Alcohol was once illegal in the U.S. – that’s almost too hard to comprehend, but it happened less than 100 years ago.
Prohibition didn’t stop people from consuming booze, it simply made it harder to get, which attracted the attention of criminal parties and jacked up the price.
Remember this valuable lesson: The market will always find ways to supply the demand of consumers.
Today, alcohol sales in the U.S. alone are at $220 billion and growing:
The fact that alcohol was illegal in the U.S. is inconceivable.
Some of the wealthiest families in the world today are those who got into the game right after the ban was revoked and alcohol become legal once again.
The attitude and notion of the majority of the U.S. population towards cannabis is drastically changing.
Cannabis Market: Full Overview
Up until now, 29 states have legalized some form of marijuana.
On November 6, 2012, Colorado and Washington became the first states to legalize the sale and possession of cannabis for recreational use.
Now, 7 additional states and the District of Columbia have adopted the most expansive laws, legalizing marijuana for recreational use. Most recently, California, Massachusetts, Maine, and Nevada all passed measures in November legalizing recreational marijuana.
California will set the tone – it’s the Big Kahuna. This is the market leader, and I’m banking on U.S. politicians in other states that are on the fence right now and on legislators at the federal level to start lowering their defenses significantly and allow entrepreneurship to make the cannabis experience 100% positive.
California is a state of 39 million people. It’s not just that California is the 5thlargest economy in the world, this state has 250 million people a year that come and visit. Florida is number 2 in terms of yearly visitors, and they only get about 113 million – less than half as many as California.
22% of American adults are using marijuana, and the majority of this group are millennials.
596,500 adults aged 18 or older who took part in the annual U.S. National Survey on Drug Use and Health from 2002 to 2014 have brought about these conclusions: Marijuana for both medicinal and recreational use is rising exponentially.
Just to give you an idea of how small this industry still is, the largest cannabis player right now is a company with a market cap of USD$3 billion. In fact, it’s the only company in the cannabis space worth over a billion.
This will not be the case for long. From recreational uses to the endless potential of commercial capabilities, marijuana companies are going to rocket higher.
The wind is at our back right now.
I’ve set aside 6 figures in order to position in 2017 and 2018.
With Portfolio Wealth Global, my plan is to focus on 3-5 companies at the most and make sure our entry price is the cheapest possible.
This investment sector will require plenty of stamina, but the potential to turn a small $10,000 position into hundreds of thousands of dollars within 2-3 years is absolutely viable.
Be prepared and cash up.