| By Teeka Tiwari, editor, Palm Beach Daily The nation was in ruins… In October 1929, the Dow Jones fell 24% over two days. The panic marked the start of the Great Depression. Unemployment climbed to 25%… Economic growth fell by more than half… And millions of Americans fell into poverty. Here’s the thing… | Recommended Link | | President Trump is optimistic Even though America may be facing its greatest challenge with the coronavirus, President Trump is predicting the U.S. economy will “pop” again soon if Americans take steps to stifle the disease. He promised to “Make America Great Again” and he will. President Trump helped usher in the 5G era. And 5G-specific stocks were killing it. It’s going to happen again. As soon as it does, the tech market will soar – potentially tripling from here. Tech legend Jeff Brown, who called the NVIDIA and AMD rise before the last tech boom, believes something shocking will happen in 2020. And by 2024, they’ll be writing about America in the history books. If you think what Trump’s done for the stock market in his first three years is amazing, you ain’t seen nothing yet. Stock market profits will skyrocket. Specifically in the industry where Jeff has made his fortune: Technology. Jeff has been a Silicon Valley angel investor for over 26 years. Don’t look back years from now and regret not taking action. | | | -- | The Great Depression also starved the government of tax revenue. At the time, the U.S. was still on the gold standard. And the Fed couldn’t just crank up the money printer like it can today. It needed to get creative. So it turned to one of the few industries flourishing at the time: Bootlegging. According to some estimates, mob boss Al Capone made $60–100 million per year selling illegal booze. In today’s dollars, that’s more than $1 billion. When Franklin Roosevelt ran for president in 1932, he vowed to repeal Prohibition, saying it would boost “federal revenue by several hundred million dollars a year.” A year later, the U.S. repealed Prohibition. And the illicit proceeds once flowing to the mob were redirected to Uncle Sam. The end of Prohibition was a boon for the U.S. Treasury. It used that tax money to help rebuild the country. Today, U.S. alcohol sales are around $254 billion. The industry employs more than 4.4 million people and generates about $69 billion annually in taxes. It’s also turned small companies into powerhouses. In 1933, when Prohibition ended, Anheuser-Busch generated just $330,000 in sales. By 1938, sales were up to nearly $5.5 million – a 1,551% increase. Today, the industry giant brings in over $50 billion per year. I’m telling you this story because we’re seeing a similar setup today. Just like during the Great Depression, sales in this illicit sector are booming. And politicians are taking notice, too… | Recommended Link | Man Who Picked Apple, Bitcoin Makes Next “Pick of the Decade” Picking the right "investment of the decade" can transform your life… Microsoft in the '80s… Amazon in the '90s… Apple in the 2000s… Bitcoin in 2016. Any one of these could have made you a millionaire many times over. Starting with very little. Today, the Wall Street legend who picked the last two "investments of the decade"… months (even years) before his peers… will finally reveal his new #1 pick for the 2020s. It's not 5G, artificial intelligence, or the internet of things. The answer will surprise you. And, for those who take early action, it could lead to an eventual $1.6 million payout. | | | | History Repeating Itself On March 11, the World Health Organization declared the COVID-19 outbreak a pandemic. Since then, we’ve seen unemployment reach 14.7% – the highest in modern history… GDP shrank 4.8% in the first quarter of 2020… And millions of Americans now face poverty. We estimate the government has spent $6 trillion in order to rescue the economy. But while the Fed cranks up its printing press and Congress passes stimulus bill after stimulus bill… state and local governments are facing bankruptcy. Unlike the feds, they can’t print their own money. So they’ll have to look elsewhere for tax revenue. And they’re targeting another emerging industry: cannabis. In the U.S., 11 states allow recreational cannabis use and 33 allow medical use. Here’s why I believe politicians will turn to cannabis… In 2019, the legal cannabis sector generated $17 billion… created more than 200,000 jobs… and pumped $1.9 billion in taxes into local governments. But this is just the tip of the iceberg… A report from Prohibition Partners projects the global cannabis market will swell to $103.9 billion by 2024. That’s an annual growth rate of more than 50% – roughly double previous estimates. That’s a potential $10 billion-plus honeypot of tax revenue. Plus, the coronavirus pandemic is creating a tailwind for cannabis. While many other businesses close their doors indefinitely, some states are deeming cannabis businesses “essential” – just like grocery stores and pharmacies. And many cannabis retailers are thriving – seeing a boost in online sales and offering delivery services – despite the pandemic… For instance, in March, cannabis sales in Canada climbed 19%, and in Michigan, sales doubled. And California saw a 159% spike by mid-March. With so much potential tax revenue up for grabs, we believe politicians will have no choice but to act – just like they did with alcohol prohibition. | Recommended Link | | New Smartphone Video Going Viral You have got to see this video that’s going viral… One of the world’s top angel investors unveils a brand-new 5G device… This video is the first time it’s been shared with the public. The value of this device could soar to $5.7 billion – this year. And one company that makes it could be the No. 1 tech stock of 2020. | | | -- | The Stage Is Set for Legalization Evidence is piling up of politicians preparing for the legalization of cannabis. Consider the following: Last month, the House included cannabis banking legislation in its latest coronavirus stimulus bill. The legislation is identical to the SAFE Banking Act, which protected banking institutions that provided loans, accounts, and other services to legitimate marijuana businesses. In New York, lawmakers are urging Governor Andrew Cuomo to pass the Marijuana Regulation and Taxation Act to help offset lost tax revenue. And in New Mexico, Governor Michelle Lujan Grisham says the state lost out on a projected $100 million in recurring revenue when the Legislature blocked a cannabis legalization bill this year. She’s pushing for legalization again to help fill the budget gap created by the coronavirus pandemic. Investor sentiment in the cannabis space remains in the gutter, even as we’re seeing buying frenzies and skyrocketing demand. But when sentiment finally catches up to the reality of booming sales, we’ll see a new upcycle that’ll take this sector to new highs. Companies trading near their bottoms could soar five, 10, or even 100 times or more when investor sentiment flips. Long story short, after spending two years being the market’s whipping boy, pot stocks are about to come back in favor big time. One easy way to get involved in this trend now is by owning the benchmark Horizons Marijuana Life Sciences Index ETF (HMLSF). It holds a basket of top legal cannabis names… And it will give you exposure to the entire space. Let the Game Come to You! 
Teeka Tiwari
Editor, Palm Beach Daily P.S. As I mentioned above, many quality cannabis companies are poised to not only survive this time of uncertainty… but thrive once bullish sentiment returns to the overall cannabis market. But while the market’s shake-up has left cannabis stocks undervalued, the best setups are in the private space. Even if the market remains volatile, these companies can stay private until the conditions are more favorable. And right now, you can still get into three of these private deals for as little as 75 cents per share. But you must act now. These companies will be closing their doors to new investors soon…
Like what you’re reading? Send us your thoughts by clicking here. IN CASE YOU MISSED IT… Is Washington on the verge of a massive announcement? This top financial expert just returned from a private meeting with members of the Senate Financial Services Committee… And he's got his hands on a major announcement. He says, "In three decades, I've NEVER seen anything like this. Every retiree and investor in America should be alert." Click here to watch the full briefing. 
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