Massachusetts Going Legal – 3 Permits Winners Ready to Profit
Posted on May 23, 2018 by Cannabis Stock Trader MJTK ROCKET TIME
Back in January 2018, California legalized recreational cannabis. It was a huge breakthrough for the US cannabis industry and it sent cannabis stocks operating in California soaring.
For example, Innovative Industrial Properties (NYSE: IIPR), a US cannabis company headquartered in San Diego California, jumped almost 100% in the month leading up to California going legal. Shareholders were rewarded with some big gains in a short time.
Today – I see this same pattern repeating itself on the other side of the country.
Massachusetts is set to legalize recreational cannabis on July 1 – a little more than a month away.
According to market-research firm New Frontier Data, sales should be around $500 million in 2018 and jump to more than $1 billion by 2020.
This is creating another great opportunity for cannabis investors.
Similar to Canada, Massachusetts requires any company that wants to grow or sell cannabis to acquire a permit.
Right now, while hundreds of companies wait in line for a permit, a small group of little-known cannabis companies has already secured the permits needed to grow and sell cannabis.
These companies are sitting on a lottery ticket. The small number of companies that have landed a permit are in position to scoop up millions in new sales, gain customer loyalty and establish valuable first-mover advantage.
