Los Angeles Marijuana Launch Is the Next Catalyst for the $20 Billion Pot Market

The launch of Los Angeles marijuana sales is the latest catalyst in California's massive cannabis industry. Cannabis sales in California alone could eventually reach $20 billion a year.

Marijuana investors have been waiting to profit from California's landmark legalization, and they are finally getting their chance.

California legalized recreational cannabis sales starting on Jan. 1. But Los Angeles - the second-most-populous U.S. city and the largest city in California - didn't accept applications for temporary marijuana permits until Jan. 3, according to The Cannabist.

But recreational marijuana was made fully legal in Los Angeles on Jan. 19, 2018.

The City of Los Angeles handed out a total of 55 permits to sell cannabis as of Jan. 19, according to the city's Department of Cannabis Regulation.

Now, some investors are worried that U.S. Attorney General Jeff Sessions' hardline stance on cannabis could derail the cannabis industry.

But it's simply too late to stop the forecasted $20 billion California cannabis market...

Why L.A. Marijuana Sales Can't Be Stopped

On Jan. 4, Attorney General Jeff Sessions rescinded a policy that protects states with legal marijuana laws from federal interference.

That's created uncertainty around the U.S. cannabis industry. States like California don't want to open themselves up to raids and legal battles with the federal government.

Top Three California Pot Stocks to Watch for the Biggest Gains - Learn How to Cash In Here

But California went right ahead with issuing permits, because Sessions is leaving prosecution in the hands of prosecutors...

In a letter to all U.S. attorneys on Jan. 4, Sessions said "prosecutors should follow the well-established principles that govern all federal prosecutions."

In the letter, Sessions also said those principles include weighing all relevant considerations, the seriousness of the crime, and the cumulative impact of particular crimes on the community.

In other words, nothing has changed.

With the entire state of California legalizing all cannabis use in 2017, it's unlikely U.S. attorneys in CA are going to waste their time on something that's so popular. Their mission to combat terrorism, money laundering, and gang violence will take precedence.

And California's legal weed market is creating a once-in-a-lifetime opportunity for investors who know where to look...

California Pot Stocks Could Create Millionaires

[mmpazkzone name="in-story" network="9794" site="307044" id="137008" type="4"]

We're still waiting for the final numbers to be calculated and released, but a Dec. 6, 2017, Forbes report projected legal sales in North America would reach $10 billion for 2017.

Research firm ICF International estimates California's legal marijuana revenue could eventually total $20 billion a year...

That's double all of the cannabis sales throughout North America last year.

And fortunately for retail investors, it won't just be the state of California or marijuana dispensaries making all the money...

Money Morning Director of Technology & Venture Capital Research - and marijuana market expert - Michael Robinson recently held a crucial summit to help ordinary folks make millions from California's ongoing cannabis legalization.

Today, we narrowed down the pool to three tiny California cannabis companies expected to deliver once-in-a-lifetime fortunes.

But once these small stocks go from $1, to $10, to $20, or more... you may never see a chance like this again....

Michael's been a giant in tech investing for more than 30 years. As a leading analyst and tech journalist, he's been on the forefront of just about every major emerging technology story of the last decade.

He's even been nominated for a Pulitzer Prize.

His privileged access to technology-pioneering CEOs... prize-winning scientists... and high-profile industry insiders has allowed him to consistently give investors huge gains on remarkable breakthroughs like 3D printing, the mobile wave, and shale energy technologies... well before anyone else.

Those who listened to his recommendations on rare earth metals, for example, would've seen cumulative gains of 990% in just 16 months.

Michael will be your guide in this new era.

In this crucial interview with Michael, you can learn the ins and outs of California's marijuana markets and get details on three tiny pot stocks expected to hand you the biggest gains.

 Click here to watch.

Follow Money Morning on Twitter @moneymorningFacebook, and LinkedIn.