April 19th, 2024
It's considered the largest cash crop in the U.S.
Enjoying a growth rate of 77% from 2013 to 2014 and an estimated 700% growth rate by the end of 2018, it's bigger than corn, bigger than cotton, and bigger than wheat.
I'm talking about marijuana. And according to UN data, it's valued at about $142 billion.
To put that into perspective, the global coffee market — one of the most valuable commodities on the planet — is valued at about $80 billion per year.
The bottom line is that marijuana is no longer the underground drug that can only be bought on street corners from criminals. It's now a viable industry that's making investors an absolute fortune.
Take for instance, Canopy Growth Corporation (TSX: WEED) — one of the biggest producers of cannabis on the planet.
It's one of the biggest winners in the marijuana space to date. Check it out:
A $10,000 investment in WEED turned into $225,000.
Double that, and you're looking at $450,000 — nearly a half-million dollars!
Or consider Aphria, Inc. (TSX: APH) — another cannabis producer operating out of Canada but also boasting assets in the U.S. and Australia.
In February 2016, the stock was trading at around $1.10. By January 2018, it hit $24:
That's a gain of 2,081%!
Imagine putting $50,000 in APH in early 2016 and cashing out less than two years later. That would've put an extra $1.1 million into your pocket.
Of course, those two stocks are yesterday's news. But there are plenty of new legal marijuana stocks that are ripe for the picking.
In fact, in our latest legal marijuana outlook report, "Marijuana Outlook: Best Stocks to Buy," we highlight three types of legal marijuana stocks that are poised to be the next big winners in the space. You can access this report, which includes the names of some companies and their ticker symbols, by entering your email address in the field below.
Once you do that, you'll immediately get access to our latest marijuana outlook report. And as a bonus, you'll also receive our FREE daily e-letter, Wealth Daily.
Investors are lining up to be first in line for this next wave of legal marijuana stocks, so don't wait.
Enter your email address below, and get your piece of the action now.