The entire legal marijuana sector had a mighty good 2018.
We saw California, with a population of nearly 40 million people, begin sales of fully legalized marijuana for recreational use.
Over the summer, the FDA approved the use of a cannabis-derived drug, Epidiolex, for the first time. In the fall, the rollback of cannabis prohibition hit the big time across Canada. All the while, here at home, states took it upon themselves to extend the legalization of cannabis, whether for medical or recreational use, across the United States.
And just last month, the cultivation and sale of a type of cannabis plant - hemp - and products derived from it became legal across the United States with the passage of the Farm Bill.
But if we're being frank, all of this will pale in comparison to what's coming in 2019.
In fact, we believe one segment - worth around $2 billion today - will outperform everything we saw last year combined...
About the Author
Greg Miller started working on Wall Street in September, 1987, just a month before the āBlack Mondayā stock market crash.
During his career there, he became an expert in just about every kind of publicly traded security - from blue-chip and small-cap stocks to municipals, junk bonds, and derivatives. As a portfolio manager, Greg was responsible for over $500 million of assets in mutual funds and insurance company accounts.
After leaving the Street, he designed a successful options trading strategy and made lucrative tech investments for a financial publication. He has also helped develop new products and worked with other editors to hone their strategies.Ā Heās always been dedicated to deep, fundamental research - and he always will be - because he believes buying the very best companies at the right price is the best way to amass wealth in the stock market.
This is great information.
I love receiving the information you post in Money Morning, thanks for all the valuable information.
The cannabis sector is an astonishing sector in that it may impact the growth of thousands of other none related industries to grow; amazing, and what an opportunity to be on the front lines/infancy stage of a windfall of financial growth.
Hopefully the senior generation when takin g the cannabis oil, merino etc will change their mind and make marijuana legal in every state.
IT IS THE LARGEST CASH CROP GROWN IN AMERICA
SOMEONE WAKE UP
Lets get this on the road