By Justin Spittler, editor, Casey Daily Dispatch
The marijuana industry is approaching its tipping point.
I’m not saying this because 28 U.S. states have already legalized medical marijuana…or because Ireland, Germany, Argentina, Poland, and Peru have done the same.
I’m saying this because California’s about to legalize marijuana outright.
You see, California became the first state to legalize medical marijuana in 1999.
Since then, 28 other states and Washington D.C. have followed suit.
Not only that, but five states have implemented recreational marijuana. As of today, that group doesn’t include California. But that will change in just a few weeks.
• On January 1, 2018, California will legalize recreational marijuana…
From that day forward, anyone over the age of 21 will be able to legally buy marijuana in the state.
This is a huge deal…and not just for the people of California.
You see, California has a $2.5 trillion economy…the largest in the U.S. by far.
Its economy is so big that it would have the world’s eighth-largest economy if it was its own country.
• California is also home to the world’s biggest marijuana market…
Last year, it did more than $1.8 billion in sales.
That’s a lot of dough. But this figure only includes medical marijuana sales. All the recreational pot sold in California last year came from the black market.
But that will change when the state rolls out legal recreational marijuana less than a month from now.
Profits will shift from cartels and criminals to legit businesses. And that will cause California’s legal marijuana market to explode.
ArcView, a leading marijuana research firm, expects California’s total legal marijuana market (including medical) to grow by $1.6 billion next year.
By 2021, California’s expected to do $7.7 billion in legal marijuana sales. That’s more than quadruple what it did last year.
That would make California’s marijuana market bigger than the next four biggest U.S. marijuana markets combined—Washington, Pennsylvania, Colorado, and Michigan.
• Opportunities like this are extremely rare…
They only come around every couple decades or so.
But you don’t need to own a marijuana business or even live in California to profit from this coming “green rush.”
You just need to own marijuana stocks.
Of course, making money off pot stocks is much harder than it sounds. That’s because there aren’t any U.S. marijuana blue-chip stocks yet. There isn’t even a U.S. pot exchange-traded fund (ETF).
• If you really want to make money in pot, you need to handpick the best stocks…
Unfortunately, most investors know nothing about investing in marijuana. That’s where I can help.
You see, I’ve spent the last six months researching the marijuana industry around the clock…
But I haven’t just sat at my desk like other so-called experts. I’ve gone to the front lines of the global marijuana boom.
This “boots on the ground” research has helped me understand the marijuana industry from the inside out. I’ve also discovered something that most analysts don’t realize.
• The best way to make money off marijuana isn’t with traditional marijuana companies…
It’s with “picks and shovels” companies.
These companies serve marijuana growers and distributors. So, they profit directly from marijuana legalization.
But they don’t “touch the plant.”
This gives them a huge edge over traditional marijuana companies.
You see, marijuana is still a Schedule I drug at the federal level. Because of this, traditional marijuana companies have trouble accessing capital. They must run cash businesses. And they can’t move their product across state lines.
• “Picks and shovels” companies don’t have these problems…
They can stick their cash in a bank. They can accept credit cards. They can also borrow money from traditional lenders if they want.
In other words, they don’t have nearly as many legal and regulatory headaches as traditional marijuana companies.
Plus, “picks and shovels” companies can ship products across state lines. This makes it much easier for them to expand.
• So, consider speculating on marijuana companies like these if you haven’t already…
Just understand that there aren’t any “sure things” in the marijuana industry. So, be sure to do your homework before buying any marijuana stock.
You should also treat marijuana stocks as a speculation.
Don’t bet more money than you can afford to lose. Use stop losses. And take profits when you get them.
Investors who do these things will set themselves up for big gains without risking huge losses.
• I also encourage you to sign up for Crisis Investing…
You see, I haven’t just been traveling the world, learning about the marijuana market.
I’ve also been analyzing marijuana stocks around the clock for the last six months.
And I’ve shared my best ideas with Nick Giambruno, editor of Crisis Investing.
His readers are already seeing huge gains. One of the marijuana stocks we recommended is up 18% since July. Another is up 113% since August. And one is up 46% since last Tuesday.
These are enormous gains for such short periods of time. But don’t worry if you don’t own any marijuana stocks yet. This bull market is just getting warmed up.
• Unfortunately, I can’t say any more about this opportunity in the Dispatch…
But you can learn about my top three “picks and shovels” companies by signing up for Crisis Investing.
All these stocks trade on U.S. exchanges. And each has the potential to return 1,000% or more in the coming years.
To learn more about these companies, check out this brand-new presentation that my team and I put together.
Just be sure to watch it soon.
U.S. marijuana stocks are on the move as we speak. In fact, they’re up 36% as a group since late October.
December 6, 2017
Chart of the Day: Oil Is on the Rise
By Joe Withrow, analyst, Casey Research
The price of oil has spiked 20% over the last six months…
As you can see from today’s chart, West Texas Intermediate (WTI) crude oil—the oil pricing benchmark in the U.S.—is on the rise.
And as you can see, WTI crude oil is now trading at its highest level since June 2015.
Here at Casey Research, we’ve been stalking this sector for months. And as we showed you here, a rising oil price is bullish for certain oil stocks…
Today, a lot of feedback on Doug’s recent interview on why millennials favor communism:
Doug, you are so awesome in your assessment of what is really going on and what the main problem is in America: the corrupted higher educational system. Bolstered now in preparation by elementary education. I love reading your essays. Keep up the fight.
Communism is nothing more than a bait-and-switch trick. The Marxists promise freedom from your chains and prosperity, but deliver poverty and dictatorship.
Marx was smart. Other warlords declared war on other countries and then enjoyed the power of leading in the war. Marx declared war on the wealthy class which everyone envied. Trouble is, once they brought the capitalists down, the mechanism of investment and incentives was destroyed.
The communist leaders kept the war going, not with guns but purges, as it gave them power over life and death. The poor never got the bonanza that they revolted for. But yes, it does sound good if you don't know any better. And these kids don't know anything.
Nature has created the perfect revolution. It has endowed millennials with a different brainpower…one that can see through the deception of history. They are forging a new society. A better one? No one is sure yet.
However, they are generating a power that is so innovative and adaptable to change that they will prevail. How long will it take the older workforce, and seniors and retirees, to get on board the millennials’ train will determine their own fate and future ability to swing to the fences.
Casey Daily Dispatch is watching, understanding, and reporting on this phenomenon in its own way. I hope you guys start talking about the fact that real change comes from innovative minds who are willing to leave behind whatever does not support a new world vision. They are the fierce frontiersmen. And this time they are forging ahead as a whole generation, not just a few here and there who are demanding a new future and a different social and economic structure. Peace and Glory.
Real unemployment and we little people see corporations getting nice take breaks and I lose nearly 30% to taxes on every paycheck… do you expect a millennial to think capitalism works?
Most of the millennials get to see the ugly face of "capitalism" up close. They get to see their parents and relatives scraping by, being laid off, losing their homes. They get enjoy busting their tails for $10.00. I was lucky this week and worked for $12.50 for a day and a half.
No Casey… millennials are being FORCED to look for alternatives like socialism and communism because capitalism has forgotten that it must abide by a social contract and it must be seen as BENEFITING PEOPLE.
Explain why capitalism is good to a laid-off family that's been bankrupted and about to lose their house…and then we can talk. Thanks.
In Case You Missed It…
Legendary speculator Doug Casey is doing something he’s never done before. In short, he's putting on an exclusive free online Masterclass training event to finally reveal the rare trend he's most excited about right now.
He's already committed $2 million+ to this rare trend… And the decision to share this news couldn't come at a better time for you. Click here to learn more.