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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.
Fortunately for us cannabis investors, private enterprise is stepping into the breach to help sort out the problems.
So the phenomenon I call "California 2.0," the second, even bigger wave of Golden State cannabis profits, won't be long in coming.
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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.