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Editor's Note: Last week, we introduced you to the new executive director of The National Institute of Cannabis Investors, Don Yocham. As Don told The Institute's members, he's honored to help you navigate this booming market in his new role. So today, he's back to talk about all the profit opportunities he's seeing in the cannabis sector in 2020. Here's Don…
Together, we stand at the cusp of a truly unique opportunity. Never before have everyday investors had such early access to the birth of an entirely new industry.
And never before has a new industry emerged with well over 260 million customers already in place – spending nearly $350 billion a year in both legal and black market sales.
Compare that figure to the current $20 billion legal cannabis market and you can clearly see a wealth-building opportunity that has a lot of room to run.
At the pace that recreational use is getting legalized, that $20 billion market has to grow at 80% per year just to keep up.
Revenue surging at 80% per year for a brand-new industry is completely unprecedented.
It's a truly historic opportunity – and I get the pleasure of helping you make the most of it.
About the Author
Don Yocham is Executive Director for the National Institute of Cannabis Investors (The Institute) and Director of Cannabis Investing Research for Money Map Press. Before starting his role with the Institute, he was the Head of Private Deals for the publication Cannabis Venture Syndicate. From his first foray into the trading pits of Chicago to introducing institutional investors to entirely new markets in the early 2000s, Don has pretty much covered the entire field of investing in his 25-year career. In the depths of the financial crisis, when the typical investor had lost more than half of their money, his portfolios were up.