From Green Wednesday to Black Friday: A Holiday Look at Weed
Dear Investors: Happy Thanksgiving! John Persinos here.
I’m the editorial director of Investing Daily. I’m also chief investment strategist of the trading advisory, Marijuana Profit Alert.
Of course, the stock and bond markets are closed on Thanksgiving. On Black Friday, the day after Thanksgiving, the stock market closes early, at 1:00 p.m. ET, and the bond markets close early at 2:00 p.m. But did you know that the day before Thanksgiving is called Green Wednesday? That’s when sales of marijuana typically soar.
Let’s talk turkey about cannabis. As I write this, millions of ordinary American families are incorporating weed into their Thanksgiving week festivities. THC-laced edibles are particularly popular. Weed sales also tend to spike around Christmas week and into New Year’s.
The increasing social acceptance of this once-taboo substance is a cultural and political revolution…and an enormous once-in-a-generation opportunity for investors.
Have you been waiting for the right moment to invest in the marijuana “green rush,” but don’t know when (or where) to start? I have good news. Your wait is over.
Cannabis prohibition is no longer sustainable. Banning marijuana in the 2020s makes as much sense as prohibiting alcohol in the 1920s.
Marijuana remains federally prohibited, and yet the United States is home to the largest number of marijuana users in the world. That’s because an increasing number of states are legalizing weed.
In May 2023, Minnesota became the 23rd state to legalize adult-use cannabis and the third Midwestern state to do so. Medical marijuana already had been legal in Minnesota.
In November 2023, voters in Ohio made it the 24th state to approve legal recreational marijuana. As with Minnesota, medical marijuana already had been allowed there.
Read This Story: Buckeye Blowout: Ohio Overwhelmingly Approves Legalization of Adult-Use Pot
In 38 states and Washington, DC, voters or legislators have approved comprehensive medical programs. The following chart tells the amazing story of marijuana legal reform:
According to a recent report by the research firm New Frontier Data, an estimated 54 million U.S. adults will consume cannabis in some form at least once in 2023 throughout both legal and unregulated markets. That level of consumer activity is expected to grow by about 4% annually over the next eight years, reaching an estimated 69 million U.S. consumers by 2030.
In fact, more people in the U.S. are now smoking marijuana than tobacco cigarettes, according to a recent Gallup poll.
Research firm BDSA recently reported that annual global cannabis sales are on track to grow from $14.5 billion in 2019 to $59.6 billion in 2027.
Throughout 2024 and beyond, marijuana will provide proactive investors with huge gains. But before you put your money into pot stocks, you need to be informed.
If you want to tap the massive profits up for grabs, I urge you to read my book: The Wide World of Weed and Psychedelics. The product of years of painstaking research, my book is available for online ordering. We’ll deliver a hard copy right to your door!
You can reap exponential profits in the psychotropics revolution, but you need to pick the right investments. My book is your definitive guide.
The culture war over marijuana is about to be settled, once and for all…in marijuana’s favor. Legalization on the federal level is inevitable. It’s just a matter of when…and 2024 is shaping up to be the breakout year for weed.
Don’t leave money on the table. You need to invest in the mainstreaming of marijuana, LSD, “magic mushrooms,” and a slew of substances that are disrupting medicine and daily life.
My clear, concise, and easy-to-read book reveals everything you need to know. The wait is over. The time to make your move on these stocks is NOW. Click here to get your copy.
John Persinos is the editorial director of Investing Daily.