Here’s a deeper look at the potential economic impact of conservative states entering the medical market…

According to our very own survey exclusive to Cannabis IPO Insider, they believe that conservative states legalizing cannabis will move the needle in 2020.

That’s astute, as bringing more states into the legal fold cuts down on black market sales and brings that money to companies operating within the law.

But you have to crawl before you walk, and everything starts with legalizing medical cannabis.

According to Pew Research Center, 55% of Republicans and 78% of Democrats polled in 2019 support legalization.

That’s just when respondents were asked about cannabis in general. The support for legalizing medical cannabis is another story.

Turns out, nine-in-ten adults in the U.S. are in favor of legalizing medical cannabis.

Broken down by political affiliation, Republican support for medical cannabis clocks in at 87% while Democratic support is all the way at 96%.

It’s no wonder support for medical cannabis is sky-high.

Countless researchers have demonstrated the health and wellness benefits of cannabis for everything from cancer to migraines.

We’re talking about a market of over one billion people who are ready to put their money straight into the legal cannabis industry…

The Staggering Economic Impact of Legalization

In 2020, we have 19 states that could potentially pass some form of cannabis legalization. The economic impact of that would be staggering.

Let’s break it down.

According to projections by New Frontier Data, should all 19 states be successful…

  • 90% of the U.S. population would have access to a legal weed market.
  • $3.5 billion could be generated in sales just during the first year.
  • $11.5 billion could be generated in sales by the fourth year.
  • And by 2025, the size of the legal cannabis industry could grow to $41.6 billion.


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Source: New Frontier Data
Even if only a fraction of those 19 states pass legalization measures this year, the point is that millions of people would still gain access to legal cannabis, millions of dollars would still be collected in tax revenue, and billions of dollars would still pour into the legal cannabis industry.

And conservative states are playing the biggest role in making that happen this year.

Conservative States Look to Enter the Medical Market

On Monday, we talked about the most important aspect of cannabis legalization – the bigger picture that legalizing all cannabis use across the country and bringing money from the illegal to legal markets is what will move the needle.

And increasing access to medical cannabis for patients in need plays a big role in all of that.

Some black market sales are from people who are sick and who also want to avoid using opioids. They would gladly purchase medical cannabis if their state allowed it or had less stringent qualifying conditions.

Eventually, the federal ban on cannabis in the U.S. will end but, again, everything starts with legalizing medical use first.

Of the 19 states that are actively considering cannabis reform in 2020, eight of those are looking to enter the medical market: Virginia, North Carolina, South Carolina, Mississippi, Georgia, Tennessee, Texas, and South Dakota.

By our estimates, Idaho, Nebraska, Montana, Alabama, and Kentucky could also possibly get their acts together to legalize medical cannabis, but most likely not this year.

Collectively, these states could give over 1.3 million medical patients legal access to cannabis.


Click to Enlarge
Source: National Institute for Cannabis Investors
 

Even with the majority of these states leaning Republican, the data tells us that the demand for medical legalization is not a partisan issue but instead, a priority.

As the great cannabis advocate, Steve DeAngelo, once said, all cannabis use is medical.

Cannabis legalization – both medical and recreational – is inevitable. The real question is, will you be in a position to profit when and if the U.S. cannabis market reaches its $1 trillion potential?

Take care,


Comments

7 responses to “The One Thing Republicans and Democrats Can Agree on – Medical Cannabis”

  1. Why is Curaleaf not in any portfolios? Curaleaf is the best performing US MSO of 2020 by far and is in blue sky breakout mode. $300 mil fixed rate added today in financing to give Curaleaf $411 million of cash on the books. Any day now, Select acquisition will close followed up with the expedited closing of Grassroots in Q1 2020. Grassroots will immediately add 25 open dispensaries and close to million sq ft of cultivation facilities to Curaleaf’s capabilities/established infrastructure. Please consider adding or recommending Curaleaf to everybody Mr. New Executive Director. Please take this in earnest as I am ecstatic that we have a new director and am hoping for earnest changes to help out others. I am already set up with winning, but hope that you spread the word to others. Thank you for your time.

  2. Thank you for your insights
    on the Cresco Origin House merger.
    NICI…..What is the problem with Wisconsin? For a state that prides itself
    in Forward Progress, I just don’t see it.
    Is the Tavern League afraid of losing
    money from cannabis competition?
    Very confusing and frustrating.

    GM

  3. I wish I could get somebody to give me a little more insight on how to put the dollar amount down and where and when I am very new very unsure so if you can help please let me know

    • Hi Tamara,

      To start out, you will need to open a brokerage account.

      These are all brokerage companies our members use, and their respective customer service departments will be more than willing to help walk you through creating an account:
      eTrade 1 (800) 387-2331
      Fidelity – 1 (800) 343-3548
      TDAmeritrade – 1 (800) 669-3900

      After that, you will need to connect your bank account to your brokerage account to fund it. For how much money you are going to invest, that is a personal decision that each investor needs to decide for themselves.

      But always remember that you shouldn’t invest what you can’t afford to lose. It’s okay to start small and figure out your risk tolerance with cannabis stocks.

      Once you have a brokerage account and your bank account linked to it, you can start buying cannabis stocks.

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