend toward expanded legalization at the state level will continue: a number of states are expected to hold voter referendums on this issue in the next few years . . . It is a question of when — not if — the federal prohibition on cannabis will end . . . Even with federal prohibition, the cannabis industry today is large and dynamic.”
The trend toward legalization is now underway. It’s still the early days, giving smart investors a chance to get in on the ground floor.
Marijuana Legalization Surges in U.S.
In just seven months and one week, California – the most populated state in America – will begin allowing sales of legal weed.
The milestone is huge for the industry, as California’s population exceeds that of Canada . . . as in, ALL of Canada.
This may not seem like a watershed moment for the cannabis legalization movement. After all, medical pot has been legal in California for more than 20 years.
But the arrival of legal recreational weed sales in a state of nearly 40 million people may very well be the tipping point for legalization in America.
Today, the majority of states have some form of legalization. In fact, 29 states and the District of Columbia have legalized it for medical use. Meanwhile, eight states have legalized recreational use.
That means 20% of Americans now live in a state that has legalized recreational weed.
The economic benefits of this new industry are impressive.
The now-legal industry includes growers, trimmers, processors, bakers, sales agents, security guards, entrepreneurs and investors. And everyone has a chance to make money.
Meanwhile, as states with legal recreational marijuana have essentially eliminated the need for law enforcement to focus on petty marijuana offenses, they’re also finding state coffers being filled by tax revenue generated by the legal sales. Marijuana legalization is a huge win for states.
Indeed, the marijuana industry is projected to sustain 250,000 jobs by 2020, just three short years away.
What do you think would happen if the Trump administration – or any administration to follow – tried to shut down such a large industry?
We probably wouldn’t see open revolt. After all, pot users aren’t exactly the types to take to the streets with arms. But any effort to shut down the industry given its role in local state and our national economy should be seen as political suicide.
Click right here to get access to the legal weed presentation.
Marijuana Legalization is Unstoppable
Legalization in the United States is coming. It may be coming state-by-state, as has been the model so far. Or it may come with some form of legalization at the national level, as we’re seeing in Canada right now. Either way, the writing is on the wall.
California isn’t the only state with a major milestone coming up.
Nevada is on track to begin allowing the sale of cannabis for recreational use on July 1 – just over a month away. Massachusetts is expected to begin recreational sales in January 2018, along with California’s milestone day.
Colorado led this charge with recreational marijuana sales beginning on Jan. 1, 2014. Oregon and Washington followed suit in.
Last year Colorado generated roughly $200 million in tax and fee revenue from its marijuana industry.
Marijuana sales in North America grew at a rate of 30% last year and the industry is expected to grow at that rate through 2020, when the industry will generate more than $22 billion in sales.
Meanwhile, public sentiment has shifted – and continued to shift – in favor of legalizing marijuana. Recent Gallop polling shown below illustrates that 60% of Americans now favor legalizing marijuana . . . and not just “medical” marijuana.
Twenty years ago, the percentage of Americans who favored legalizing marijuana was just above 25%. This changing sentiment has happened very quickly, and the trend continues.
The takeaway I’m hoping you’re pulling from all of the facts and figures above is simple:
Legalization is happening.
And behind that legalized market is the investment opportunity of a lifetime.
Sure, the American market will lag behind Canada’s until there is legalization at the federal level. Currently, companies that touch cannabis are restricted within the borders of their own states.
Canada’s producers and services companies have the safety of knowing their government is pushing forward with outright legalization for adults by the middle of next year.
But the American market is literally 10 times the size of Canada’s.
And then there’s research, intellectual property, biotechnology and pharmaceuticals, etc. I have no doubt that American ingenuity and innovation will shape the way we think about cannabis in the future in ways that are inconceivable to us today.
Along the way, this industry is going to make early investors like us a lot of money. And we’re excited to have you along for the ride.
Tonight’s LIVE event reveals all of our research on this booming market.
You are just one click away from attending (go here for FREE access).