(Four U.S. states are poised to legalize cannabis use at the ballot box tomorrow. This would create more than 15 million potential new customers for the legal cannabis industry.)

Welcome to Cannabis Profits Daily.

We made history two weeks ago with the American Cannabis Summit. Featuring former U.S. Speaker of the House John Boehner, IPO expert Danny Brody, and National Institute for Cannabis InvestorsFounder Mike Ward, it’s been the talk of the town.

From Forbes to Fox News, the event took the investing world by storm.

And the timing couldn’t be better.

That’s because for all the media coverage about Canada’s end of prohibition almost three weeks again now, there are even bigger catalysts coming. And up to four of those will hit tomorrow.

As my colleague and friend Michael Robinson, director of technology and venture capital research at Money Morning and a founding advisory board member at NICI, likes to say when talking about the legal cannabis industry and elections: When laws pass, stocks soar.

That’s one of the cannabis investing mantras we here at NICI will talk to you about time and time again.

And it’s got particular relevance heading into Election Day 2018 in the United States. Here’s what smart investors like you need to know before the big day…

Voters to Create Millions of New Cannabis Consumers Next Month

Tomorrow, voters in four states will cast their ballots on new cannabis legalization measures that would add millions to the growing majority of American living in states where it is legal to purchase cannabis. In the process, voters will bolster the bottom line of the best cannabis firms on the market.

Six years ago, Colorado and Washington became the first states in the nation to legalize recreational cannabis sales through a highly regulated system.

Since then, seven more states and Washington D.C. have legalized adult use, while 31 states have given the green light to medical cannabis. And dozens of cannabis stocks have soared past 1,000% gains.

According to analysts at Arcview Market Research, spending on legal cannabis worldwide will soar to $57 billion by 2027. The recreational market, now that it’s really getting going in huge economies like Canada and California, will cover 67% of the spending.

The largest group of legal marijuana buyers will be in North America. Our continental market, according to Arcview, will soar from $9.2 billion in 2017 to $47.3 billion a decade later

This growth is all made possible by a shift that’s happening globally from cannabis prohibition to decriminalization to legalization. It’s a revolution in cannabis awareness and perception.

Now that simple pattern of citizens voting to legalize and establish a regulated marketplace – and then growing cannabis firms’ bottom line and ultimate stock price – is set to repeat yet again here in the U.S. in less than two weeks.

A new adage is developing among cannabis business owners and pro-legalization politicians on both sides of the aisle: “The train has left the station.”

This has become an increasingly bipartisan issue. Hopefully, you’ve already heard former Speaker Boehner talking about it during the American Cannabis Summit.

And on the other end of the political spectrum, lawmakers like Rep. Earl Blumenauer (D-OR) see this year’s wave of new legalization measures up for a vote as a tipping point toward nation-wide legalization. “I see all the pieces coming together… It’s the same arc we saw two generations ago with the prohibitions of alcohol,” Blumenauer recently told CNBC.

The matter at hand right now is focused on the state level.

So let’s get talk about these catalysts.

Cannabis on the Ballot

The Institute is watching four states closely over the next two weeks.

Michigan and North Dakota have ballot measures to legalize the full adult use of recreational marijuana, while voters in Utah and Missouri will decide on medical marijuana initiatives.

In Michigan, the State Board of Canvassers confirmed in a 4-0 vote in late April that a proposal to legalize marijuana for recreational use in the state will be on the ballot. And the prospects look good so far. At least 55% of voters recently polled by the Detroit Free Press said they supported the measure.

If Michigan legalizes recreational pot this fall, up to 7.3 million new customers could bring in sales of up to $1 billion a year, the Press noted.

That’s more than 20% of Canada’s adult population by itself.

North Dakotans will also get their chance to vote up or down a recreational measure.

You’d be hard pressed to find a more bedrock conservative voting state in the nation. Yet, as we’ve seen with legal cannabis, the issue doesn’t really split along party lines at all.

In 2016, North Dakotans approved the state’s medical use referendum with 64% of voters in support. The approval rating thus far for this year’s measure is tighter, however, but still looking like a win for legal cannabis with just more than one week to go.

North Dakota has 551,000 potential customers.

In Utah, a medical marijuana initiative appears poised to pass as a slight majority of likely voters polled say they will vote to approve.

It’s been a messy battle for this measure from the beginning in Utah, where The Church of Jesus Christ of Latter-day Saints actively lobbied ardently against putting the matter up for a public vote, joining local and federal law enforcement. They failed resoundingly, leaving medical cannabis legalization in the hands of the people.

Utah has up to 2.3 million new cannabis customers.

Missouri has something even more unusual going on. Its voters will have the opportunity to decide on three Election Day ballot initiatives: the Bradshaw Amendment, New Approach Missouri, and the Missourians for Patient Care Act.

Each has its own set of rules on sales taxes, conditions that would qualify patients for medical cannabis, etc. If all three pass, a Missouri law states “whichever measure receives ‘the largest affirmative vote shall prevail, even if that (measure) did not receive the greatest majority of affirmative votes,'” according to a recent Washington Post analysis.

Missouri has up to 6.1 million new cannabis customers.

It’s an exciting time for cannabis investors. With so many impending catalysts poised to bring windfalls to the best firms in this space, savvy investors need to figure out where the best plays lie.

And there’s the chance that at least two states could legalize recreational cannabis without even going to a public vote. So keep checking back for our analysis on that as well as how the Election Day 2018 play out.

Thanks for being a part of the National Institute for Cannabis Investors,

Greg Miller
Executive Director, National Institute for Cannabis Investors

P.S.: It has been a landmark year for cannabis. We witnessed an incredible migration of cannabis stocks move to U.S. exchanges. We saw the first cannabis-derived drug receive FDA approval. And we eagerly watched as Canada lifted the curtain on nine decades of recreational prohibition…

But the truth is, this “Green Gold Rush” is only just getting started.

With so many impending catalysts poised to bring windfalls to the best firms in this space, savvy investors need to figure out where the best plays lie. That’s why if you haven’t yet, now’s the time to check out the American Cannabis Summit. Former Speaker Boehner and our esteemed NICI panel laid out a specific roadmap every American should follow to get in on this green gold rush.

Because we know, without question, that cannabis presents a historic investment opportunity. Just click here to watch this historic event for yourself.


Comments

One response to “Forget Canada, These Cannabis Profit Catalysts Are Less than 48 Hours Away”

  1. Thc kills cancer cell it helped the pain insomnia grow it natural no artificial chemical like pecticides or liquid fertilizer nor miracle just sun ,water,dirt

Leave a Reply

Your email address will not be published. Required fields are marked *