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We talk a lot about the dominating position enjoyed by the largest producers of cannabis; that quality will get more, not less, important going forward.
But in a sector like marijuana, the niches (the needs that the biggest players can't or won't address) will be critically important... and - make no mistake - very lucrative.
One of the most important niches will be specialized cannabis growing equipment. This is important to several groups of consumers.
There are medical patients, for instance, who might have difficulty making it to a dispensary, or recreational enthusiasts keen on growing their own supply for the satisfaction of knowing exactly what's in the final product.
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This is a rapidly growing niche, and if you've been a Money Morning Member for a while, you've had the chance to reap double-digit gains already.
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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.