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California and Nevada are southwestern next-door neighbors, of course, and both are big legal "adult use" cannabis markets.
But for now, that's where the similarities end.
We've talked before about the botched job of patchwork cannabis regulations holding back California's multibillion-dollar potential; we've talked about one company that could send revenue there surging 50%, too.
Happily, the Golden State is straightening up its act and should reap massive "catch up" benefits in relatively short order.
The Silver State, on the other hand, did regulation and taxation right (read that as "comprehensively" and "lower than California") the first time around, and as such, marijuana sales there are expected to soar 690%, from $103 million in 2017 to $814 million by 2025.
For my money, this makes Nevada the most important cannabis market in the world. This is no hunch, either; two transactions over the past few weeks have basically borne out my statement and validated the extreme value in the Nevada market.
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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.