My team and I are here in Oakland, Calif. – and the Golden State Warriors clinching the NBA Championship Monday night isn't the only big news.
Vicente Fox, former president of Mexico, is getting ready to take the stage at the Fourth Annual Cannabis Business Summit & Expo – the epicenter of the business, technology, and politics of legal marijuana.
And there's a palpable buzz in the air.
"A Crazy Person"
Fox is turning up the heat on the U.S. government over its ongoing federal prohibition of marijuana, even as its two most important trading partners – Canada and Mexico – move toward nationwide legalization.
When asked for his reaction to breaking news that U.S. Attorney General Jeff Sessions asked permission from Congress in May to punish medical marijuana companies, his response was to call him "a crazy person."
(Congress has made zero movement to honor this, by the way.)
After all, at least two high-level cabinet members have in recent weeks come out in support of medical marijuana. President Donald Trump himself has said he is encouraged by what medical marijuana is doing for seniors and veterans.
"The problem is there is no consistency," Fox said on the messaging coming from various corners of the U.S. government.
Though there are many marijuana business conferences now, this one is among the largest – and Oakland is a fitting setting for it.
You see, the legal marijuana business literally rebuilt a large chunk of downtown Oakland, National Cannabis Industry Association Executive Director Aaron Smith says.
"It helped bring businesses," Smith says. "It helped rebuild things like the Roxie Theatre. It has participated in the neighborhood."
And Oakland is far from the only municipality to have received an economic booster shot from legal marijuana.
It all goes to show how a well-regulated cannabis industry brings huge economic opportunities and pushes out criminal elements.
It also enriches its investors – folks like you.
That's why we'll be here for the next 48 hours, checking out the Expo floor and talking to the industry's most important stakeholders. In our first walkthrough, it was obvious that technology – from lighting firms to security providers to biotech companies – has taken this conference over in a big way.
And that's a good thing for long-term industry growth – and our legal marijuana investments.
In the next few days, I'll be talking more about Fox's appearance – and all the other valuable information I can dig up – with my Nova X-Report members.
I'll be back here on Friday with a wrap-up report.
See you then.
The post Direct from the Epicent…
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.