Our Bill Patalon recently had a conversation with Money Morning's Director of Cannabis Investing Research, Don Yocham, about the monster rally in cannabis stocks sparked by the Democratic sweep of the White House and Congress.
He's sharing all the critical points of their chat with you, plus a winning cannabis play…
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Marijuana stocks are full of potential in 2021, with legalization sweeping the country… In 2021, we know at least two more states will allow the sale of legal marijuana – Mississippi (medical) and South Dakota (medical and recreational).
And in three states where it was already medically legal – New Jersey, Montana, and Arizona – anyone over the age of 21 will now be able to purchase cannabis recreationally in 2021.
By 2022, we could very well see even more laws to legalize medicinal or recreational weed as 11 of the 15 states remaining to legalize it are expected to vote on it then.
But between now and 2022, there is likely going to be explosive growth in the cannabis industry that early investors willing to take the risk can still capitalize on.
We're still so early.
So if you haven't invested yet, it's not too late to buy my best marijuana stocks for 2021...
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We've said in the past here at Money Morning, that it's not a matter of if but when cannabis is fully legal across all 50 states.
And this election cycle was just another sign we're on that path.
But not every pot stock is going to benefit the same.
That's why I went digging for the companies that stand to benefit the most from these five states passing new laws.
Below are the top two marijuana to buy now.
One could even double your money over the next year...
by Don Yocham
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Meshing innovation and capital is like the wealth equivalent of the "Big Bang Effect" and it's exactly what we're about to see in the cannabis sector.
Plus, our Don Yocham's predicting a stock-market "Big Bang" that's a starting line for perhaps the greatest wealth journey of our lifetimes….
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As we approach historically sky-high post-Labor Day Volatility, Chris Johnson's bringing you not one, but TWO trades to cash in on all the stock market activity.
One of these trades is a throwback from one of our most profitable 2020 trades – the other is a new ticker that's checking three of the biggest boxes on the market: real estate, dividends, and cannabis.
Check out the full details in this, the latest from Fast Profits with Money Morning...
by Mike Stenger
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There are two gigantic investing mistakes most of you are making in 2020.
The first mistake is not buying enough stocks on the dip.
The second: not buying enough marijuana stocks on the dip.
The cannabis sector came in around $10 billion in 2019.
But it's projected to climb up to $300 billion, according to the National Institute of Cannabis Investors.
Our best marijuana stock today could pop 137% on the industry's rise.
But that's just one of several money-doubling gainers we've been excited about in the last year.
by Mike Stenger
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It's now likely the cannabis industry will not only last the pandemic-it could thrive sooner than we thought.
According to the National institute of Cannabis Investors, this industry is headed to $300 billion in value. That's 2,900% from $10.8 billion in 2019.
And our top penny stock to buy today could soar 137% as a result.
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Robinhood's no-fee trading platform has helped it add 3 million users since launching in 2013, making it as popular as major brokers like E-Trade Financial Corp. (NASDAQ: ETFC).
There's just one problem for investors looking for marijuana stocks: Robinhood doesn't let you buy stocks trading on over-the-counter exchanges.
That might limit your options when it comes to buying marijuana stocks on Robinhood, but it doesn't have to limit your profits.
We're going to show you how you can cash in on the cannabis sectors explosive growth with the three best pot stocks on Robinhood.
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This year is setting up to be a big one for investors.
So, how do you tap into this "green wave" at the start of the year?
We recommend one of the safer investment plays that taps into the increasing real estate required to grow and manage cannabis…
This rock-solid REIT pays a 4.9% dividend and has potential upside of 50% in 2020 alone.
by Greg Miller
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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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