Illinois kicked off 2020 by legalizing recreational cannabis sales on Jan 1.
This is significant because projections show Illinois' cannabis market could be worth $2 billion in the first year.
While the steady climb of tourism in Chicago is one of the main reasons it's going to be the "Marijuana Mecca of the Midwest," there's another reason our Greg Miller's so excited for Illinois to launch recreational sales.
Frankly, I believe it was one of the best days in cannabis history. Here's why... Full Story
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There were a lot of reasons and research that proved 2019 was indeed the "Year of CBD."
But despite its explosive and continuous growth, CBD is not the only powerful cannabis compound out there.
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You know from our cannabis coverage that legalization is one of the biggest catalysts for profits. And 2020 is going to be huge for both legalization efforts and profit opportunity.
So going into this key election year, I want to help you all be the most informed cannabis investors in the nation.
Here's where we are: Currently, 33 states and Washington, D.C., have legalized medical marijuana, while recreational cannabis is legal in 11 states and Washington, D.C. That means some form of cannabis is legal in 44 states, plus the capital.
Now, there are 10 states I have my eye on that are most likely to legalize marijuana in 2020. Each one could crack open the U.S. cannabis market a little wider in 2020, giving us plenty of moneymaking potential.
I was already excited about these prospects – and a recent development in Michigan is giving us even better news about what next year has in store… Full Story
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When we held the First Annual NICI Retreat in Las Vegas, we knew Sin City was going to be tough to beat. But turns out the next "hot spot" for a cannabis retreat could be… Massachusetts.
It might be surprising that's the state catching our eye – but consider the latest cannabis sales data…
From Nov. 20, 2018, to Nov. 20, 2019, nearly $400 million worth of cannabis was sold in Massachusetts. That's very impressive, for a few reasons…
First, at the end of November, there were only 36 recreational dispensaries open in the state. There's not even a single recreational dispensary currently open in Boston.
Compare that to Colorado. When legal recreational sales went live there, it generated $300 million with 306 retailers licensed in 2014.
Nevada's recreational sales reached $434 million in its first year of adult-use legalization, but it also had 61 licensed retailers.
So, Massachusetts' $400 million in sales is very significant for cannabis profits.
Sales are really going to kick into overdrive in 2020. Fortunately for us (if you've been following along), we already own one of the best cannabis companies operating in Massachusetts… Full Story
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Virginia's one of the most conservative states in the U.S. when it comes to recreational products, so it would be understandable if folks don't consider it a viable candidate for legalizing recreational cannabis anytime soon.
But there's a surprising movement afoot to legalize adult-use cannabis in Virginia sooner rather than later.
Our Greg Miller's incredibly excited about this, and here's why you will be, too...
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Full cannabis legalization has never been more promising than it is now. The pieces are slowly but surely falling into place and bringing us closer… and closer.
The Judiciary Committee of the U.S. House of Representatives approved a bill that would take cannabis off Schedule I of the Controlled Substances Act.
Now, that bill will go to the full House of Representatives, where it has a real chance of passing.
Committee Chair Jerrold Nadler's Marijuana Opportunity Reinvestment and Expungement Act (MORE Act) would effectively legalize cannabis for recreational use in any state that allows it.
What's more, it would gather a 5% sales tax on cannabis sales, with the money going toward job training and legal assistance to those whose lives have been adversely affected by the government's long war on drugs. It would provide for expungement of the records of people convicted of cannabis-related "crimes" and require federal agencies to adjust to reality by, for example, not denying security clearances based on cannabis use.
This is a very good bill. If it passes, it would be good for the industry, for those who paid dearly during the years before cannabis was legal, and for the country.
And I can't overemphasize what this indicates for full legalization heading into 2020… Full Story
And I can't overemphasize what this indicates for full legalization heading into 2020... Full Story
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Innovative Industrial Properties is the perfect introductory cannabis stock; it's profitable, pays a dividend, and is traded on a major U.S. exchange.
And when I was reviewing the company's latest earnings report, it confirmed IIPR has lived up to my expectations since I first brought it to your attention. I'll go over those details in a bit here.
Now, I know a lot of you have questions about Innovative Industrial's business model as well as the recent sector downturn. As a landlord to cannabis businesses, I especially understand the concern that recreational legalization could affect how the firm operates.
After all, it would seem that any property owner could just rent or sell their buildings to cannabis companies.
That's why today, I'm going to be showing you why Innovative Industrial has a long and bright future ahead of it. Plus, I'll explain exactly why its sales-leaseback model works… Full Story
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We've talked before about the "vaping crisis" – a kind of lung syndrome sickening and, in some cases, killing, users of vaporized cannabis and nicotine.
So far, it seems that illicit, black market products are making people sick, but the crisis is beginning to weigh on the legal market.
But, just as nature abhors a vacuum, markets don't much care for 'em, either.
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Earlier this year, I took the big step of calling Canopy Growth Corp. the "Microsoft of Cannabis."
I wasn't just trying to make waves – there's a good reason I said that. Canopy is making the moves it needs to make to be one of the most (if not the most) successful cannabis companies in the world.
These folks are not shy about their global ambitions.
And it turns out I'm not the only one who thinks so.
See, Canopy's price has been depressed since the summer – it's been happening with the whole cannabis sector, as we've seen.
But one trader – who I happen to think is onto something big – believes the stock turnaround could come in the next two weeks.
And this trader has put $35,524 of their hard-earned capital on the line to back up that belief.
Personally, I think it's a really smart move. And I believe it can tell us a lot about Canopy's immediate future, the future of the marijuana sector, and – best of all – how we can make some money there.
Take a look… Full Story
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Last month, when we talked about the $4 trillion potential of a fully realized global cannabis market, we saw how world governments have been trying for more than 100 years to stamp out the illicit drug trade.
Results have been mixed to poor, to put it mildly.
It seems for every victory, like the 1993 downfall of Colombian drug lord Pablo Escobar, there are two defeats, like the vast state resources used to keep 451,000 non-violent drug offenders in U.S. prisons or the low-level drug violence that's killed an estimated 115,000 people in Mexico since 2006.
That's one of the reasons why, across North America, there's a growing socio-political consensus that the war on drugs has been an expensive failure.
That "growing consensus" gets a whole lot broader when it comes to marijuana prohibition.
According to Gallup, support for cannabis legalization in the United States runs steady at 66% right now. That's up 30% since 2005.
But despite all the progress of the last 10 years, there still exists a thriving, persistently lucrative illegal market for marijuana – even in jurisdictions where it's completely legal. And because the march to full federal legalization is basically inevitable, that black market is doing more than anything else right now to hinder the growth of the legal cannabis sector.
I'll show you what I mean in a minute, because I really want to tell you about one fully legitimate company I know of that's aiming to outcompete the criminal sector – on price, no less.
This could be big… Full Story
This could be big... Full Story
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