They said it wouldn’t happen until the end of the year.
But now it looks like the state of Michigan will begin accepting recreational cannabis business license applications as soon as September.
Why should you care?
Well, if you hate money, then you shouldn’t.
But if you want to take part in the next wave of pot stock profits, pay close attention to what I’m about to share with you.
Easy Money
Last year, after the state of Michigan announced the legalization of recreational cannabis, I told investors to follow the money.
Follow the trail of treasure that will lead you to the public cannabis companies that are going to get first-mover advantage in a market that’s estimated to be worth $1.7 billion, as reported by Forbes.
That’s billion, with a “B.”
Since then, we’ve locked in on a few cannabis companies that already have a piece of the Michigan market.
But because this market is so huge, more opportunities to profit are coming.
Take Nabis Holdings (OTC: INNPF), for instance.
Although it doesn’t get much attention from the mainstream financial media, it’s actually in a prime position to capitalize on the Michigan cannabis market.
You see, Nabis Holdings is a Canadian company that is investing in strategic cannabis assets in the U.S. Quite a few of those assets are in Michigan.
At the moment, the company has completed five strategic investments in Michigan.
One is in Bangor City, which has already received municipal approvals for 10 cultivation licenses and one processing license. This property allows Nabis to grow indoor, outdoor, and greenhouse cannabis with an unlimited stacking ability of cultivation licenses.
The other four also have municipal approvals for provisioning centers in Battle Creek, Constantine, Muskegon, and Bangor City.
This ain’t rocket science, folks.
At this point in the game, it’s all about getting as much exposure as possible in the Michigan market — before September.
And Nabis Holdings is easy pickings.
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A No-Brainer
When it comes to making money in the cannabis space, Michigan is a no-brainer.
This is a state that already boasts the second-largest cannabis patient base in the U.S. and did nearly a half-billion in sales in 2018. And that’s just medical cannabis. Once you throw recreational cannabis into the mix, that number soars to almost $2 billion.
That’s a lot of scratch, and I’m sure as hell getting my fair share.
You should, too, but you’ll have to make a move soon. Especially now that the state has announced plans to accept business license applications sooner than expected.
Of course, we already know which public companies have first-mover advantage. You can get access to my complete list of these companies here.
Or if you just want to learn more about the Michigan cannabis market, check out this report, which explains in further detail why the Michigan cannabis market is about to make us all very, very rich.
To a new way of life and a new generation of wealth…
Jeff Siegel
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@JeffSiegel on TwitterJeff is an editor of Energy and Capital as well as a contributing analyst for New World Assets.
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