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Today Canada becomes the first major economy to legalize recreational marijuana.
But you don't need me to tell you that.
Turn on your television or radio. Check out the front-page headlines. Or just follow your social media feed.
But don't follow them too closely.
Because they're not telling you the full story.
You see, a lot of naysayers are going to try to rain on today's parade.
They're going to tell you that not enough stores have opened. (So what?! Have these folks never heard of online shopping?)
They'll tell you there's already a supply glut.
They'll tell you to "sell the news" – as if you've never heard that one before.
All that negative talk is just noise. And the No. 1 rule in Your Tech Blueprint is to "Separate the Signals from the Noise."
And there are a lot of signals out there. Profitable signals.
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I'm talking about the $22.6 billion that Canada's cannabis market is expected to generate in the next few years.
I'm talking about the 10.5 million square foot hydroponic greenhouse in western Canada that soon will be able to grow $600 million worth of marijuana.
I'm talking about the $100 billion worldwide market for medical marijuana – marijuana that Canada can now export.
Those are very real signals.
Which means there is money to be made in this brand-new, completely untouched industry.
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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.
Tags: marijuana stocks