I just got home from the very epicenter of America's legal cannabis sector – Oakland, Calif. I have one heck of a head cold right now… yet I've been bouncing all week.
That's because we just closed out the fourth annual Cannabis Business Summit & Expo, probably the biggest, most important legal weed conclave of the year.
We got the chance to talk to some of the giants of cannabis – former president of Mexico and cannabis bull Vicente Fox, for one, and Taylor West of the National Cannabis Industry Association, to name another…
Interestingly enough, two of the most significant (read: profitable) developments I've uncovered for investors weren't all that flashy.
They're interconnected issues that might not blow your hair back at first, but they're pointing to one of the most unusual "pot stock" recommendations I've ever made…
For Investors, These Details Matter
So, here's the really "boring" thing I have to tell you about today.
I'm talking about government compliance and product/service/results-based tracking. These are urgent needs in the cannabis sector right now, and it happens to be exactly why – right alongside all the growers and dispensaries that you'd expect – so many software companies were at this expo.
You see, most pot entrepreneurs start out with little experience in complying with state and local government rules or tracking their products. Plus, when they're just starting out, they don't have the staff to handle this kind of "boring" bureaucratic stuff.
And that boring bureaucratic stuff is critically important in such a brand-new, relatively controversial industry that was, let's face it, almost totally illegal just five years ago.
These businesses need to have all t's crossed and all i's dotted, lest they face crippling, potentially business-ending sanctions.
About the Author
Michael A. Robinson is one of the top financial analysts working today. 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. His 30-year track record as a leading tech analyst has garnered him rave reviews, too. Today he is the editor of the monthly tech investing newsletter Nova-X Report as well as Radical Technology Profits, where he covers truly radical technologies – ones that have the power to sweep across the globe and change the very fabric of our lives – and profit opportunities they give rise to. He also explores "what's next" in the tech investing world at Strategic Tech Investor.