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 a 35-year Silicon Valley veteran and one of the top technology financial analysts working today. He regularly delivers winning trade recommendations to the Members of his monthly tech investing newsletter, Nova-X Report, and small-cap tech service, Radical Technology Profits. In the past two years alone, his subscribers have seen over 100 double- and triple-digit gains from his recommendations.
As a consultant, senior adviser, and board member for Silicon Valley venture capital firms, Michael enjoys privileged access to pioneering CEOs and high-profile industry insiders. In fact, he was one of five people involved in early meetings for the $160 billion "cloud" computing phenomenon. And he was there as Lee Iacocca and Roger Smith, the CEOs of Chrysler and GM, led the robotics revolution that saved the U.S. automotive industry.
In addition to being a regular guest and panelist on CNBC and Fox Business Network, Michael is also a Pulitzer Prize-nominated writer and reporter. His first book, "Overdrawn: The Bailout of American Savings" warned people about the coming financial collapse - years before "bailout" became a household word.
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