There’s a “gold” rush happening as we speak, but it’s GREEN. And this rush is creating an opportunity for you.
Just considering the fact that 9 states, including Washington, DC, have completely legalized this new industry and another 29 have legalized it for medicinal purposes. It’s an opportunity that can’t be ignored.
It’s a booming industry with as much as $10 billion in sales in 2017 alone. And this number is set to explode.
So, what are we talking about?
We’re talking about the marijuana industry.
And with a recent Gallup poll where 64% of Americans favor the legalization of marijuana, the upside is huge.
While this investment idea used to be taboo, even baby boomers have recently jump on board with this investment opportunity.
I know there’s many roadblocks when considering this industry.
First of all, it’s still illegal on a federal level.
But as I mentioned above, many states have taken a proactive approach. Like I said, 9 states, including Washington, DC, have completely legalized this industry and another 29 have legalized it for medicinal purposes.
And this is creating tremendous profit for the investor who sees through all the red tape.
I mean the numbers don’t LIE.
Colorado has seen its tax revenue jump from $76 million to over $200 million in just a couple years.
Basically, every state that has legalized marijuana is generating taxes in the hundreds of millions of dollars… that along with growing public support, prove this is an industry here to stay.
But like any new industry, early investing can be tricky as many of these companies don’t have a history of success.
This can be seen in the volatility of many pot stocks.
For example, CV Sciences (CVSI) jumped from $2 to $147 before sinking to $.24 a share.
Then you also have 22nd Century Group (XXII). This stock climbed from an incredible $.22 to $5 for a remarkable 2500% gain before nose diving to $.61.
So how do you navigate these rough waters in the early stages of a new industry?
Jump on board with an established company that’s not going anywhere.
That’s exactly what I’m liking to do.
You see, there’s an established company that’s positioned itself perfectly to benefit from the ‘green’ gold rush.
I’ve been following for some time and it’s poised for a breakout.
I’m talking about Scotts Miracle Gro (SMG).
This company has strategically acquired a handful of companies directly involved in this ‘green’ rush. And as a result, has seen its profit climb. It’s easily the fastest-growing division of Scotts Miracle Gro.
To prove the point just look at the chart below:
All its technicals forecast a price jump… you can see how it was stuck underneath that blue trend line I’ve drawn for quite some time.
It’s recently hopped back above it which is a very positive sign.
