Two weeks ago, I wrote to tell you that, just halfway through the month of April, pot stock investors were benefitting from several powerful profit catalysts.
Any one of these would be great news for the sector, but there were three in play, all working to power weed stocks higher.
To be honest, things were looking so good, I didn't think the action could get much better…
But it sure did.
As if on cue, here in the last half of the month, some exciting, bullish new developments have come together to bring us even bigger gains.
U.S. Pot Stocks Are Set to Enjoy a Renewed "Trump Bump"
Now that California's mammoth $3.75 billion legal weed market is up and running, most of the cannabis cognoscenti have been watching Canada.
And for good reason.
This summer, Canada will become the first North American nation to fully legalize marijuana, even for recreational purposes. That's expected to add $5 billion in yearly sales to that nation's already big medical marijuana industry.
RELATED: Top five tiny Canadian pot stocks are set to skyrocket. Click here…
Even without recreational marijuana in Canada or California, North American legal marijuana sales soared 33% last year, to $9.7 billion. And marijuana research firm ArcView expects that trend to continue at a compound annual growth rate of 28% through 2021, when there could be $25 billion or more in North American sales.
But now, that attention is swinging back in America's direction.
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.