| Member ID: indra21poetra@gmail.com Member Since: May 2018 Rewards Points: 405 View Your Benefits AUGUST 4, 2018 | | Two Pot Stocks Every Investor Should Own No Matter What By Michael A. Robinson, Defense and Tech Specialist, Money Morning Ever since September 2014, when I released the first Roadmap to Marijuana Millions report on 30-plus pot stocks for my Nova-X Report subscribers, I've been researching the incredible profit potential in this sector - one that's tacking on lots of extra zeros in state budgets and investors' accounts all over the country.
When it comes to pot stocks, the trend is most definitely your friend. Total legalization is in force in nine states and the District of Columbia, while medical marijuana is available in 30 - and the District, as well. The entire nation of Canada just legalized recreational and medical pot. The forces of prohibition are falling like dominoes - as are the obstacles to cannabis-based businesses.
Still, some investors are hesitant to take the plunge into a sector that, for the moment, is still illegal at the federal level. I understand. Prudence goes hand in hand with profitable investing.
So, right now, I'm going to name three stocks that are like "pick and shovel" plays in the cannabis sector. In other words, legal weed firms rely on the valuable services these companies provide, but the companies themselves don't really handle "the stuff."
We have smart tech exposure to cannabis through Microsoft Corp. The software giant has invested in KIND Financial, a software developer that helps state and local governments track the cannabis business - and helps cannabis companies navigate those governments' compliance regimes.
Moreover, Microsoft's Azure cloud platform is helping cannabis upstarts track all aspects of their operations in order to up their regulatory compliance game. These kinds of moves have helped Microsoft hand us a nearly 82.8% gain since I recommended it to you as a play on legal cannabis.
Meanwhile, a few years back, Scotts Miracle-Gro Co. CEO Jim Hagedorn moved his company (already the world's largest maker of lawn-care and gardening products) into the legal cannabis market. He did so by making a big push into indoor plant cultivation through a $150 million purchase of General Hydroponics and other pot-related acquisitions.
Right now, shares are down because of a near-term earnings slowdown, so you can pick yours up at a discount. But make no mistake: More paydays from this stock are on the way, courtesy of legal weed.
Any investor, no matter their personal or political views, can own these companies as a way to gain some exposure to an incredibly profitable, growing investment sector.
What's more, you can click right here to learn how to get the name of every single pot stock in my Roadmap to Marijuana Millions research report - it goes free to all my paid-up Nova-X Report readers.
| Strategic Investing Find Out If These FAANG Stocks Still Have a Bite Our Quantitative Specialist takes a close look at the FAANG stocks to determine whether they've been "defanged" or not, particularly Amazon and Facebook. By reviewing the companies' earnings in detail, he'll show you which is the Best in Breed... Full Story | | Member Benefits Profit 200% from Legal Cannabis This Year For over six years, Defense and Tech Specialist Michael A. Robinson has been showing Money Morning readers how to double and even triple the markets' returns with pot stocks. In just the past few months, one of Michael's free cannabis plays has shot up 36%. Click here to get all of his cannabis-based recommendations and ground-floor tech opportunities sent right to your inbox the moment they're published.
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