I’ve made it pretty clear to anyone who will listen that cannabis stocks are headed for a serious, long-term bullish catalyst: legalization.
I’m talking full legalization across the entire United States.
Right now, cannabis companies are operating under a legal headache. They’re allowed to sell medical marijuana in a lot of states and recreational marijuana in some states. Revenues are growing like crazy… but the U.S. government has NOT given its blessing.
That creates problems for cannabis companies, and perhaps the biggest has to do with banking. Until we get federal legalization, most banks are not willing to deal with the risk and the “red tape” it takes to lend to marijuana moguls.
Just imagine trying to do business with little or no access to banking services or funding.
Now imagine what happens when that obstacle is removed.
A Marijuana Game-Changer
Both Republicans and Democrats are starting to favor removing the banking roadblock.
On Monday, Politico reported that Rep. Steny Hoyer (D-MD), the House Majority Leader, is ready to bring the Secure and Fair Enforcement (SAFE) Banking Act to the floor. Some interest groups are pushing for a broader legalization bill, but Congressional leadership apparently sees this as the prudent first step.
It remains to be seen whether the Senate will push it through, but Republican Sen. Mike Crapo is also pushing cannabis banking legislation in that chamber.
The SAFE Banking Act is going to pass at some point. The formal name of the proposed legislation may sound obscure, but it’s a big deal. It will open the door to the next wave of marijuana profits.
That’s particularly true with my new Cannabis Cash Weekly income strategy.
If passed, the bill will allow banks to work with marijuana companies without fear of breaking any laws.
Only a small number of regional banks and credit unions currently offer services to the industry. The ones that do charge through the nose for it – try $5,000 a month in maintenance fees! – due to the risk banks take by technically breaking federal laws. Access to traditional banking and loan services would be a game-changer.
It would also pave the way for a lot more cannabis stocks to trade on the major stock exchanges. Most marijuana companies cannot yet trade on the New York Stock Exchange (NYSE) or Nasdaq, the two biggest exchanges in the country. They will not approve for trading any company that touches the plant or engages in any activity that is deemed illegal at the federal level. As a result, most marijuana companies trade on what’s called the “OTC” market.
OTC stands for “over the counter.” The OTC market has long been a place where smaller companies make their shares available to the general public. The requirements are not as stringent as the NYSE or Nasdaq and the cost is much lower – both valuable to a business that’s trying to grow.
The ability for stocks to uplist to the NYSE or Nasdaq would be yet another game-changer. When these tiny pot companies “jump” to a bigger exchange, it’s a sign that the company has arrived. Big investment houses, mutual funds, pension funds, brokerage houses – all the big boys – are free to invest billions.
The Jump to Huge Income
Jumper stocks (as I call them) are one of the big long-term investment opportunities in the legal marijuana sector. But they are also of special interest to me for another reason – a new cannabis investing strategy that I don’t believe anyone else is doing yet.
As stocks jump to the major exchanges, they become eligible for this new strategy, which I can’t wait to reveal on Tuesday, September 24 in a special one-time event detailing everything you need to know, including an ON-AIR demonstration. It’s set for 3 p.m. ET, so mark your calendars now. It’s free to attend, and you can reserve your spot by clicking here.
This new system, which I call Cannabis Cash Weekly, helps investors ride the wealth-creating tsunami of marijuana legalization… and earn huge paychecks as you do it. This approach can net you thousands of dollars… week after week… for up to 70 different times over the next 12 months.
The most incredible part is that this unique strategy is less risky and potentially much more profitable than just owning ordinary cannabis stocks.
I’ve helped my readers have the chance to capture 2,476% gains with Canopy Growth (CGC) and 1,428% with Organigram (OGI). And one of my pot stock recommendations even shot up 464% within just two days this year.
But these gains don’t compare to the cash-gushing income strategy I’m about to show you.
I look forward to talking with you Tuesday and giving you – actually showing you – exactly what to do.
P.S. I’ve identified up to 70 opportunities to collect checks over the coming months of $800… $1,300… even $2,600 or more.
You don’t want to miss out on the weekly cash that’s on the table right now.
On Tuesday, September 24 at 3 p.m. ET, I’ll show a small group of readers how to use my Cannabis Cash Weekly strategy to generate thousands of dollars… week after week! If you want to be one of the first to discover how to collect your own cash from the $150 million-per-day cannabis market, reserve your spot (for free) by clicking here.
Matt McCall’s MoneyLine Podcast
Click here to listen to Matt McCall’s MoneyLine podcast! This week, Matt focuses on Chinese biotech – what he calls one of his favorite long-term investment opportunities of our lifetime. He talks to Brad Loncar of Loncar Investments, who created the index that the China BioPharma ETF (CHNA) tracks. And Brad shares his thoughts on why he is also so bullish on the sector. Finally, Matt discusses the genetic testing industry and why he believes it is the keystone to the future of healthcare.
You can subscribe to this podcast on iTunes, Stitcher, Spotify, or wherever you listen to podcasts.
Learn where Matt McCall sees
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