Cannabis is a market on fire.
As more and more Americans warm up to the idea of legalizing cannabis, investment opportunities are likely to soar.
We favor legalizing pot actually, and not to get high. According to a Gallup Poll conducted in May, 86% of respondents said that the drug’s medicinal benefits are a main reason for legalization. Seventy percent responded that a very important reason would be to free up law enforcement to focus on other crimes.
That’s my primary reason for supporting legalization. I think there’s a lot of worse crimes and legalizing pot would free up resources to truly track down the bad guys. It would unburden the prison system too.
While 60% cite freedom of choice (also a good reason) and 56% tax revenues for local governments. If governments can increase tax revenues, then there’ll likely be a push for legalization. Local governments are drowning in red ink.
Of course, this movement to legalize pot has brought entrepreneurs out of the woodwork. With 11 states legalizing the drug thus far, there’s plenty of business to be had. For example, according to a New York Times article, marijuana related bus tours are an exploding business.
Of course, there’s a gold rush with every emerging industry. The problem is, while there will be many winners, there will be a lot more losers.
It always happens this way. It’s how capitalism works.
But Adam O’Dell has found a better way to profit in the cannabis space than becoming an entrepreneur…
Cannabis Is An Industry Of Growth
In the 1980s, when computers were gaining mainstream popularity, there dozens of software vendors producing spreadsheet and word processing applications. But Microsoft won that market. They grabbed all the market share. Virtually everyone else died.
In the late 1990s, as the Internet gained mainstream popularity, there were dozens of search engine companies. At one-time, Yahoo! ruled the roost. Even early leaders are no sure bet. Google won the game and Yahoo! is a shell of its former self and a joke of a website.
Today, it’s pot stocks. Money has been flowing into the cannabis space at a powerful rate. The largest exchange traded fund in the sector has over $1.1 billion in assets.
When it comes to stock picking in the cannabis sector, I see big advantages of active management versus investing in an index. The space is small. The sector is speculative. Avoiding the overhyped players while honing in on the potentially huge winners, those with a legitimate chance to win, will make a big difference in pot stock gains.
That’s where Adam comes in.
His new service Cannabis Paydays just launched. Adam’s systems can help separate the wheat from the chaff and boost your odds of finding tomorrow’s big cannabis winners. You can click here to learn more.