Penn-state educated geologist, and Banyan Hill Investment expert, Matt Badiali publishes hundreds of recommendations, and some of his latest picks include marijuana stocks, which he agrees is the next Starbucks.
In a July tweet, Matt predicts the Marijuana industry will explode, thanks to Canada’s legitimizing in October. Cannabis is already an estimated $6 billion dollar industry, and analyst like Matt Badiali are predicting those numbers to swell, here in the US to $9 billion by 2020. Canada is still a matter of debate.
Analyst estimate profits to be somewhere between $3.5 and $4 billion, which includes pharmaceutical use. Competition in Canada is limited, and up until now, so are crops, but after October, its expected to significantly grow.
If you take a look at research, comprised in an article by Matt Badiali, Marijuana is a long term profit producer. Badiali reminds us how people were skeptical about over-priced coffee at Starbucks, yet 25 years later stocks are through the roof. As more US states realize the revenue potential, they too will legalize cannabis.
Colorado, Alaska, Oregon, Washington and Washington D.C. collect between 25 and 40 cents for every dollar spent to buy marijuana. Colorado is a haven for marijuana smokers: sales and consumption have been legal since January 2014. In 2014, Colorado brought in nearly $56 million dollars, and in 2016 that number jumped to more than $200 million. Post legalization, analysts estimate the United States will earn over 20 billion a year by 2025.
State representatives are already looking to legalize cannabis in Vermont, Ohio, Arizona, Arkansas, Michigan, Missouri, Montana and North Dakota. Taxes in these states could generate revenue of up to $8 billion dollars. Like any other investment, the marijuana industry is risky, but Matt Badiali says when you consider how the sector is significantly growing, investing is well worth the risk.
Badiali is an analyst and editor at Banyan Hill, and you can keep up to date with his latest recommendations at Banyan Hill Publishing.
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