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Within just 18 days, the market for legal marijuana in North America will triple in size.
Today, 29.2 million Americans live in states including Colorado, Washington, and Nevada where cannabis is 100% legal for both medical and recreational use. That means any adult can walk into a store and purchase pot, without restriction.
2018 marks a big year for the legalization movement. And early investors stand to earn triple-digit profits starting on Jan. 1 (click here for instant access).
On Jan. 1, California will double the size of this market overnight. That’s because California’s population of 39.3 million is larger than the combined population of ALL other U.S. states that have fully legalized cannabis.
That’s a big move for an industry that generated sales of $6.7 billion in 2016.
That’s enough of a reason for me to be extremely bullish on this sector – and these legal marijuana stocks.
But it gets even better… because on July 1, the liberal government in Canada plans to legalize nationwide use of cannabis.
Now, medical use is already permitted nation-wide. And Prime Minister Justin Trudeau has pledged to follow through on his campaign promise and make Canada the first developed country to fully legalize cannabis.
With a population of 36.3 million, Canada will dramatically grow the size of this North American market.
That means the population of the North American legal cannabis market will grow by 259% in 2018.
In fact, accounting firm Deloitte estimates that Canada could be a $4.9 billion to $8.7 billion market.
When we add in the growth of potential sales from California and Canada, we can see how huge this market will be in 2018.
- U.S. States (excluding California): $10.6 billion
- Canada: $2.5 billion
- California: $5 billion
- TOTAL SALES: $18.1 billion
That’s right – we could be looking at over $18 billion in sales for legal weed next year.
That would be over 100% growth from this year.
These estimates assume that the existing U.S. states (excluding California) experience 25% sales growth. This also assumes that 60% of California sales move to the legal market, an estimate from University of California Davis. Plus, we use Deloitte’s conservative estimate for six months of sales in the next calendar year.
It’s an $18.1 billion market . . . doubling in size next year.
Are you adequately invested? Do you own the right stocks? Are you ready to cash-in on the biggest profit situation site . . . like the internet in the 1990s?
Go here to access my LIVE briefing.
This is going to be a DEEP DIVE into California and Canada.
A rising market should boost every stock.
Right now, I’m BUYING these top cannabis stocks. My favorite stocks are positioned to double next year.
Plus, one upcoming IPO plans to produce 120,000 kg of cannabis at a new facility in California. It is lining up 70,000 kg of production in Canada.
Get instant access right here.
Yours in Profit,
Ian Wyatt