California’s complete legalization of cannabis is a huge catalyst for this booming growth industry.
Legalization is an unstoppable trend. And early investors have a chance for triple-digit profits in 2018 (go here for my top three stocks to BUY NOW).
Today, I’m going to explain why California’s change is such a big deal. Plus, you’ll discover why this is the latest catalyst for America’s single biggest growth market.
On Jan. 1 at 6 a.m., dispensaries across the state of California with a temporary license will be able to start selling cannabis to anyone over the age of 21.
People across the Golden State – waking up from awful Champagne-induced hangovers – will be able to legally walk into a shop and buy some weed.
Now, legal weed isn’t new in California. The state was the first to legalize medical marijuana in 1996. The state has been slower than some others to embrace full legalization . . . until now.
It’s important to understand the dramatic impact that California will have on the growth of this sector.
Overnight, the size of the U.S. market for recreational marijuana will DOUBLE.
California’s population of 39.2 million is larger than the combined population of every state currently allowing the sale of cannabis for recreational use.
It’s also worth pointing out that California is larger than Canada (population 36 million), where legalization is slated for July 1.
California’s Pot Market
So, how big is the market for cannabis in California?
Last year, medical marijuana was a $2 billion business in California. That’s more than the entire market for cannabis in the states of Colorado and Washington – combined.
Meanwhile, the black market for illegal cannabis is estimated to generate annual sales of $5.7 billion.
A study from University of California at Davis estimates that California’s recreational sales will total $5 billion.
Let’s put that in context of the total market size in the U.S.
Ackrell Capital estimates that the total U.S. market in 2017 is $6.7 billion, including both medical and recreational sales. Meanwhile, boutique cannabis research firm ArcView estimates $8.1 billion in sales this year.
Assuming the estimates from U.C. Davis are correct, California could help this industry grow by 68% next year.
Those numbers are tough to ignore.
Ground-Floor Opportunity for Investors
Just compare that with 2% to 3% GDP growth. And that’s why I’m so excited about the ground floor opportunity with legalized cannabis.
“Is it too late to invest?”
Whenever I share my thoughts on legal weed, folks always write in to ask whether this is STILL a good place to invest.
My answer is always the same: YES, YES, YES!
Now, you’ve probably missed the first two innings of this growth market.
So, you really have just two choices:
Option 1: Skip the entire game. Miss innings 3 – 9 (plus the extra innings).
Option 2: Load up now, and get on board for the exciting ride.
This is the SAME thing I told folks back in April when I bought a couple of Canadian cannabis stocks.
Since then, two of my favorite stocks are up 74% and 124%.
My top picks to buy today have a shot at triple-digit profits in 2018.
Go here now, and access my urgent briefing before Jan. 1.
Yours in Profits,