Every so often, a new sector comes through and blows the entire market back on its heels.
From the dot-com era to the evolution of computers, new industries have sent the market skyrocketing, leaving naysayers and doubters behind.
And now, the newest market revolution is here – and it could be the trading opportunity of your lifetime.
Here's what you need to know…
Marijuana Is the Future of Your Profits
Legalized marijuana is one of the fastest growing industries in the United States. It is projected to grow from its current annual revenues of $9.2 billion to $47.3 billion in 10 years in the United States, and to $57 billion worldwide…
This is thanks to many things, like big corporate players already stepping into the cannabis ring, and product innovations – like cannabis-infused beverages – hitting the shelves every day.
Currently, in the United States, 30 states have legalized medicinal marijuana. Nine of those states have also legalized recreational marijuana. With the success of trendsetting states like California, Colorado, Oregon, and Washington, it seems likely that the other 20 states will soon follow suit.
Not to mention, the demand for legalized marijuana is off the charts, with 89% of Americans supporting the use of medicinal marijuana.
And when you consider that medicinal marijuana can be applied to cure or alleviate symptoms of diseases like cancer, Alzheimer's, glaucoma, epilepsy, anxiety, multiple sclerosis, reduction of pain or nausea caused by chemotherapy, arthritis, lupus, and Parkinson's – it makes sense that 69% of physicians nationwide support legalization of medicinal marijuana as well.
So, it's clear that the legalized marijuana market is here to stay.
But the market doesn't come without its faults…
Could you Soon Be a Victim of ReHIREment? This terrifying new normal affecting 9 million Americans was completely out of their control. Read more…
Hampering growth for the time being is that, currently, marijuana is illegal at the federal level in the United States. President Obama's prohibition on interfering with the right of states to provide a legalized marijuana market has been reversed by former Attorney General Jeff Sessions, creating some uncertainty about how the industry will fare going forward. There is growing support in Washington to legalize marijuana, with many policymakers in support of the Marijuana Justice Act, a bill that would legalize marijuana at the federal level.
Given the high public demand for legalized marijuana, the amount of revenue available at the state level, and the cost of federal attorneys to prosecute legalized marijuana operations at the state level, it is not expected that the feds will negatively impact growth.
That said, one way to make a pot play is to consider companies in countries that have legalized marijuana, like Canada and the UK, that are listed on U.S. exchanges.
About the Author
Tom Gentile is one of the world's foremost authorities on stock, futures and options trading.
With more than 25 years' experience trading stocks, futures, and options, Tom's style of trading systems and strategies are designed to help individual investors propel themselves past 99 percent of the trading crowd.