Back in September, when I made "Four High-Profit Predictions About Pot Stock Investing in 2018," I recommended investors get prepared for what I believe will be one of the most significant moneymaking triggers we've ever seen…
I'm talking about California, of course, and its upcoming Jan. 1, 2018, total legalization of marijuana.
That means medical patients and adult recreational users alike will be able to use cannabis and buy from legitimate, regulated businesses starting Jan. 1 in California.
Now, as you know, legal marijuana is already booming in the 29 U.S. states where recreational and/or medical cannabis is legal.
But California, the nation's most populous state and, indeed, the world's sixth-largest economy, is in a class by itself.
Total legalization here could open up the money floodgates for folks who own the right stocks.
So let's look at what we know so far… and why this is huge news for small pot stocks.
New Laws Put the Market in Much Clearer Focus
So, we knew legalization in California was going to be "big," and now that the California Bureau of Cannabis Control has released 276 pages of regulations that the Golden State's marijuana businesses must abide by next year, we've got a better idea of where this is going.
Because, as one of my "rules" for cannabis investing goes, "When laws pass, pot stocks soar."
The numbers here are absolutely staggering. California's market is bigger than any U.S. state, and even than all of Canada. We're talking $7 billion a year – just to start.
Arcview Group expects revenue to jump to more than $21 billion by 2021.
I'll show you why the Golden State might as well change its name to the Green State; it's about to become ground zero for pot stock profits.
These regulations should be great for California's weed market. They do mostly what I expected, although, as you'll see, there are a few welcome surprises, too.
They're largely common-sense steps designed to make the market work and keep users and non-users alike safe. That's great news for investors.
Take a look…
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.