This is the next hot cannabis tourism market…
Las Vegas is one of the most important cannabis markets in the world right now because of its status as a premier tourist destination. From 2000 to 2018, anywhere from 35 million to nearly 43 million people visited the city each year.
And while Vegas will always attract out-of-towners for gambling and shows, cannabis is the new attraction in town.
Many people will try their first legal product in Sin City and, in turn, look for that same product from that same brand the next time they visit a dispensary.
As you know, I’m currently in Las Vegas, networking and meeting with insiders to add more investment opportunities to our pipeline.
By the same token, there’s also another cannabis tourist destination I need to talk about today.
It’s a little cold in the winter and is known for being windy, but this city just set a tourism record for itself in 2018 with over 57 million visitors.
In fact, back in June, I dubbed this spot the “Marijuana Mecca” of the Midwest.
The Windy City Sells Cannabis
On January 1, recreational cannabis sales will kick off in Illinois.
Some projections show it could be a $2 billion market per year, depending on how many tourists buy cannabis products.
And thanks to Chicago, there will be a lot of tourists buying a lot of cannabis products.
Cannabis legalization in metropolitan areas like Chicago is driving more and more cannabis companies to go public – but not all of them are winners. The NICILytics database rates each of these companies on a simple 1-5 scale so you know which ones could make you a fortune. Learn more here.
When Rahm Emanuel became mayor in 2011, one of his focal points was to get more people to visit Chicago.
He helped the tourism industry boom by bringing the NFL Draft to his city in 2015 and 2016, creating an entertainment hub along the Chicago River called Riverwalk, and showcasing the Chicago beer scene with “Friday Night Flights” where breweries set up tastings to be enjoyed along with live music.
When Emanuel became mayor in 2011, Chicago had 39 million visitors.
In 2017, the city set a record with 55.2 million visitors. It then upped that number to 57.6 million in 2018.
So, whether it’s to catch a sporting event or grabbing a pint at the Lagunitas Brewing Company on W 17th Street, many people will have their first taste of legal cannabis on their next trip to Chi-Town.
Consequently, with so much to look forward to in the U.S. cannabis market in 2020, I’m going to make sure you are up to date with everything that is happening around the nation.
I’ll have a special report out about the blockbuster cannabis sales in Massachusetts very soon.
Keep an eye out for that and, in the meantime, check out my interview with an exciting new cannabis-infused beverage company in Massachusetts. With the cannabis beverage market expected to become its own billion-dollar industry in the next several years, you won’t want to miss it.
Executive Director, National Institute for Cannabis Investors
P.S. Legalization may just now be sweeping across the United States, but Canada is already in phase two. And on December 16, Canadian companies are going to begin rolling out dozens of new products – from vapes, to edibles, and everything in between. This all spells out a projected $3.9 billion injection of cash into the existing cannabis market – and soaring gain potential for investors. Which is why we’ve scouted out two companies who could see growth of 500% after this catalyst date. And the best part? They’re each trading for under $3 each. Go here now to see how you can take advantage of these penny stocks before December 16.
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December 11 2019