The Vote That Mattered
I don’t know about you, but I was up very late last Tuesday night….
But I wasn’t that concerned about the presidential election — in full disclosure, I absolutely hated both candidates, as you may have read in Outsider Club on election day.
There was another vote that captured my attention entirely: the vote that would define the single best investment of the next decade.
I’m talking about the Prop 64 ballot in California to legalize recreational marijuana…
It passed, and it is a massively important day for any marijuana investor.
Not only did California — the largest economy in the U.S. and one that's bigger than France, India, and Italy — pass the law, but Maine, Massachusetts, and Nevada legalized marijuana as well. These states alone could easily double the multibillion-dollar market for pot products.
With California leading the way, we're going to see a domino effect, bringing legalization to the rest of the country. For marijuana investors like me, it is the prize jewel of the whole election.
Here’s why you need to start investing now…
Before last week, only four states had legalized recreational marijuana: Alaska, Colorado, Oregon, and Washington. That was already a massive success…
According to ArcView Research, “Legal cannabis sales in the United States jumped 17 percent, to $5.4 billion, in 2015 and are expected to grow by 25 percent this year, to $6.7 billion.” But there are already some pretty stellar predictions for what the industry will look like now that the new states have signed on...
The market for recreational marijuana could explode to $21 billion by 2020, according to New Frontier Data. That’s a massive increase from the $5.7 billion last year and the projected $7.9 billion this year. Based on the success of the elections, I think that is a foregone conclusion...
"Despite broad political division in the country, cannabis seems to be the one factor that has drawn universal support," John Kagia, executive vice president for industry analytics at New Frontier Data, told CNN.
The political takeaway here is obvious: businesses like this bring in a tremendous amount of tax dollars and new jobs.
In Colorado alone, legal marijuana sales reached $996 million last year, bringing in $163 million in tax dollars. That makes it the second largest revenue source — three times larger than alcohol, and 14% larger than casinos. According to the Marijuana Policy Group, marijuana tax revenues will overtake cigarettes by 2020.
Washington State brought in $77 million its first year — which is impressive — but that figure is projected to jump to around $270 million this year.
Oregon began selling marijuana towards the end of last year. By January it was pulling in around $3.5 million in taxes — which was three times more than analysts had predicted.
The industry also created more than 18,000 new full-time jobs in Colorado alone. That isn't just entrepreneurs starting pot shops, but those who provide lighting equipment, rent warehouse space, and hold retail positions. Other jobs include providing security, legal representation, and accounting services.
So what could a state like California pull in? Estimates are targeting around $1 billion!
I dare any politician to try and argue against that kind of revenue...
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That is to say that Donald Trump won’t do anything to stop this. He's preached for American jobs to return. He's talked about American ingenuity Making America Great Again. He's also talked about lowering the tax burden on Americans. This industry checks all of those boxes...
Trump has fully supported medical marijuana and has said of recreational marijuana: “I really believe we should leave it up to the states.”
He’s also said that the U.S. has been losing the "War on Drugs" ever since it started, and that legalization was the only way to “win.”
I disagree with him on a great many things, but I will agree on this one.
My Crow's Nest readers have already been winning:
- 613% on a major Canadian cannabis grower
- 225% on a cannabis capital group
- 100% on a U.S. cannabis firm (in a few hours)
- 93% on a medical marijuana firm
- 73% on a Canadian cannabis producer
And we're just getting started... I have four new stocks in the hopper, ready to be deployed.
But you really need to start today. This is the wave I’m been preaching about for two years now. So, as a fellow investor, I beg you to get involved before you pass over the best investment opportunity of your lifetime.
This is the final day you can access our full presentation on marijuana investing, Donald Trump, and the best investment of the next two decades. Take action right now, or you'll regret it for the rest of your investing career.
It's up to you...
Jimmy is a managing editor for Outsider Club and the Investment Director of the personal finance advisory The Crow's Nest. You may also know him as the architect behind the wildly popular finance and investing website Wealth Wire, where he's brought readers the stories behind the mainstream financial news each and every day. For more on Jimmy, check out his editor's page.