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It might sound obvious, but not all initial public offerings (IPOs) are created equal.
"Hot" tech IPOs, for instance, can be pricey, and nearly impossible to buy at fair prices. Quality can be inconsistent. For every Microsoft Corp. (NASDAQ: MSFT), there might be two companies like Uber Technologies Inc. (NYSE: UBER).
The cannabis industry, on the other hand, boasts some of the best, richest, and easiest to own IPOs on the market. That's just one of the reasons the entire sector is minting millionaires at a rapid clip.
For instance, back in December 2018, we found 77 different, everyday people who'd grossed $1 million or more in cannabis. Today, our confident estimates put that number north of 239.
And the thing is, these numbers are only going to increase as the United States moves inexorably toward complete legalization.
Here's how you could find yourself on the growing cannabis millionaires' list a lot sooner than you think…
About the Author
Greg Miller started working on Wall Street in September, 1987, just a month before the “Black Monday” 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. He’s 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.
Tags: Stocks