Now that California – the world's sixth-largest economy – has a legal medical and recreational marijuana market up and running, it's the perfect time to get a finger on the pulse of that market.
It's been an exciting and profitable few weeks here…
The numbers so far are staggering – as I've been predicting they would be for months. As I mentioned earlier this month, in the days following the Jan. 1, 2018, "debut" of recreational adult use, the seven biggest pot stocks by market cap alone bulked up to the tune of $1.7 billion.
My paid-up Nova-X Report readers have seen some nice gains in our pot stock model portfolio, too.
The profits do give some idea of what's happening, but the truth is, California is such a lucrative marijuana market, and so important to the future of legal weed, that I wanted to know exactly what's been going on in the Golden State since it went "green" a few weeks ago.
I'm talking about a much more in-depth picture than you can get in the mainstream media, of course.
You won't get this anywhere else…
My Marijuana Man on the Inside
For a look at what's coming in this key state, I called one of my best contacts in the legal marijuana arena: Chris Walsh – editorial vice president at Marijuana Business Daily.
This industry newsletter not only puts out a great publication, but it also organizes some of the best conferences in the business.
I'm talking about MJBizCon, which is held in a few locations each year. I attended one last year and brought back a tremendous amount of valuable (profitable) information that I've shared with you folks over the past few months.
Walsh was the founding editor of MBD way back in 2011, when hardly anyone was talking about legalized recreational marijuana. In other words, he's basically seen it all. So I wanted to get him on the record about what he saw on Jan. 1 – the day cannabis went fully legal in California – and in the days since then.
Note: You can learn how to get access to all of Michael's California marijuana market recommendations right here. All his paid-up Nova-X Report subscribers get his favorite plays.
After all, North American legal marijuana sales totaled $6.7 billion in 2016. California – with its nearly 40 million residents – could rake in $20 billion per year in cannabis sales on its own within a few years. And by year's end, legal marijuana sales across the country could more than triple.
Here's why that's great news.
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.