In today’s special edition of State of the Market, Chief Income Strategist Marc Lichtenfeld weeds through the seemingly endless ways to profit from the legalization of cannabis…
And he reveals the ultimate pick-and-shovel play for this revolution.
Currently, only six states remain that have fully outlawed cannabis use. Meanwhile, popular support for legalization is overwhelming…
In fact, a 2020 Gallup Poll found that more Americans are in favor of decriminalizing cannabis than ever before.
Meanwhile, measures like the Secure and Fair Enforcement (SAFE) Banking Act give proponents of pot – as well as opportunist investors who recognize its incredible profit potential – hope for legalization at the federal level.
If we see legalization in 2021, the industry that already produces more than 340,000 jobs is destined only to grow.
But with dozens upon dozens of publicly traded cannabis companies to choose from, how can investors cash in on the trend without getting burned?
One way is by creating distance from the trend by going for a pick-and-shovel income play, such as the nearly 3% yielder Marc reveals in this week’s episode.