In this week’s Marijuana Markets update, I discuss the hemp industry and its expansion, why Colorado dispensaries are set for fast growth, the 21% month-over-month growth of marijuana sales in Massachusetts, and why pot sales are on their way to outpacing Taco Bell. Annual U.S. cannabis sales for 2018 reached $9 billion – that’s nearly 3 times the size of the e-cigarette market, but still just a fraction of U.S. market potential for pot. And this past Monday, Governor Greg Abbott signed the Texas House Bill into law. The bill allows the state to grow and process hemp and CBD.
Leave a comment below letting me know which two marijuana companies YOU want to hear me cover in next week’s update. Until then, good investing!
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I joined Banyan Hill in 2017 as a research analyst. A market “outsider,” I use my science background to create an objective view of investments. This approach allows me to overcome the emotional biases that plague the average investor. My background in biogeography taught me to analyze giant data sets for specific patterns. That translates perfectly to financial research, and I now apply those tools to find opportunities to profit in natural resources.
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