April 25th, 2024
It's considered the largest cash crop in the United States.
Enjoying a growth rate of 77% from 2013 to 2014 and an estimated 700% growth rate by 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 in 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, Novus Acquisition & Development Corp. (OTC: NDEV), a company that provides health insurance and medical plans to patients who pursue alternative treatment with medical marijuana.
This was one of the biggest winners in the marijuana space back in 2014. Check it out…
A $10,000 investment in NDEV turned into $240,000 in less than a year.
Double that up and you're looking at $480,000 — nearly a half-million dollars in less than a year!
Or consider Insys Therapeutics (NASDAQ: INSY), a specialty pharmaceutical company that's using a special spray technology to develop pharmaceutical cannabinoids.
In February of 2013, the stock was trading at around $2.50. By July 2015, it hit $44.92.
That's a gain of almost 1,700%!
Imagine putting $50,000 in INSY in early 2013 and cashing out a little more than two years later. That would've put an extra $800,000 in 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, "3 Legal Marijuana Stocks to Own Now," we highlight three 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 these 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.