This Industry Is About to
Get a Huge Jolt
Rodney Johnson | July 23, 2019 | It's another hot week on the Texas Gulf Coast. For yet another day, when I went on my morning run at 4:45am, the temperature was 84 degrees –with humidity, a heat index of 96. This was the coolest time of day. It's about now that we start longing for the cooler days, which down here won't come until after Halloween. Sure, we'll get a cool morning here and there, but things don't turn around here before some time in November, which seems like forever. Between now and then, I'll keep running before daylight and drinking plenty of fluids. But it's not all bad. With so much sunshine and warm weather along the coast, plenty of people are interested in my new side hustle, renting out golf carts. The business, which I've described here before, is straightforward. My business partner offers golf carts for rent on the main drag on Galveston Island where, by a fluke of local traffic law, he's the only provider. The business has been running for about five months and is doing well, but there was one aspect we had to address… cash. At first, we accepted cash, but it's hard to track, has to be secured, is a temptation for abuse by employees, offers no recourse if someone damages a cart, and puts the business at risk of theft. We stopped taking cash after 45 days and haven't missed it. Imagine if we didn't have a choice. Think about all the issues with verifying every transaction, making the right change, storing thousands of dollars each day on site, transporting cash for deposit each weekday, watching employees to guard against leakage, whatever. In a world set up for credit cards and Apple Pay, it would have been a disaster. And this is just for my small, but thankfully growing, golf cart business! Now, multiply those problems by the size of the cannabis business, and you'll get a sense of what that industry faces – because it mostly runs on cash. With marijuana still illegal at the federal level, banks and other nationally regulated or licensed institutions are hesitant to get into the business. This leaves cannabis businesses at every level dealing with mounds of cash. They have to secure it, track it, and transport – all of it! In 2018, Colorado alone collected $270 million in taxes on marijuana sales, much of it paid in cash! But those days could be ending soon... READ MORE » Adam O'Dell Has Done it Again!  Adam O'Dell has already shown his readers the potential for 44% annual gains in his Cycle 9 Alert research service model portfolio (crushing the S&P500's returns by almost 4-to-1). Now he's applying the same powerful scientific strategy to the most exciting market on Earth: Cannabis. His extensive backtest shows that you could have turned a small stake in each play into a $3.5 million fortune over the long run! Get the full story on his breakthrough by going here now.
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