Image via IMFPhoto/Flickr CC
Tom Beck, founder of Portfolio Wealth Global, delves into the investment potential of cannabis in the U.S.
This has got to be the ultimate contrarian scenario.
George Soros has spent at least USD$80M in the quest of legalizing cannabis.
There’s a gigantic opportunity to create serious wealth with marijuana investments.
Through his Foundation to Promote an Open Society, he has funneled donations to the Drug Policy Alliance. He also donates annually to the American Civil Liberties Union, an organization that funds marijuana legalization efforts, and he gives to the Marijuana Policy Project, which supports state ballot measures.
Moreover, Soros was instrumental in Uruguay becoming the first country to legalize cultivation, sale, and consumption of marijuana. He sits on the board of the Drug Policy Alliance, the world’s most powerful organization regarding the legalization of marijuana.
I personally don’t like George Soros. He has plenty of shady parts to his character, and I bet that over the decades, some of the allegations against him might turn out to be true, but in the case of legalizing weed, it’s a no-brainer for me.
If you are an unbiased investor with the capability of researching facts, you’ll come to the same realization as me and agree with my 6-figure allocation towards this sector.
I want you to see why Portfolio Wealth Global isn’t playing around with this.
This industry will grow 300% in less than a decade, and the reason should be clear to you: diversity and existing demand.
1. Diversity: This simply means that there are more and more products and services every year because of state legalization.
Consumers of both recreational and medicinal cannabis are seeing the quality and amount of offerings become much more varied, and this is boosting sales.
2. Existing Demand: This has to be the most obvious reason why billionaires like Soros are pushing and lobbying for weed to become legalized. It’s the same reason Peter Thiel, founder of PayPal, has gotten involved, and why Warren Buffett owns warehousing companies. The market for weed is already enormous—it’s simply illegal in most places. But imagine all that dollar volume now transferring to the hands of responsible management teams and you’ll have an idea of the seriousness of this moment.
The next important milestone for this industry—and the one that will probably push the federal legalization into sixth gear—is the California market.
It’s huge, and I mean it’s bigger than the Canadian market, combined with Washington State, Colorado and Nevada.
It’s the queen of weed consumption, and it’s becoming fully legalized on January 1, 2018.
Now, if you’re like me, you were prejudiced towards the industry, but I’ve literally spent five months visiting with CEOs, learning the science behind CBD and THC, and truly getting a grip on where this is headed.
At this point, I can tell you that Portfolio Wealth Global will be publishing specific ideas that will be game-changers for our portfolios.
Mark my words on this one: cannabis legalization is the next millionaire-creating sector.
Tom Beck is the founder of Portfolio Wealth Global. Known as one of the first millennial millionaires in the United States, Beck is a relentless idea machine. After retiring two years ago at age 33, he’s officially come out of retirement to head up Portfolio Wealth Global. He brings a vision of setting a new record for millionaires with his seven-year plan to accelerate any subscribers’ net worth who will commit to the income lifestyle. Beck delivers new ideas on the marketplace that were once only available to the rich. Traveling the world, he’s invested in over a dozen countries, including real estate.
Source: Tom Beck for Streetwise Reports
Want to read more Gold Report articles like this? Sign up for our free e-newsletter, and you’ll learn when new articles have been published. To see a list of recent articles and interviews with industry analysts and commentators, visit our Streetwise Interviews page.
1) Statements and opinions expressed are the opinions of Tom Beck and not of Streetwise Reports or its officers. Tom Beck is wholly responsible for the validity of the statements. Streetwise Reports was not involved in the content preparation. Tom Beck was not paid by Streetwise Reports LLC for this article. Streetwise Reports was not paid by the author to publish or syndicate this article.
3) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article.
Charts provided by Portfolio Wealth Global