For marijuana stocks, there are more ways to invest in the $6.7 billion industry than just buying shares in companies that grow and sell marijuana.
That's why we're bringing Money Morning readers the marijuana stock profile of Blue Line Protection Group Inc. (OTCMKTS: BLPG) today.
Founded in 2006, Blue Line provides protection, logistics, and compliance services to businesses in the legal U.S. cannabis industry.
One of its most important protection services is the transportation and storage of cash.
You see, marijuana businesses in the United States conduct all of their business in cash because cannabis is still illegal under federal law. Marijuana dispensaries can't open bank accounts and process credit card transactions.
Unfortunately, operating as cash-only increases the odds that marijuana dispensaries will be robbed.
According to business development firm SIVA Enterprises, the odds of a cannabis dispensary getting burglarized in 2015 were 50%. In comparison, banks only had a 34% chance of being burglarized in 2009, while convenience and liquor stores only had a 20% chance.
The Biggest Pot IPO of the Year: A highly anticipated marijuana company IPO will happen any day now, and analysts are projecting a massive 254% gain right off the bat for private investors. But you must hurry. Read more.
So securely transporting and storing cash is a service every cannabis dispensary needs.
Despite the demand, BLPG is a speculative investment right now. It's a penny stock that has traded between $0.02 and $0.09 in the last 52 weeks. It also trades on over-the-counter markets, which aren't regulated like major indexes.
However, Money Morning Director of Technology & Venture Capital Research Michael A. Robinson has a new profit opportunity in the $6.7 billion industry to share with our readers.
In fact, this single "bombshell" event could unleash a new pot stock boom that will blow the doors off anything we've seen up to this point...
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Before sharing this profit opportunity, we want to make sure our readers know more about pot stock guru Michael A. Robinson.
Michael is one of our most prominent and respected investing "gurus" here at Money Map Press - and for good reason. He is one of the top financial analysts working today. Make no mistake: Michael's ideas are completely his own. He's a true original. He works solely for Money Map Press... and receives absolutely no compensation from companies he writes about.
His book, "Overdrawn: The Bailout of American Savings," was a prescient look at the anatomy of the nation's S&L crisis long before the word "bailout" became part of our daily lexicon. He's a Pulitzer Prize-nominated writer and reporter, lauded by the Columbia Journalism Review for his aggressive style.
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Michael's 30-year track record as a leading tech analyst has garnered him rave reviews, too.
As editor of the financial newsletter American Wealth Underground, Michael amassed an amazing track record using rigorous investing. The first analyst to uncover the rare earth mineral crisis, he guided his readers to cumulative gains of 990% in just 16 months.
His research is world class, too. The Oakland Tribune, Detroit News, The San Francisco Examiner, The Kansas City Times, Wealth Magazine, and American Banker all publish his reporting. He has appeared on Larry King's syndicated radio show.
Michael has an honors economics degree from the University of Missouri at Columbia with a minor in journalism.
Right now, he has his eye on what could be the biggest pot IPO of the year.
Twenty-one legal marijuana companies have soared above 1,000% gains already. Now a highly anticipated marijuana company IPO will happen any day now, and it is expected to be huge.
Analysts are projecting a massive 254% gain right off the bat for private investors.
But you must hurry. This IPO could happen at any moment. Click here for all the details...