It's all a matter of finding the right one. I think I've found it. Food for thought.
Special Report
Investing in Marijuana Stocks
As a writer, I sometimes find it nearly impossible to avoid a pun when they come so fast and easy. But after reading over marijuana investing articles in the past few months, it has become completely unbearable...
Marijuana Legalization Has Lit Up
These Stocks Pot Shares Rally 21% to 1,700% as Speculators See Green
Marijuana Stocks Show 'High' Hopes
Pot Penny Stocks Smoking on Rise of Legalization
Groan...
Such headlines are sillier than a stoned teenager watching Cartoon Network, so I'll spare you the terrible pot puns and get right to the point: marijuana legalization could make you very rich.
Marijuana stocks are gearing up to be huge in 2014 and beyond. Some investors have already banked gains of over 2,000% on some budding marijuana stocks. And as more and more states legalize both medical and recreation weed, those profits are going to keep on growing.
Here's why grass is greener than practically anything else you can invest in right now...
I'm not going to bother with any ethical issues here. Whether you support pot smoking or not, this industry is going to be massive.
For better or worse, marijuana is immensely popular. And its popularity is increasing each and every day...
A recent survey revealed that 7.3% of Americans 12 or older regularly used marijuana in 2012, up from 7% in 2011. That's 7.6 million Americans that light up almost every single day of their lives. Countless millions of others use it occasionally...
And more people use marijuana than are actually estimated (in no small part because people don't like admitting incriminating things about themselves). The real number of smokers has been estimated as high as 50 million.
Most telling is that the new generation of teenagers is smoking more pot than ever. Today's teens are lighting up 80% more than they were in 2008. In fact, more teenagers smoke pot than cigarettes... and you know what a profitable business cigarettes have been — even after they were proven to give you cancer. Marijuana has no proven health effects anywhere near that serious.
It stands to reason that as more and more states open up to legal weed, this new crop of Americans will be buying it up in record numbers.
"The demand for marijuana is insatiable," according to Bruce Perlowin, CEO of Hemp Inc. (HEMP). "It's a feeding frenzy for the birth of a new industry."
The trend is clearly growing in favor of marijuana growers and distributors. You can choose to turn up your nose, or you can start cashing in on the feeding frenzy while it's still on the way up...
A Sticky Green Market
All told, the legal weed industry could be worth between $35 billion to $45 billion a year.
In the first week after Colorado legalized recreational marijuana, customers shelled out $5 million to get their Rocky Mountain high. They sold a million bucks' worth on the first day alone! And each of those sales comes with a 10% sales tax...
Washington State imposes a 25% excise tax every step of the way: production, processing, and sales. And that's on top of the 8.75% sales tax.
Colorado estimates that the booming industry will pull in around $67 million in tax revenue — each and every year. I doubt too many other states will want to pass up that kind of tax revenue, so more and more will follow suit.
Twenty states have already legalized medical marijuana use: Alaska, Arizona, California, Colorado, Connecticut, Delaware, Hawaii, Illinois, Maine, Massachusetts, Michigan, Montana, Nevada, New Hampshire, New Jersey, New Mexico, Oregon, Rhode Island, Vermont, and Washington State.
This list will also grow in the years to come...
So how do you get your share of this cash crop?
Bong-Rattling Profits
There are a few different ways to play legal weed: You could buy producers, retailers, or auxiliary
Smoke and Mirrors?
There is no denying it: Marijuana will continue to get more popular, and there is little left to stop its progress.
Public opinion on the legalization of weed continues to skyrocket. Now, 55% of Americans support full-scale legalization. That's up from 16% in 1987, 26% in 1996, 34% in 2002, and 43% two years ago.
While it is indeed a volatile sector, with risk comes reward. Just take a look:
1910% on CannaVest, who had a 52-week low of $10 and a 52-week high of $201 a share.
Next Gen Metals’ stock rocketed from five cents to more than 70 cents after they announced plans to invest in marijuana companies. That's an insane 1,300% gain.
Hemp Inc. went from a penny to 34 cents a share, a 3300% gain.
But if you are scared to try your hand at these thinly-traded over-the-counter markets, you could always invest in larger complementary markets. Like Frito-Lay, owned by Pepsi (NYSE: PEP), for instance...
I cannot help but imagine we'll see sales of Doritos skyrocket when legal weed is available all over the country.
Or maybe those profits are already baked in...
Special Report
Investing in Marijuana Stocks
As a writer, I sometimes find it nearly impossible to avoid a pun when they come so fast and easy. But after reading over marijuana investing articles in the past few months, it has become completely unbearable...
Marijuana Legalization Has Lit Up
These Stocks Pot Shares Rally 21% to 1,700% as Speculators See Green
Marijuana Stocks Show 'High' Hopes
Pot Penny Stocks Smoking on Rise of Legalization
Groan...
Such headlines are sillier than a stoned teenager watching Cartoon Network, so I'll spare you the terrible pot puns and get right to the point: marijuana legalization could make you very rich.
Marijuana stocks are gearing up to be huge in 2014 and beyond. Some investors have already banked gains of over 2,000% on some budding marijuana stocks. And as more and more states legalize both medical and recreation weed, those profits are going to keep on growing.
Here's why grass is greener than practically anything else you can invest in right now...
I'm not going to bother with any ethical issues here. Whether you support pot smoking or not, this industry is going to be massive.
For better or worse, marijuana is immensely popular. And its popularity is increasing each and every day...
A recent survey revealed that 7.3% of Americans 12 or older regularly used marijuana in 2012, up from 7% in 2011. That's 7.6 million Americans that light up almost every single day of their lives. Countless millions of others use it occasionally...
And more people use marijuana than are actually estimated (in no small part because people don't like admitting incriminating things about themselves). The real number of smokers has been estimated as high as 50 million.
Most telling is that the new generation of teenagers is smoking more pot than ever. Today's teens are lighting up 80% more than they were in 2008. In fact, more teenagers smoke pot than cigarettes... and you know what a profitable business cigarettes have been — even after they were proven to give you cancer. Marijuana has no proven health effects anywhere near that serious.
It stands to reason that as more and more states open up to legal weed, this new crop of Americans will be buying it up in record numbers.
"The demand for marijuana is insatiable," according to Bruce Perlowin, CEO of Hemp Inc. (HEMP). "It's a feeding frenzy for the birth of a new industry."
The trend is clearly growing in favor of marijuana growers and distributors. You can choose to turn up your nose, or you can start cashing in on the feeding frenzy while it's still on the way up...
A Sticky Green Market
All told, the legal weed industry could be worth between $35 billion to $45 billion a year.
In the first week after Colorado legalized recreational marijuana, customers shelled out $5 million to get their Rocky Mountain high. They sold a million bucks' worth on the first day alone! And each of those sales comes with a 10% sales tax...
Washington State imposes a 25% excise tax every step of the way: production, processing, and sales. And that's on top of the 8.75% sales tax.
Colorado estimates that the booming industry will pull in around $67 million in tax revenue — each and every year. I doubt too many other states will want to pass up that kind of tax revenue, so more and more will follow suit.
Twenty states have already legalized medical marijuana use: Alaska, Arizona, California, Colorado, Connecticut, Delaware, Hawaii, Illinois, Maine, Massachusetts, Michigan, Montana, Nevada, New Hampshire, New Jersey, New Mexico, Oregon, Rhode Island, Vermont, and Washington State.
This list will also grow in the years to come...
So how do you get your share of this cash crop?
Bong-Rattling Profits
There are a few different ways to play legal weed: You could buy producers, retailers, or auxiliary
Smoke and Mirrors?
There is no denying it: Marijuana will continue to get more popular, and there is little left to stop its progress.
Public opinion on the legalization of weed continues to skyrocket. Now, 55% of Americans support full-scale legalization. That's up from 16% in 1987, 26% in 1996, 34% in 2002, and 43% two years ago.
While it is indeed a volatile sector, with risk comes reward. Just take a look:
1910% on CannaVest, who had a 52-week low of $10 and a 52-week high of $201 a share.
Next Gen Metals’ stock rocketed from five cents to more than 70 cents after they announced plans to invest in marijuana companies. That's an insane 1,300% gain.
Hemp Inc. went from a penny to 34 cents a share, a 3300% gain.
But if you are scared to try your hand at these thinly-traded over-the-counter markets, you could always invest in larger complementary markets. Like Frito-Lay, owned by Pepsi (NYSE: PEP), for instance...
I cannot help but imagine we'll see sales of Doritos skyrocket when legal weed is available all over the country.
Or maybe those profits are already baked in...
