Legalized marijuana bigger than Viagra and growing larger!

The legal marijuana market is growing fast...how fast? Look at the market cap of it compared to other categories below. This is only with a few states with legalized marijuana laws so imagine how large it will grow once every state legalized this healing herb.

Marijuana is Bigger Than WHAT? by Jimmy Mengel – Outsider Club

Legal marijuana sales have officially hit the big time…

In the U.S. smokers, jokers, and midnight tokers will spend a whopping $5 to $6 billion on legal cannabis this year. Obviously, whenever you are talking about billions of dollars, that’s big business…

But when you compare marijuana sales to some other big consumer products, you start to get an idea of just how large this market will be.

Last year, Americans spent more on legal marijuana than they did on Viagra and Cialis — combined. Twice as much, in fact.

The same goes for music streaming services like Apple Music and Spotify.

Sex, drugs, and rock and roll are still alive and well, it seems…

Pot Overtakes Viagra and Girl Scout Cookies

Here are a few other major consumer staples that will be dwarfed by this massive new industry. Heck, most of them go hand-in-hand with the marijuana market…

Ice Cream — $5.1 billion
Frozen pizza — $4.4 billion
Tequila — $2.3 billion
Girl Scout Cookies — $776 million
By 2021, marijuana sales could reach a staggering $17 billion. That would overtake movie tickets ($11.1 billion) and the NFL ($13.3 billion)

And these are conservative estimates!

Keep in mind that the “black market” for marijuana is estimated to be between $45 to $50 billion. As more states open themselves up to legal marijuana sales, the shady parking lot deals will give way to legitimate deals.

Marijuana is only legal in eight states for recreational use and 29 states for medical use. That number will grow. Arizona, Connecticut, Hawaii, Kentucky, Maryland, Mississippi, Missouri, New Hampshire, New Jersey, New Mexico, New York, Pennsylvania, Texas, and Wyoming all have active measures to legalize marijuana this year.

It has also been approved for full-scale recreational use in Canada starting next year. Estimates put sales at $10 billion a year soon — more than Canadian beer sales.

These figures come from “Marijuana Business Factbook 2017″, an annual report and survey from Marijuana Business Daily.

Here are some other takeaways from the report…

Legal marijuana had an economic impact of $16 billion to $18 billion in 2016, a number that could rise to $68 billion by 2021
The number of people working in the cannabis industry — somewhere around 200,000 — is more than those employed as massage therapists, bakers, and dental hygienists.
The average marijuana business has a profit margin of about 19%
The average number of customers per day at a recreational marijuana shop is 119
These numbers are going to keep growing as the entire world opens their shops to legal cannabis.

For investors, there is no better time to start investing than today. In fact, almost all of my favorite cannabis stocks are on fire-sale right now.

Here’s why…

Most pot stocks peaked in December of last year. After the legalization of Canadian marijuana was announced, almost all of the big players in Canadian marijuana decided to take a large chunk of money off the table right before legalization hit:

The CEO of Canada’s largest pot company sold $3.7 million worth of his holdings
Five other directors, officers, and board members with the same company sold 3.2 million shares worth at least $7.5 million
Eight executives and the chief cultivator for Aurora Cannabis sold a total of 4.9 million shares worth $11.8 million
These sell-offs happened across the board and sent a short-term chilling effect over the industry.

I’m not surprised that insiders holding so many shares would take an opportunity to lock in some gains. A bird in the hand is worth two in the bush. Why would you pass up 1,000% gains or more?

But what most investors don’t realize is that this sell-off is a gift to new investors. You are now looking at the single best time to buy marijuana stocks since I started investing in them in 2014…

This is just a temporary sell-off. The market is going to come roaring back as soon as Canadian legalization goes into effect next year, and even more so once U.S. states begin falling into place as well. Even the big players that sold off are already buying back in at lower prices…

But that is the key to investing: buy when there is blood in the streets.

All of my favorite marijuana stocks are now trading at the lowest possible entry point. I have a top 5 “no-brainer” list in my Marijuana Manifesto letter of stocks that you should be backing up the truck on. These will be the Amazons, Wal-Marts, and Pfizers of the future.

However, there is one company that is the single biggest bargain of them all — and it’s my major recommendation right now.

While the marijuana market is becoming crowded with marijuana growers, edible producers, and niche products, there is only one company I know with a revolutionary model that could make it the biggest pot company in the world.

You could call it the “Bank of Bud” run by the “Godfather of Ganja”.

Instead of focusing on just one business, it actually takes a piece of many different companies in various areas of the space. So unlike most volatile marijuana companies, this company is completely de-risked.

This company has a very unique model that could turn it into the best marijuana investment we’ve seen to date.

So if you think you missed the party when it comes to marijuana stocks, think again. This party is just getting started…

Here’s how to do it.

Godspeed,
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Jimmy Mengel

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