I just flew back from a cannabis investment conference in Las Vegas, where I spoke before standing-room-only crowd.
Why is everyone so interested in cannabis?
I could talk about that all day long. But since it’s the weekend, I’ll just give you three charts.
Chart #1: America’s Appetite for Cannabis
It wasn’t that long ago that I told you how cannabis is getting bigger than baseball. Well, give it a couple of years, and you’ll see it grow bigger than a lot of other things …
Source: KushCo Holdings
By 2020, cannabis is going to be bigger than chocolate … bigger than organic food … bigger than wine! (Don’t tell my wife about that one.)
In fact …
- Retail cannabis sales are projected to reach more than $20 billion by 2020. And that’s in the U.S. alone.
- By 2026, the U.S. legal market is projected to grow to more than $80 billion.
- Because the marijuana business sparks activity in other parts of the economy, from lawyers to electricians, there could be an additional $75 billion of economic value by 2030.
- Global legalization could lead to 1 billion consumers and a $500 billion annual market.
Chart #2: Why Big Pharma is Worried
This chart, from Emerald Health Therapeutics, shows common ailments and the cannabinoids that can be used to treat them.
Source: Emerald Health Therapeutics
What’s more, a study from the University of Georgia examined the costs of Medicare’s prescription drug benefit program in 2013 over 17 states. Researchers found a savings of $165.2 million in prescription costs from using cannabis.
So you can see why Big Pharma is worried. Some are being proactive — developing new drugs with cannabis or even artificial THC as an ingredient. And I think we could see a buying frenzy down the road, as the cash-rich pharma giants buy up promising cannabis-based drugs.
Now, my third chart. It’s really a table; one I’ve created for you.
Chart #3: Zoom-Zoom Growth
Look at these numbers …
It was only a couple years ago that states that had legalized marijuana were in the minority. It was only a few years before that, that fully HALF of Americans didn’t want marijuana legalized. Look at ’em now!
The legal market for marijuana is soaring, and is projected to double in a few short years. And the market for CBD is blasting off like a Saturn rocket!
Now you know why all those investors at the Las Vegas MoneyShow were excited. They want a piece of this.
How about you? Do you want a piece of this massive boom?
An easy way to do it is to buy the ETFMG Alternative Harvest ETF. But that’s the easy, lazy way.
I explain the truly profitable way in my video. Due to overwhelming popular demand, it’s back online — but only this weekend.
If you click here, it will begin playing on your screen immediately.
All the best,