It’s coming at us at lightning speed.
One of the only politicians, who hammer at corruption and at Washington D.C. nonsense, Elizabeth Warren, has introduced the STATES (Strengthening the Tenth Amendment Through Entrusting States) Act, which will, in essence, bypass the Federal Controlled Substances Act, and allow all the states, which already legalized cannabis, to operate without fear from the president or the administration, in general.
In other words, it’s a law, which, if put into place, will legalize cannabis in the U.S., in practice, until the official law follows at some point “in the next five years,” as leading experts on the matter seem to agree on.
As you know, President Trump is a businessman first, politician second, so when he sees Canadian cannabis stocks beginning to announce their plans to export and ship around the globe, he must be planning how to narrow the competitive gap with our friends in the north.
If the STATES Act passes, big pharma will lobby, ceaselessly, to take the additional step and legalize federally, so that they can finally enter the sector.
At that point, the companies we begin to invest in today and accumulate an ownership position in, will pay-off in ways not many investments do because of record amounts of mergers by the big players, eating-up the small fry, which was roaming the waters, without fear of larger fish, for close to a decade.
Medical cannabis already has the approval ratings and acceptance of over 80% of Americans, and with Massachusetts joining the seven states that have legalized recreational use on July 1st, the trend is clear-cut – states want tax revenue. In fact, they bank on it.
Understand that in Canada, they project that cannabis and its multipliers (advertisers, accountants, lawyers, shipping, logistics, marketing, compliance, sales teams, real estate warehousing and commercial offices, research and development, and others) could add 150,000 jobs, permanently.
California alone is bigger than that, so their potential is massive by itself, but nationwide, we’re talking about millions of employees.
We saw a wave of crypto millionaires arise in the timeframe of 2-3 years with the speculative digital rush last year. Indeed, three subscribers, who acted on one of our earliest picks in February of 2017, and decided to risk over $30,000 total, have emailed us to announce that they were millionaires, thanks to our alerts on Dash, Ethereum, and Monero!
These types of returns are legendary and, in the coming years, as cannabis goes from obscure to trendy, countless people will become millionaires as well.
To give you an idea of how early we are, Canada’s second largest operation, Aurora Cannabis, which I personally invested in and already took profits on, has two founding shareholder members, who have a net worth of about $250M. This may sound like a massive fortune, but consider that this is peanuts compared with the salaries and compensation of big pharma, the largest tech plays, or big banking.
In the next 15-20 years, no industry, besides Artificial Intelligence, is set to grow as fast and as assuredly as cannabis and hemp.
Senator Elizabeth Warren has just handed us the biggest legislative advancement since Colorado passed the amendment to become the first fully legalized state some years ago, and the second wave of cannabis millionaires will follow.
Between Canada’s legal future, just around the corner, the overwhelming approval ratings by U.S. surveys, and the STATES Act, I’m setting aside dry powder – cold, hard cash, to strategically position, before it’s too late and the opportunity shrinks and diminishes, due to over-crowdedness.
Research Partner, PortfolioWealthGlobal.com
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