The “green rush” is turning into a green wave across the country.
You see, last December, President Trump signed the Farm Bill. It legalized industrial hemp as a crop. And it’s unleashed a surge of state laws and rules legalizing cannabis…
- Maryland’s Medical Cannabis Commission will offer several types of licenses for growing and processing cannabis. The deadline to apply was Monday.
- Illinois is the 11th state to legalize recreational marijuana. On Tuesday, Governor J.B. Pritzker signed the Cannabis Regulation and Taxation Act. The law will go into effect on January 1, 2020.
- This month, Canada amended its Cannabis Regulations. The new rules allow the sale of cannabis edibles, extracts, topical solutions, and more. They go into effect this October.
- Friday is the deadline to apply for Nebraska’s hemp production license. This year, only research purposes for growing it are allowed. But commercialization is expected as the state develops its regulatory framework.
As you can see, legal cannabis is here to stay. And Palm Beach Daily editor Teeka Tiwari’s been saying it all along.
In fact, he believes those who get into this trend early stand to make life-changing gains. And today, I’ll tell you which types of companies will ride this trend higher…
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A Wave of Spending
According to research firm Statista, the global legal cannabis market will jump from around $17 billion in 2019 to $63.5 billion by 2024—a nearly 274% increase.
Now, the biggest mistake pot-stock investors make is not distinguishing between legal and illegal cannabis at the federal level.
But if you’ve been following Teeka, then you know the cannabis plant has many types.
Most people are only familiar with marijuana (also known as pot or weed). It contains tetrahydrocannabinol, or THC. It’s the psychoactive compound that makes people feel “high.”
And the federal government lists marijuana as a Schedule I drug. So it gets the same treatment as heroin, LSD, and ecstasy. Since it’s illegal, most big banks won’t touch financing for marijuana deals.
Hemp is another cannabis type, though. It produces a chemical called cannabidiol, or CBD. And unlike THC, CBD doesn’t make you feel intoxicated.
So while marijuana is medically legal in 33 states (and recreationally legal in 11), it’s still illegal at the federal level. But hemp is legal across the country.
Recreational pot will end up much like the modern-day alcohol and tobacco industries: A handful of well-financed survivors will thrive off a stable of big brand names.
But since pot is still illegal at the federal level, it’ll be years before these opportunities come to fruition. So it’s nearly impossible to guess which pot stocks will win big at this stage.
Meanwhile, you run the risk of missing out on profiting from the mother lode: non-THC cannabinoids.
And as you can tell by the recent headlines, the legal cannabis boom is taking off…
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Emerging From the Shadows
The writing is on the wall: This is an unstoppable—and profitable—trend.
New research by Merrill Lynch shows legal cannabis will eventually disrupt markets generating $2.6 trillion per year in revenue—from health and wellness to beverages and industrial products.
If it captures just a fraction of these markets, we believe it’ll become a $260 billion market—practically overnight.
And Teeka says hemp products will take a big chunk of that revenue…
Hemp has about 50,000 industrial uses. You can use it to make clothes, paper, and biodegradable plastics. So we’ll see a lot of hemp and CBD added to thousands of products.
The U.S. Hemp Crop Report shows acreage of hemp cultivation more than tripled from 2017 to 2018. And according to Grand View Research, the global industrial hemp market size will grow at an annual rate of 14% from now until 2025.
Here’s the thing… There’s not enough hemp in the world to meet this demand. Companies throughout the hemp value chain are scrambling to get involved.
So this is becoming a massive opportunity. And the best thing is, you don’t have to wait to play it.
One way for investors to capitalize on this trend is to follow what’s happening on Capitol Hill and in statehouses across the country.
A simple way to stay informed is through the National Cannabis Industry Association. It represents thousands of businesses and professionals in the space. And it tracks cannabis legislation on its website. You can follow it here.
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And if you’re looking for more specific investing opportunities, Teeka held his free Pocket Change Millionaire Summit live last night.
During the summit, Teeka revealed his most powerful wealth-building secret. It’s one he’s used to see a small, $1,000 investment turn into as much as $1.6 million.
It’s a “sweetheart deal” in a market that Main Street has essentially been locked out of. Plus, Teeka shared the details of five cannabis stocks he believes have 10x potential.
And now, you can watch a replay of Teeka’s exclusive event right here. You won’t want to miss it.