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Take a hard look at the cannabis market.
Look closely, and you'll see the single biggest market to hit the global economy in decades.
It's bigger than the global PC market. It's bigger than gaming. In fact, consumers spend more money on cannabis each year than what hits the top lines of social media companies like Facebook Inc. (NASDAQ: FB) and online marketplaces like Amazon.com Inc. (NASDAQ: AMZN) combined.
It's almost as big as one of the most predominant, innovative, and disruptive sectors of the 20th century.
Now, I expect everyone reading this would happily hop in a time machine and buy shares in Microsoft Corp. (NASDAQ: MSFT), Apple Inc. (NASDAQ: AAPL), and Amazon for a second chance to get in early on those unexpected but remarkably high-growth industries.
But with cannabis now on the scene, you don't need a time machine.
You just need to appreciate the massive size of the cannabis market today and how much bigger it will get as legalization inevitably spreads.
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.