This Is the Hottest New Trend in the $10 Billion Cannabis Industry
Finding trends before they become mainstream is one of the best strategies to banking the biggest long-term gains.
Just ask shareholders of Apple Inc. (Nasdaq: AAPL).
If you bought $990 worth of Apple stock at the IPO on Dec. 12, 1980, your shares would be worth (not including dividends) $521,740 as of Aug. 2, according to Investopedia.com.
And the $10 billion legal cannabis industry is creating the latest trend with mainstream potential. That’s why I talked with marijuana insiders about where the biggest trends in the space will be.
And all the experts I spoke with said marijuana lounges are the wave of the future.
In fact, many of the marijuana insiders I spoke with believe smoking marijuana in a lounge could become just as common as grabbing a beer after work.
For investors, there are two potential profit opportunities on the horizon…
The first is that cities that allow cannabis lounges will become tourist destinations. Cannabis growers and dispensaries in those states could see an uptick in sales. If those companies are publicly traded, more sales will create more demand for a stock.
That sends the stock price higher.
The second is that we could see more real estate investment trusts (REITs) get involved with leasing space for marijuana lounges. The idea of real estate companies leasing space for cannabis firms is so new that there’s only one well-known example: Innovative Industrial Properties Inc. (NYSE: IIPR).
As the $10 billion cannabis industry grows, we expect to see more REITs jump on this new “gold rush.”
That’s why today (Aug. 27), we had to make sure Money Morning readers saw this special report before the rest of Wall Street catches on to this new development…
Marijuana Lounges Are the Wave of the Future
All of the experts I spoke with believe marijuana lounges are going to be more than just a trend.
And one even pinpointed a city that could be the epicenter of cannabis lounges…
Shanel Lindsay is the Founder and President of Ardent, a Boston-based biotech and medical cannabis device company that produces the NOVA™, a laboratory-grade precision decarboxylator for medical cannabis patients.
The next experts I spoke with also believe cannabis use is a very social experience…
Frank Lane is the President of CFN Media Group, the leading creative agency and media network dedicated to legal cannabis.
Derek Riedle is a publisher of Civilized, a premium digital media and lifestyle brand that offers an honest reflection of today’s cannabis culture.
Our next expert points out that cannabis lounges could actually help with safety…
Jesse Henry is the Executive Director of Barbary Coast, a medical cannabis dispensary committed to providing medical cannabis and its derivatives to patients across the bay area with formulas and prices that meet all levels of economic and medical needs.
Our next expert says his marijuana dispensary network is watching the development of marijuana lounges like a hawk to position itself for new opportunities. Like coffee shops, we could see marijuana dispensaries sell a product and provide customers a spot to enjoy it in the same location.
Mikel Alvarez is the Vice President of Retail Operations for Terra Tech Corp. (OTCMKTS: TRTC), the largest publicly traded cannabis company in the United States, with medical dispensaries in California and Nevada.
With more marijuana lounges popping up, I wanted to find out what city could become the epicenter of this new movement…
Erik Blakkestad is a part of Client Relations for Electrum Partners LLC, an advisory services firm specializing in medical and recreational cannabis and ancillary businesses.
By now, you already know marijuana could be the defining social and financial event of this generation.
And this FREE video reveals 16 reasons why cannabis stocks could break all profit records in 2018.
With profits of up to 1,000% – similar stocks in previous elections years soared to rare gains high enough to turn every $5,000 you invested into $303,700.