Nick's Note: Widespread marijuana legalization is inevitable. It’s happening. And it’s unleashing a $150 billion market that was once underground. Those profits are up for grabs. And my colleague Justin Spittler, editor of the Casey Daily Dispatch, has the details on how many investors will make life-changing profits…
Big money is pouring into marijuana.
During the first four months of 2017, cannabis-related companies raised more than $700 million. That’s almost seven times more than they raised during the same period last year.
This isn’t “dumb money,” either. Some of the world’s savviest investors have placed huge bets on marijuana.
Peter Thiel, for example, recently invested millions of dollars in Privateer Holdings, a private equity firm focused on legal cannabis.
Thiel was an early investor in Facebook, and is a legend in Silicon Valley.
Then there’s venture capital firm Benchmark Capital, which was an early investor in Twitter, Uber, Snapchat, and Instagram.
It recently put $8 million in Hound Labs, an Oakland-based startup that’s developing a device to test whether drivers are under the influence of marijuana.
These are big investments from big-time investors.
It tells us the marijuana boom is for real…
And that’s exactly why you should consider speculating on marijuana stocks if you haven’t already.
But you should realize something before diving in…
The best marijuana investments aren’t traditional marijuana companies. They’re companies that serve the industry.
But don’t just take my word for it. Look at what Phyto Partners is doing…
Phyto Partners is a venture capital fund that invests in early-stage cannabis companies. Today, it has 12 companies in its portfolio. And none of them grow, process, or sell marijuana.
Instead, they serve the marijuana industry.
One of those companies, New Frontier Data, is a major marijuana data firm. Another, Steep Hill Labs, is a leader in marijuana lab testing.
Then there’s Grownetics…
This company is radically changing how people grow marijuana…
I know because I recently visited the Grownetics team in downtown Boulder, Colorado.
In a minute, I’ll tell you how Grownetics is revolutionizing the marijuana industry. I’ll also tell you about the incredible insight I learned while in Boulder.
But let me first tell you what I was doing there. After all, Boulder’s a long way from Casey Research’s headquarters in Florida.
In June, I did something I’ve wanted to do for years…
I turned in my apartment key. I sold most of my belongings. And I hit the road.
That’s right. I left sunny South Florida to become a digital nomad.
I did this because I’ve come to realize something working with Doug Casey…
The best money-making opportunities are rarely in plain sight. More often than not, they’re hidden.
This means you need to go “into the field” to find them.
That’s particularly true for the legal marijuana market, which is being born before our eyes.
So I went to the frontlines of this emerging industry…
My first stop was Vancouver. I spent all of July there.
After that, I went to San Francisco for three weeks. Then, I spent nearly all of September in Colorado.
There, I visited an indoor marijuana growing facility. I toured a state-of-the-art cannabis research lab. And yes, I drove to Boulder to meet the Grownetics team.
I did this because an industry insider told me that Grownetics is doing incredible work. And he wasn’t joking…
You see, Grownetics isn’t your typical marijuana company…
It doesn’t grow marijuana. It doesn’t own dispensaries. And it doesn’t make marijuana edibles.
Instead, it’s a technology company that’s solving one of the marijuana industry’s biggest problems.
You see, most marijuana companies have a “head of cultivation” on staff.
This person feeds, waters, and monitors the health of marijuana plants at an indoor facility.
Over time, they figure out what the plants like and what they don’t like. And many head cultivators simply write this information down in a journal.
This approach isn’t just old-fashioned. It’s risky.
Think about it.
If the head of cultivation walks, they’re going to take that information with them. And that basically screws over the owner of the facility.
Grownetics wants to fix this problem with technology…
And here’s how…
Grownetics builds operating systems for indoor farmers and greenhouse cultivators. This system includes management software linked to a network of high-resolution sensors inside marijuana growing facilities. These sensors monitor room temperature, lighting, humidity, CO2 levels, and a host of other inputs.
Grownetics’ software then organizes this data in a way that’s easy to understand.
This saves companies time and money. And it helps them boost the yield and potency of their crop.
In short, Grownetics helps companies grow better pot, and a lot more of it.
That’s why the company has customers all over the country, and a rapidly growing pipeline…
But I know what you’re probably thinking…
“Marijuana’s a weed. How hard can it possibly be to grow?”
Well, actually, it can be very difficult. That’s because marijuana’s a very complex plant.
In fact, Grownetics COO Vince Harkiewicz told me there’s “never been a pharmaceutical crop like marijuana”:
The closest thing might be poppies, which are used to make opiates for pharmaceutical industries, but that's just one chemical you're producing.
With cannabis, there's hundreds of cannabinoids and terpenes in the plant. And they all affect the way the medicine is received by the patient.
Marijuana isn’t just a plant that gets people high…
It’s also medicine.
That’s why the world’s top botanists are coming to the marijuana industry in droves.
It’s why the world’s best investors are pouring billions into marijuana companies.
It’s also why companies are paying top dollar for Grownetics’ services.
Now, I unfortunately can’t recommend Grownetics to you…
The company’s private, and a startup at that.
So, why did I tell this story?
Most people have ridiculous misconceptions about the marijuana industry. They think the industry’s run by stoners, hippies, and burnouts. But that couldn’t be further from the truth.
The industry’s attracting world-class entrepreneurs, engineers, and scientists. It’s employing real science. And it’s developing its own cutting-edge technology.
In short, the legal marijuana industry is becoming more and more like Big Pharma every day.
Soon, everyday investors will figure this out…
When that happens, money will pour into marijuana stocks like we’ve never seen.
That’s something you want to be ready for. So, consider buying marijuana stocks if you haven’t already.
Just understand that these stocks are still very speculative. So, do your homework before diving in.
Editor, Casey Daily Dispatch
Editor's Note: Fortunes have been made with legal marijuana, but most folks still don’t know how to find the best pot stocks. If you want to get in on the ground floor of the most promising marijuana companies today… watch this presentation.