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When you adjust estimates for the "street" (the black market), cannabis is already a $60 billion industry in the United States.
The legal cannabis sector in this country alone was worth a "mere" $12 billion in 2018. We've carved out a nice chunk of that for ourselves: All but two of the positions in the National Institute for Cannabis Investors (NICI) flagship Cannabis Investor's Report model portfolio are up by double digits; several are closing in on 100%.
Those are good gains – this is America's most lucrative industry, after all – but all indications point to much, much bigger profits between now and the middle of the next decade.
To find out exactly where those profits will come from, NICI Executive Director Greg Miller sat down with Money Morning Special Situation Strategist Tim Melvin to talk about all the ways he's planning on cashing in over the next five to 10 years.
There are some massive calls made during this sit-down. One in particular strikes me as a way you could eventually be able to build and fund your entire retirement through cannabis plays.
Yes, I'm talking income strategies here!
But even more shocking than that, Tim pushed all his chips in and predicted – to the month – when he expects the White House to move to de-schedule marijuana and effectively end nearly 100 years of prohibition.
Do not – I repeat, do not – miss this interview…
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