Pot Stocks Just Got Another Boost Thanks to the Midterm Elections
Major Buy Alert: Cannabis Legalization Has Been Approved
For months I’ve been telling you...
Something big is going to happen in Michigan on November 6th.
And it did.
Two nights ago, the good people of Michigan voted to legalize the adult use of cannabis.
This means any adult over the age of 21 will soon be able to purchase, grow, or consume cannabis without a prescription from a doctor.
Although the Michigan legalization vote didn’t create as much of a buzz as the California legalization vote just a couple of years ago, investors should pay close attention.
You see, Michigan already had a medical cannabis program in place, which will see sales as high as $425 million this year alone. It should also be noted that Michigan has the country's second-largest patient base.
But with adult-use legalization approved, Michigan is now expected to reach sales of about $1.5 billion by 2023.
This is huge.
We’re on a Fast Track
Over the next few months, there’s going to be a flood of new cannabis companies looking to get a piece of this market. Some are already there, which you can read more about in this investment note.
And more will stake their claims before the year comes to a close.
Because, you see, there’s a good chance Michigan may end up fast-tracking its regulatory framework in order to get this new market up and running in as soon as six months.
Nevada pulled this off, and that state saw cannabis sales exceed $530 million within the first year. This resulted in about $70 million in tax revenues and more than 8,000 jobs.
Make no mistake: The state of Michigan needs money and jobs. And this is exactly what the legal cannabis industry is going to deliver. So it should come as no surprise that some lawmakers want to get this legal market up and running as soon as possible.
Following yesterday’s midterm results, I sent out a new investment note that identifies this new opportunity in Michigan, as well as outlines how investors can take full advantage.
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This Isn’t New
If you’re a regular reader of these pages, you know I’ve been helping folks make a ton of money in the legal cannabis space.
In fact, just a few weeks ago, we closed out the following positions for massive gains.
Check it out:
- Aphria, Inc. (TSX: APH) — 1,174.3%
- Aurora Cannabis (TSX: ACB) — 100.6%
- OrganiGram (TSX-V: OGI) — 1,185%
- Canopy Growth Corporation (TSX: WEED) — 3,015.6%
And there are plenty more to come.
So even if you’ve been on the fence for the past few years while the rest of us have been pulling in triple- and quadruple-digit gains in the cannabis space, you can still get some of this action.
All you have to do is get off that fence, make a move on any one of the stocks discussed in this report, and start making some real money.
Or you can miss out on the next big run on cannabis stocks, which is going to happen in just a few more weeks.
It’s your choice.
But know this: If you sleep on this next run, you’ll likely miss out on the last great opportunity to profit from the pot stock boom. Because after this next round, all bets are off.
Don’t wait any longer.
Make a move, and get some of this action — before it’s too late.
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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