This Company Gives You a Piece of the Next Cannabis Profit Hot Spot

When we held the First Annual NICI Retreat in Las Vegas , we knew Sin City was going to be tough to beat. But turns out the next "hot spot" for a cannabis retreat could be... Massachusetts. It might be surprising that's the state catching our eye - but consider the latest cannabis sales data... From Nov. 20, 2018, to Nov. 20, 2019, nearly $400 million worth of cannabis was sold in Massachusetts. That's very impressive, for a few reasons... First, at the end of November, there were only 36 recreational dispensaries open in the state. There's not even a single recreational dispensary currently open in Boston . Compare that to Colorado. When legal recreational sales went live there, it generated $300 million with 306 retailers licensed in 2014. Nevada's recreational sales reached $434 million in its first year of adult-use legalization, but it also had 61 licensed retailers. So, Massachusetts' $400 million in sales is very significant for cannabis profits. Sales are really going to kick into overdrive in 2020. Fortunately for us (if you've been following along), we already own one of the best cannabis companies operating in Massachusetts... Full Story Sales are really going to kick into overdrive in 2020. Fortunately for us (if you've been following along), we already own one of the best cannabis companies operating in Massachusetts... Full Story Tags: Marijuana Industry To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2019 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post This Company Gives You a Piece of the Next Cannabis Profit Hot Spot appeared first on Money Morning - We Make Investing Profitable .