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You've got to hand it to 'em: California lawmakers definitely set their sights high when they legislated for full "adult use" cannabis legalization in the Golden State.
In essence, they aimed high... and went a little wide of the mark. Or, more to the point, shot themselves in the foot. Those same legislators - and bureaucrats - have mucked up the implementation of full adult-use legalization.
So the phenomenon I call "California 2.0," the second, even bigger wave of Golden State cannabis profits, won't be long in coming.
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.