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On Friday, Feb. 2, Michael and his team attended the International Cannabis Business Conference in San Francisco in order to investigate the current state of legal marijuana – and what's on the horizon.
There are a ton of new ideas out there. The growers and dispensaries/retailers – the "pure plays" – were literally the least of it. The amount of startups with new technologies and services for legal cannabis companies on the conference floor seemed limitless. We lost track of how many entrepreneurs and budding CEOs Michael got to talk to. Frankly, it was dizzying.
Plus, we checked out plenty of biotech companies developing medicinal marijuana treatments, chatted with state officials helping companies set up their licenses, and visited all kinds of firms displaying their cannabis-infused "edibles" and "topicals" – i.e., foods and skin care products.
It's no wonder so many entrepreneurs are getting into this space… If the forecasts Michael trusts are correct, the North American legal cannabis market is going to grow by 26% annually through 2021. And the industry will be generating almost $22 billion in sales by 2021 – triple what it did in 2016. You can't ignore that kind of growth. To us, getting in on cannabis now is like getting in on Silicon Valley… in 1965. Michael tells you more about that in the video below…
How to Cash In Thanks to California's Legal Cannabis: People have accumulated massive gains from previous marijuana legalization announcements, but this event could blow the lid off of anything we've seen so far. In a special interview, our penny pot stock expert, Michael Robinson, shows ordinary people how to potentially make millions from California's Jan. 1 marijuana legislation – starting with three tiny stocks expected to explode following legalization. Watch now…
About the Author
Michael A. Robinson is one of the top financial analysts working today. His book "Overdrawn: The Bailout of American Savings" was a prescient look at the anatomy of the nation's S&L crisis, long before the word "bailout" became part of our daily lexicon. He's a Pulitzer Prize-nominated writer and reporter, lauded by the Columbia Journalism Review for his aggressive style. His 30-year track record as a leading tech analyst has garnered him rave reviews, too. Today he is the editor of the monthly tech investing newsletter Nova-X Report as well as Radical Technology Profits, where he covers truly radical technologies – ones that have the power to sweep across the globe and change the very fabric of our lives – and profit opportunities they give rise to. He also explores "what's next" in the tech investing world at Strategic Tech Investor.