Older folks – including all those baby boomers reaching retirement age – are confronting a slew of age-related ailments, including glaucoma, cancer, arthritis, and back pain.
Cannabis-based remedies, as researchers are discovering, are uniquely suited to treating those diseases.
In other words, because of marijuana's newly understood medicinal properties, it's changing "How We Thrive" in the Singularity Era.
As that elderly population grows – and as it begins to grasp how well cannabis works to treat numerous diseases – so will the size of the medical marijuana market. And as I've been telling you in recent days, that makes legal marijuana one of the biggest profit opportunities I've ever seen.
In fact, "It is the biggest thing I've ever seen."
That's not me talking – but the CEO of a Fortune 1000 firm who's got a plan to "invest, like, half a billion in the pot business."
This move may have been risky – but it's looking like a success.
The company's first two "pot acquisitions" have already increased sales by more than 20%. That's nearly four times the growth rate of the rest of the company, and operating margins are on track to be about 30% higher than the company average.
Plus, the firm's profits are up 50% in the last four years.
And its shares have increased 33% in the past year, compared to 1.5% growth for the S&P 500.
So, as more and more states legalize cannabis, this company's shares will soar 30% in just the next 12 months… and beyond.
And so will its shareholders' profits…
While the legalization of marijuana is creating the need for acres and acres of professionally grown cannabis, you shouldn't forget the little guy.
After all, for decades thousands of consumers have been growing their own, even while risking trouble with law enforcement. By one estimate, $60 billion worth of illegal pot is grown each year in the United States.
But with marijuana legal, the number of people looking to cultivate it for their own consumption is likely to skyrocket.
The marijuana-growing market could easily top $100 billion within five years, with much of that supply displacing imported marijuana from dangerous jungles in Latin America.
About the Author
Michael A. Robinson is a 35-year Silicon Valley veteran and one of the top technology financial analysts working today. He regularly delivers winning trade recommendations to the Members of his monthly tech investing newsletter, Nova-X Report, and small-cap tech service, Radical Technology Profits. In the past two years alone, his subscribers have seen over 100 double- and triple-digit gains from his recommendations.
As a consultant, senior adviser, and board member for Silicon Valley venture capital firms, Michael enjoys privileged access to pioneering CEOs and high-profile industry insiders. In fact, he was one of five people involved in early meetings for the $160 billion "cloud" computing phenomenon. And he was there as Lee Iacocca and Roger Smith, the CEOs of Chrysler and GM, led the robotics revolution that saved the U.S. automotive industry.
In addition to being a regular guest and panelist on CNBC and Fox Business Network, Michael is also a Pulitzer Prize-nominated writer and reporter. His first book, "Overdrawn: The Bailout of American Savings" warned people about the coming financial collapse - years before "bailout" became a household word.
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