Look for the Boom...

Legalization is coming...‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

SPONSORED The World's Billionaires Are Talking About 1 Thing. Why? Hedge fund kings Ray Dalio and Paul Tudor Jones are raving about it... real estate billionaire Sam Zell recently said he bought some "for the first time"... Egyptian billionaire Naguib Sawiris just put HALF of his $5.7 billion fortune into this asset ... and billion-dollar hedge fund Crescat Capital said playing this investment right could be "the trade of the century." So what is this asset that's captivating the world's greatest investors? Details are revealed here, as well as a way to leverage the gains this asset could provide by up to nine times! MARKET TRENDS Look for a Cannabis Boom in 2021 Jody Chudley, Contributing Analyst, The Oxford Club 2021 will be a huge year for the legalized marijuana business in the United States. As a Canadian, I have unique firsthand experience with national cannabis legalization... And I believe that we are heading for a boom. Let me show you why 2021 is going to be big for the weed industry - and why it'll pay to be selective... Across the Country, We'll Make Up Big Deficits When we finally come out of COVID-19, every state in the U.S. is going to be desperate for cash. Tax revenues are down in a big way because of a sputtering economy. State government spending, on the other hand, is way up as we fight our way through this plague. Decreased revenue and increased expenses have punched giant holes through annual budgets, and state balance sheets are taking an even bigger beating. We are talking about massive financial shortfalls across the country. In 2021, politicians will need to scour the sofa cushions for every penny they can find. All of a sudden, the idea of collecting state sales tax revenue on legalized marijuana will become very appealing. In 2020, COVID-19 has put a damper on marijuana legalization. Coming into this year, analysts expected that up to 16 candidates would put cannabis legalization on their election ballots. That list has quickly shrunk as elected officials shifted their focus to battling the pandemic. While this year the politicians are focused on COVID-19, next year they will be scrambling to pay for it. The states that deferred legalization efforts are going to move forward with it aggressively in 2021. Any other states that were close to moving on legalization will do the same as they seek to shore up their finances. According to BDS Analytics, which tracks the cannabis industry, sales in states that have already legalized both recreational and medical use hit $15 billion in 2019. That number is expected to double to $30 billion by 2024. Obviously, states that aren't collecting tax on cannabis are missing out on a lot of revenue. They are also missing out on a lot of jobs. There are 244,000 full-time employees in the industry where states have legalized. Jobs and tax revenue create a powerful combination to make weed legal... SPONSORED Do You Own ANY 5G Stocks? CNN calls 5G "the lifeblood of the new economy." If you don't invest now, you'll regret it later. Click here for details on the top 5G stock... A Legalization Boom Does Not Guarantee a Boom in Pot Stocks I live in the province of Manitoba. Recreational marijuana use has been legal at the federal level up here since October 17, 2018. In mid-March, Manitoba went into lockdown and only essential businesses were allowed to remain open. To get out of the house, I took the kids on rides through the city to see how empty the streets were. It was surreal. As we drove around, we would alert each other when we saw a business that still had a flashing "open" sign in the window. Every couple of blocks, the kids would spot an open sign and shout out "There's one!" You would be shocked by how many times what they were looking at was a marijuana dispensary. We live in a tiny city with just 65,000 residents. But our little city already has more weed shops than it has McDonald's, Burger King and Wendy's locations combined. Trust me when I tell you that Manitobans eat a lot more burgers than use cannabis... But we are overrun with these shops. I don't have a problem with that, but those businesses are going to have a problem because they can't possibly be making any money. There is far too much competition in this industry for these companies to generate decent profit margins. In places where marijuana is legal in the United States, the same thing has happened. Lots of companies have rushed in and created a highly competitive marketplace. Heavy competition does not create big profits... When the legalization boom comes in 2021, investors need to look at this industry with their eyes wide open. Yes, I believe that there will be a few really, really good marijuana stocks in the years ahead. But there are going to be a whole lot more that crash and burn. Good investing, Jody P.S. To learn more about investing in this up-and-coming industry, click here to subscribe to our sister e-letter Profit Trends. There, experts Matthew Carr and David Fessler cover everything from cannabis investing to 5G and alternative energy. (Clicking above will opt you into Profit Trends' free e-letter and offers from us and our affiliates that we think might interest you. For details, take a look at our Privacy Policy.) Leave a Comment MORE FROM WEALTHY RETIREMENT Debunking 5 Myths About Penny Stocks Build Your Own Financial Aha! Moment The Latest Science on Aging Facebook Twitter Email Share SPONSORED NIH Trial Proves: New COVID-19 Drug ACCELERATES Recovery The biotech behind this promising drug is the biggest no-brainer investment coming out of the "Corona Crash." Japan is moving forward with this drug. 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