Become the King of Emerald City

Written by Jimmy Mengel
Posted November 8, 2018 at 5:25PM

Ding dong, the witch is dead!

Well, that isn’t exactly fair when we’re talking about erstwhile Attorney General Jeff Sessions. As far as Wizard of Oz comparisons go, he’s more like one of the Lollipop Guild, if we’re being honest.

But it is with great pleasure that I can announce that Jeff Sessions will no longer lead our judicial branch. He didn't even get the ultimate Trump salute: “You’re fired!”

He was forced to resign after a year of belittlement and insults.

I don't care how or why it happened, but as a cannabis investor, this is music to my ears…

Sessions was perhaps the single biggest impediment to the legalization and normalization of marijuana laws in our country. Here is just a snapshot of his views on marijuana:

  • He once remarked that he thought the Ku Klux Klan “were OK until I found out they smoked pot.”
  • He’s said that he believes “good people don’t smoke marijuana”
  • At a Senate hearing, he remarked that “marijuana is not the kind of thing that ought to be legalized, it ought not to be minimized, that it’s in fact a very real danger.”

In short — pardon another Wizard of Oz pun — Sessions is completely out of step with the public.

As far as marijuana laws go, I actually had high hopes when Trump was elected. He’s on the record saying that he completely supports medical marijuana and recreational marijuana should be left to the states. That was music to my ears…

Thankfully, with the removal of Jeff Sessions and the recent legalization victories in this week’s election, investors in marijuana are looking at the next big wave of marijuana profits.

There was no Blue Wave, there was no Red Wave... but after these elections, there will be another Green Wave...

Aside from the dismissal of Jeff Sessions, this election cycle has furthered my bullishness on the U.S. marijuana market.

Out of the elections came the first Midwestern state to legalize recreational marijuana. 56% of Michigan voters made it the 10th state in the country to allow adults to possess cannabis for recreational use.

There will be more coming, but it was nice to see a “non-stoner” state come around.

Speaking of “non-stoner states”, my favorite ballot measure was in Utah, where the Mormon Church — which famously does not allow the drinking of booze, coffee, or caffeinated teas, let alone smoking of any kind — endorsed a bill for medical marijuana.

The Book of Mormon does allow for prescription drugs, as long as they are used in accordance with a doctor’s supervision and approval.

Mormon Elder Jack Gerard told reporters that the church is “thrilled” to be a part of the effort to “alleviate human pain and suffering.”

I think most people — even without the moral imperative — completely agree with the sentiment.

And now that Sessions is gone, and the American people have spoken, we’ll see a slew of medical marijuana companies that will finally start to be able to do the important work they have tried to do for years while under government threat.

Imagine what they'll be able to do if the handcuffs are taken off...

My prediction is that marijuana will soon be removed from Schedule I drug status. That would be a complete game changer.

Right now, marijuana is still federally illegal. As a Schedule I drug, cannabis is categorized as a substance that has “high abuse potential, no medical use, and severe safety concerns."

That is total bullshit, to put it bluntly. Cannabis has been shown time and time again to provide relief from chronic pain, epilepsy, MS, post-traumatic stress disorder, anxiety, and a litany of other ailments. The fact that marijuana is lumped in with dangerous drugs like heroin, LSD, and cocaine is simply insane.

But that federal distinction has made it incredibly risky and difficult for medical professionals to conduct large-scale studies proving marijuana’s ability to treat and even cure some diseases.

With Sessions out and American votes in, there will be a new age of medicine in the world…

As an investor, I've been on this tip for a while. I've seen plenty of medical marijuana companies, but I think I found one company that could lead the way towards a healthier, wealthier world...

The company I've been following is at the forefront of the global medical marijuana boom. It has just signed an agreement with the ICC International Cannabis Corporation to start providing medical marijuana overseas.

This company also has the benefit of a patented product that could be sold in any one of these global locations.

In the coming months, this company will be releasing the results of a new patent for clinical trials for rare cannabinoids. Results that could send the company through the roof. It has developed a time-release-type capsule similar to what you would have in any other type of pain medication. And it knows what it's doing — the CEO worked for the company that created OxyContin, which is a billon-dollar product now.

It's a fully-integrated medical marijuana and health care company and if this patent goes through, that will be a massive deal for the company and pain patients all over the world. It will also make early investors very, very rich.

I suggest starting a position before it locks down what could be a billion-dollar patent.

You can read more about it right here.

Godspeed,
jimmy-mengel-signature-fixed

Jimmy Mengel

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Jimmy is a managing editor for Outsider Club and the investment director of the personal finance advisory, The Crow's Nest, and cannabis stocks advisory, The Marijuana Manifesto. For more on Jimmy, check out his editor's page.

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