Investing in New York Cannabis Stocks
My Next $3 Billion Pot Stock Bonanza
We decided to share a joint on our way to a meeting with a group of some very wealthy investors.
It was me, a lawyer friend of mine, and a representative from a cannabis company that’s gearing up for a huge windfall once the state of New York legalizes the recreational use of cannabis.
On our walk, we passed by a number of police officers who didn’t even bat an eye. But this doesn’t mean all of law enforcement is OK with cannabis consumption.
In fact, a group of New York state sheriffs recently came out against the proposed cannabis legalization measure put forth by Governor Andrew Cuomo. I thought about that as I consumed my own cannabis on the way to that meeting with a group of folks worth a combined net worth of close to $1 billion — all of whom are eager to plow millions of their own dollars into the state’s cannabis industry.
I thought about how these sheriffs were taking their fight to the masses in an effort to warn New Yorkers about what they see as the dangers of legalization. And I thought about how their efforts would end up being as useful as Paris Hilton at a spelling bee.
While these guys are making statements to the media, millions of dollars are being deployed into the New York recreational cannabis market — which isn’t even legal yet.
Politicians are already fighting about how much they’re going tax it, where that money will go, and who will be able to capitalize on a market that’s expected to be worth more than $3 billion a year.
I’m not trying to be inconsiderate, but if those sheriffs think they have any power to stop a $3 billion a year market in a state that’s desperate for jobs and tax revenue, they’re crazy.
The truth is, this is happening. And those who understand why this is happening would be wise to get a piece of the New York cannabis market before it goes legal. Because make no mistake: This thing is going to mint millionaires.
From $50K to $1,000,000
We’ve already seen it happen before.
Investors getting an early piece of a cannabis market before that market goes legal.
Perhaps the most lucrative for early investors was the Canadian cannabis market, where just a few years ago, you could’ve bought shares of cannabis producer Canopy Growth Corporation (TSX: WEED) for just $1.60 a share.
Today, WEED trades for about $60.00 a share.
That’s a gain of 3,650%.
And that wasn’t the only one...
Those who got in early on other Canadian cannabis stocks, such as Aphria (TSX: APHA), Aurora Cannabis (TSX: ACB), and OrganiGram (TSX-V: OGI), were able to walk away with gains in excess of 1,000%.
To put this in perspective, consider OrganiGram, which I recommended to members of my Green Chip Stocks community when it was trading for just $0.40 a share.
Today, OrganiGram is trading around $8.40.
That’s a gain of 2,000%.
A one-time investment of $50K would now be worth more than a million dollars.
That’s what you call a millionaire-maker stock.
Now, while the big money has already been made in Canada, there’s another opportunity to do the same thing in New York.
The bottom line is that New York is going to legalize recreational cannabis this year. So it only makes sense to buy a select group of stocks that already have exposure in the Empire State.
You just have to know which ones to buy and which to avoid.
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My Next Millionaire-Maker
When I first recommended those 1,000% gainers in the Canadian cannabis market, I was able to identify those as winners thanks to a special algorithm I use called the S-50 Trigger.
The S-50 Trigger works similarly to Google's artificial intelligence (AI) program, which can accurately predict chess moves to win every game.
Only instead of chess moves, the S-50 Trigger analyzes social, economic, and political patterns that will directly affect a select group of stocks.
It alerts you to a very specific type of event that will cause these stocks to soar before it happens.
It was because of the S-50 that I was able to identify those big winners in the Canadian cannabis market. And it’s because of the S-50 that I’ve been able to identify which cannabis companies with exposure to New York offer the most potential for massive growth.
You can get access to a list of those stocks by clicking this link.
You can also check out the details on the S-50 Trigger, so you can see for yourself just how accurate and profitable this thing is.
While you’ll never see another 1,000% gain on a Canadian cannabis stock again, there’s a very good chance you’ll see one in the New York cannabis market, which is why it’s imperative that you get a piece of this action today.
To a new way of life and a new generation of wealth...
@JeffSiegel on Twitter
Jeff is the founder and managing editor of Green Chip Stocks, a private investment community that capitalizes on opportunities in alternative energy, organic food markets, legal cannabis, and socially responsible investing. He has been a featured guest on Fox, CNBC, and Bloomberg Asia, and is the author of the best-selling book, Investing in Renewable Energy: Making Money on Green Chip Stocks. For more on Jeff, go to his editor's page.
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