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Thursday, March 21, 2019 2:35:12 PM
IT'S FINALLY TIME TO GET INTO ONE OF THIS YEAR'S HOTTEST INDUSTRIES
The cannabis industry is breaking new ground…and making investors a lot of money.
While marijuana is still illegal in the U.S. on the federal level, that's likely to change soon.
And the potential profits of full legalization could be huge. In October, Canada officially announced it was legalizing marijuana. Many estimate this will bring billions of dollars of sales to Canadian pot companies in the years to come.
The excitement in pot stocks is justified.
According to Grand View Research, medical and recreational cannabis sales are projected to skyrocket to more than $146 billion by the end of 2025. It may eventually surpass both the soda and tobacco industries. This industry is still in its infancy, with a lot of room left to run.
Importantly, major blue-chip companies seem to agree. And it's one reason we could be entering the early stages of a marijuana boom this year.
Big, reputable, trusted brand-name companies are starting to believe that cannabis is here to stay. Several companies – Altria (MO), Anheuser-Busch InBev (BUD), Molson Coors Brewing (TAP), and Constellation Brands (STZ) – have made major financial investments in cannabis companies.
As of February 2019, these companies had a combined market cap of nearly $300 billion.
These partnerships show the successful, sophisticated blue chips believe a boom is coming. They're staking real money on it.
That's good for investors. It also means certain cannabis stocks could receive a major tailwind if more deals follow…
Meanwhile, blue-chip businesses have the infrastructure to help cannabis companies scale. When marijuana becomes legal in the U.S., they will be able to distribute cannabis products across the nation – without huge amounts of capital investment.
It's a true win-win arrangement. And again, it shows what the market's established giants believe is coming…
They've decided to get ahead of the shift, rather than lose sales to the upstarts.
This could be the year we see the cannabis industry begin to boom in earnest and the worthy cannabis companies start to rise to the top.
Here's to our health, wealth, and a great retirement.
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