Editor’s Note: Michael first shared this easy-to-own, low-volatility play on legal weed back in October 2017. As he expected, the shares have been moving nicely upward since then. Today, he believes that this play still has room to grow, in advance of a massive cannabis stock trigger: California’s impending total legalization of marijuana on Jan. 1 (click here for a look at Michael’s sector research). Simply put, Michael thinks this is a stock every investor should own before California goes fully legal. Here’s why…
The legal cannabis sector is no longer the "Wild West"-style marketplace it was back in, say, 2013, but there's still plenty of volatility compared with the placid broader markets.
Then again, that's why the right pot stocks reward forward-thinking investors with triple- and quadruple-digit gains. In fact, there's a bevy of micro- and small-cap companies, any one of which could be the next mega-cap blockbuster – the long-sought-after "Starbucks of weed" or "Facebook of pot."
My Nova-X Report's Roadmap to Marijuana Millions model portfolio is chock full of those kinds of stocks. Right now, my paid-up members are sitting on gains as high as 915%… 520.6… 442.7%… and five more triple-digit winners. (If you'd like to find out how to take advantage of this green revolution and get in on opportunities like those, click here.)
But I don't want to leave anyone with the impression that the only way to make a killing on pot stocks is to buy small, volatile companies. The gains from my Scotts Miracle-Gro Co. (NYSE: SMG) and GW Pharmaceuticals Plc. (Nasdaq: GWPH) recommendations prove that just isn't the case.
Then there's the company I want to tell you about today.
It isn't likely to quadruple your money quickly, but you'll likely smash the market with double- and even triple-digit gains, and it pays a dividend that puts you way out ahead of inflation and low interest rates, too.
What's more, all kinds of small, legal cannabis companies are beating a path to its door for help with a very tricky problem…
This Was a "Watershed Industry Moment" for Pot Stocks
USA Today enthusiastically hailed Microsoft's June 2016 move into the legal marijuana business. I was excited, too.
No, the Redmond, Wash.-based tech juggernaut won't be marketing stony edibles or any potent new strains of weed.
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.