Markets
R

Two Compelling Ways To Invest In Sin

Marijuana needs to be legalized...

At least that's what the editorial board at the New York Times thinks. On July 27, the newspaper published an op-ed titled " Repeal Prohibition, Again ." In the piece, the board provided a laundry list of reasons the United States government should make pot legal at the Federal level.

Said The Gray Lady:

"The market for electronic cigarettes is growing. According to Bloomberg, sales from the e-cig industry were .7 billion in 2013, up from million in 2008."

"But that growth isn't about to slow down. In fact, Wells Fargo analyst Bonnie Herzog told CNBC that she sees sales reaching billion in 2017. She even goes so far as to say they will overtake conventional cigarettes within a decade.

I think she's right. I think e-cigarettes are a true game-changer, and I believe the opportunity is probably even larger than Herzog thinks."

Action To Take --> While Andy thinks there's a lot of opportunity betting on Big Tobacco's involvement with e-cigs, he thinks the real money will be made in small-caps like Vapor Corp.

That logic also extends to the future of marijuana in the U.S. In fact,Andy predicts marijuana will be on the path to legalization in all 50 states by the end of 2015. From the looks of things, he might just be onto something. ArcView Market Research estimated that legal cannabis hit $1.43 billion in sales in 2013 and will grow 64% to $2.34 billion in 2014. -- that's a rate of growth faster than even smartphones achieved.

The popularity of marijuana has never been higher... and Andy's prediction could very well prove to be correct.Now he's found a little-known pharmaceutical company that could see a major boom as marijuana's popularity continues to rise in the U.S. The company produces the first cannabis plant derivative to gain government approval in any country. And once its groundbreaking drug passes Phase III trials and hits the shelves, Andy is predicting massive gains. To learn more about this company -- along with 10 more of Andy's predictions for 2015 -- click here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

© Copyright 2001-2016 StreetAuthority, LLC. All Rights Reserved.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

R

Other Topics

Investing Stocks

Street Authority

Founded in 2001 by industry veterans, StreetAuthority is a financial research and publishing division of Investing Daily. Our mission is to help individual investors earn above-average profits by providing a source of independent, unbiased — and most of all, profitable — investing ideas. Unlike traditional publishers, StreetAuthority doesn’t simply regurgitate the latest stock market news. Instead, we provide in-depth research, plus specific investment ideas and immediate action to take based on the latest market events.

Learn More