This Is the Perfect Time to Own My Favorite "Pick-and-Shovel" Legal Weed Play

There's tremendous momentum in the legal cannabis sector right now. The boom is crackling with excitement and flush with money, reminiscent of the old California Gold Rush.

Call this the "Green Rush," where weed investors are pulling in profits hand over fist. 

Yesterday, for instance, it was reported that the 50 licensed marijuana retailers in Nevada, which only went "fully legal" 12 days ago, are already running out of marijuana to sell.

And California is less than six months from opening a legal, recreational market that will dwarf all other legal weed states, plus the entire nation of Canada. I'll tell you why I'm expecting monster profits there in a minute.

But... one of my favorite legal weed plays has been in the news lately for an entirely different reason.

Now, it's not a grower, and it's not a retailer (I save those recommendations for my paid-up Nova-X Report subscribers as part of a comprehensive, well-balanced, 30-stock weed portfolio), but it will be one of the biggest, most important players in this boom sector, especially when California lifts the curtain on its market.

And I couldn't be happier with the price we're getting here...


To get full access to all Money Morning content, click here

About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and visitors become smarter, more confident investors.

Disclaimer: © 2017 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.

The post This Is the Perfect Time to Own My Favorite "Pick-and-Shovel" Legal Weed Play appeared first on Money Morning - We Make Investing Profitable.

First published here: This Is the Perfect Time to Own My Favorite "Pick-and-Shovel" Legal Weed Play

No comments:

Post a Comment