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It's that time of the year again... Game-Changing Stocks editor Andy Obermueller has just released his annual "shocking predictions report" for 2015. As StreetAuthority's resident expert in what he calls "the next big thing," it's Andy's job to track down and find the market's hottest growth opportunities -- especially ones that aren't on most investors' radars yet.
You've undoubtedly heard about what's going on with marijuana in the U.S.
Pot, which was once considered a taboo, is quickly gaining mainstream acceptance. Today, even the President of the United States has openly admitted to having smoked marijuana in his youth. When the news broke, no one even seemed to blink.
We're already seeing how Americans' changing attitude towards the drug has affected our legal system. For example, voters in both Washington state and Colorado have legalized marijuana for recreational use, while some 20 other states have given it the nod for medicinal purposes.
The problem is that for now, pot is still illegal at the Federal level as a Schedule 1 drug under the Controlled Substances Act. That means even though states like Colorado and Washington state find no problem with dispensaries growing and selling weed, the Feds still see the possession of marijuana as a punishable crime.
As a result, legitimate marijuana operations have had a hard time growing their businesses. After all, if the Feds wanted to they could bust down the door of every dispensary in the U.S., seize their assets and haul the owners off to jail.
They haven't because, in 2012, President Obama swore that the government wouldn't pursue marijuana users in states where voters have legalized its use.
But regardless of the President's oath, this dichotomy can't last. You can't have two legal codes -- both of which are supposed to operate in unison -- stand in such direct conflict with one another. Something has to give.
As a result, one of two things is going to have to happen. Either the Federal government is going to have to man-up and start actively prosecuting marijuana users, or it will have to give in and allow for the full-scale legalization of the drug.
Andy's vote is on the latter. Here's why, courtesy of Andy's newest report, "The 11 Shocking Investment Predictions For 2015": The fact that is illegal doesn't seem to stop very many people from lighting up.
The State of Legal Marijuana Markets report, released in early January by ArcView Market Research, estimates legal cannabis hit $1.43 billion in sales in 2013 and that it will grow 64% to $2.34 billion in 2014.
To put that in context, that's a rate of growth faster than smartphones achieved. ArcView said more than 590,000 Americans will have bought pot legally from a retail storefront by the end of this year.
That is just the beginning. Cannabis' growth potential is reflected in Gallup polls, which have shown a continued uptrend in marijuana use since 1969. In October 2013, a record 58% of Americans said "yes" when asked if marijuana should be made legal, and only 39% said "no."
The companies able to establish themselves as the leading providers of premium-quality marijuana and derivative products will be wildly successful as more state legislatures give grass the nod.
While there are several risky, micro-cap over-the-counter (OTC) stocks available to buy including Cannabis Science (CBIS), Fusion Pharmaceutical (FSPM), Hemp Inc. (HEMP), many of these companies aren't yet profitable.
After all, to deny the opportunity in pot is to forgo the fact that, if legalized across the country, this burgeoning industry could be one of the biggest growth stories of the next decade. If that does indeed happen, then investors could start reaping the rewards from this trend as soon as next year. And that's exactly why he's included it as one of his most shocking predictions for 2015...
The above article is an excerpt as published via Yahoo! Finance.
Question: For my fellow community members, think how this growth will impact the legal industry?