Marijuana will be the single best investment idea of the next decade-Call it a drug trade for investors.
"The Green Fund" Hedge Fund- The Best Marijuana
Stocks WNTR http://www.thegreenfund.us/
cannabis "will be the single best investment idea for the next ten years."
But while the public has watched recreational marijuana take off in Colorado this year, how can they profit from it as an investment theme?
Harrison believes it will be driven by the broader legalization of marijuana, inspired by states' need for tax revenue. He points to expectations that legal marijuana use is expected to generate $134 million in tax revenue for the upcoming fiscal year in Colorado, the first state to allow recreational marijuana. That's nothing to sneeze at, and Harrison calls the state the "litmus test" for broader legalization. Harrison also cites the expected decline in crime rates and prison populations as powerful incentives to decriminalize marijuana.
The New York Times reports that half the states in the U.S., including some in the conservative South, are currently considering decriminalization of the drug or legalizing it for medical or recreational use. Oregon and Alaska are the likeliest to legalize pot next year. Twenty states now permit the use of medical marijuana now, while Colorado and Washington have legalized it for recreational use.
The legal marijuana market is estimated to grow 64% to $2.34 billion in 2014 from $1.44 billion, according to a recent report by the cannabis investment and research firm Arcview Group.
Wall Street currently doesn't cover the marijuana market as an industry but once legalization is more widespread, that will be the inflection point when we marijuana investing moves mainstream
Really great presentation i like this,,,,
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