Recreational marijuana sales will be legal in the Golden State in January 2018, and one California marijuana stock is poised to cash in on the coming $5 billion windfall...
All cannabis use is legal in California right now, but dispensaries can't sell recreational marijuana just yet.
But when dispensaries in the state can sell both medical and recreational marijuana, the legal California cannabis market will be worth $5 billion annually. That's according to a study released on Feb. 23, 2017, by the University of California Agricultural Issues Center.
With legal marijuana sales in the United States and Canada expected to total $20 billion by 2020, California alone could account for 25% of all legal cannabis sales in North America.
Fortunately for Money Morning readers, it's not just California dispensary owners who will profit from the $5 billion industry - you can, too...
The One California Marijuana Stock to Watch in 2018
Since June, we've been updating our readers about one marijuana stock in California.
Now, it's true the stock price for this pot stock has been volatile. It has traded for a low of $0.14 and a high of $0.54 in the past 52 weeks.
Today, it opened at $0.18 per share.
These Four Events Will Make Marijuana Investors Rich
And as we always tell our readers, cannabis stocks are not for risk-averse investors. Cannabis is illegal under federal law, which makes pot stocks speculative investments.
But for long-term investors who understand the risks, we had to make sure you knew about this California marijuana company before sales really take off.
Special Report: Cannabis Is the Gold Rush of the 21st Century - 30 Stocks to Invest in Now. Details Here...
Some marijuana stocks are already seeing triple-digit gains of 224%... 378%... even an exceptional 751%.
And because this California cannabis company plans to become the "Starbucks Corp. (Nasdaq: SBUX) of weed," we had to make sure you knew about it now before January 2018.
Here's everything you need to know about the company and how to stake your own claim in the $5 billion statewide windfall that's about to happen...
How to Cash In on the Future $5 Billion California Marijuana Industry
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The one California marijuana stock to watch ahead of the legalization of retail sales in January 2018 is Terra Tech Corp. (OTCMKTS: TRTC).
Terra Tech currently has four dispensaries in Nevada and one location in Oakland, Calif., called "Blum."
And to prepare for the marijuana gold rush, it just opened a second location in the Golden State...
According to a Sept. 15 report from The Cannabist, Terra Tech purchased a dispensary in Santa Ana, Calif., for $7 million.
It plans to rebrand the shop as one of its Blum dispensaries and is looking at further expansion in the area.
CEO Derek Peterson told The Cannabist he could buy the vacant space next door and turn it into a corporate training campus, and he also sees the new location being a "flagship location."
And because of how Peterson is expanding, Terra Tech could become the "Starbucks of cannabis."
"The reason Starbucks can charge what they charge per cup of coffee is because they've built brand recognition. There's consumer adherence because of the lifestyle," Peterson told MarijuanaVenture.com.
Each of his locations is supposed to have the same feel and experience for every customer, leading to brand loyalty.
The influx of cash from California cannabis sales can increase the company's total revenue. That could attract more investors and send the TRTC stock price higher because of increased demand.
However, if Terra Tech's CEO is successful in creating a "Starbucks model," that's an even bigger catalyst for long-term revenue growth.
Peterson's strategy could make Terra Tech's Blum dispensaries the go-to dispensaries across the United States for cannabis enthusiasts.
Want to Invest in Weed and Don't Know Where to Start? Well over half of the country already has marijuana legally available in some form. Eight states plus our nation's capital have made it completely legal to anyone over the age of 21. And the marijuana stock market is preparing to take off. Watch this short video and see whether jumping on this moon-bound stock rocket is right for you.