Neil here. The summer is heating up, isn’t it?
First, I’m talking literally. Where I am, most of our days are hitting close to 110 degrees, and I’ve been spending my days inside with my wife, my daughter, our brand-new baby, and our air conditioning.
But that heat wave goes beyond just the weather. Economically, we’re seeing major activity heating up as we come into the summer that’s nearly hitting pre-pandemic levels.
The country’s economy is operating at around 94% of where it was in March 2020, and most states are at least 80% back to normal, according to CNN. Claims for unemployment benefits are quickly slowing, too – down to around 3.2 million in mid-June from its peak of 23 million back in May 2020.
You know, we talk about America’s comeback a lot, right? It’s been hard to picture an economic comeback after a year that completely uprooted everything single aspect of our lives. But the numbers are clear, and the country is on the up and up again.
We’re seeing this type of recovery across a wide variety of sectors. Of course, some sectors (like telehealth, delivery, and gaming) didn’t suffer too much over the last year. In 2021, however, we’re seeing a major bounce back in industries like travel, retail, real estate, and even parts of the arts and entertainment world.
But there’s actually one industry out there that’s defying expectations for growth this year, in a good way. I’m talk about the cannabis industry, which is having a banner year unlike anything we’ve seen before.
Now, when I say “unexpected,” here’s what I mean.
Cannabis sales skyrocketed in 2020, hitting $21.2 billion across the globe. Much of that growth came from a heavily increased demand for cannabis-based products and services during our lockdown period. In the United States alone, cannabis sales increased 67% year-over-year in 2020.
I never expected the cannabis industry to tumble this year, by any means. But with lockdown essentially over, and the economy kicking back into high gear, I definitely didn’t expect the mammoth growth the industry has already seen in just the first six months of the year.
But this year, the economic impact of cannabis in the United States is projected to hit $92 billion. That’s a 30% increase from last year. By 2025, that number is expected to hit a whopping $160 billion, showing healthy – and rapid – growth for the sector that extends far beyond this year alone.
That number includes everything from jobs in cannabis, real estate costs for cannabis companies, and tax from cannabis sales.
Plus, cannabis legalization is picking up across the country, with Connecticut, New Mexico, and Virginia all decriminalizing it with the last couple of weeks alone. Eighteen states have legalized consumption and sale, and eleven states have fully-operational dispensaries.
All of this shows that cannabis has a wide-reaching grip on the economy that as investors, we really shouldn’t ignore. It’s a cannabis revolution, and there are plenty of opportunities to play it.
In fact, cannabis saw a landmark merger just last month between Tilray, Inc. (NASDAQ: TLRY) and Aphria, Inc. They’re Canada’s largest cannabis companies, and they merged for a combined market cap of $3.3 billion.
Following the merger, the companies are trading under Tilray’s ticker on the Nasdaq.
But Tilray is a public company. While it could be a great addition to your portfolio if you choose to pursue, I’m all about the startup opportunities here. And there are plenty of them (we’ve even recommended a couple of them here at the Network).
That’s why today, I want to introduce you to Don Yocham, who serves as both our director of deal analysis at Angels & Entrepreneurs and the executive director at the National Institute for Cannabis Investors (NICI).
See, Don is a deal flow genius. He’s got his finger on the pulse of the latest and greatest world-class private equity investment opportunities across all sectors. That’s why he’s on our Advisory Board, after all.
And there’s really no one I’d trust more than Don when it comes to finding the next market-moving cannabis plays out there. So, here’s how you can use his expertise to your advantage.
Don and the NICI Research Team have put together a quick report that’ll fill you in with more details on exactly you’ll get as a member of theservice. Because this year is only the beginning of what’s to come for cannabis, and he wants to tell you all about it.
Just click here to check out what Don has to say. I’ll be back soon with another update.
Until next time,
Neil Patel
First, I’m talking literally. Where I am, most of our days are hitting close to 110 degrees, and I’ve been spending my days inside with my wife, my daughter, our brand-new baby, and our air conditioning.
But that heat wave goes beyond just the weather. Economically, we’re seeing major activity heating up as we come into the summer that’s nearly hitting pre-pandemic levels.
The country’s economy is operating at around 94% of where it was in March 2020, and most states are at least 80% back to normal, according to CNN. Claims for unemployment benefits are quickly slowing, too – down to around 3.2 million in mid-June from its peak of 23 million back in May 2020.
You know, we talk about America’s comeback a lot, right? It’s been hard to picture an economic comeback after a year that completely uprooted everything single aspect of our lives. But the numbers are clear, and the country is on the up and up again.
We’re seeing this type of recovery across a wide variety of sectors. Of course, some sectors (like telehealth, delivery, and gaming) didn’t suffer too much over the last year. In 2021, however, we’re seeing a major bounce back in industries like travel, retail, real estate, and even parts of the arts and entertainment world.
But there’s actually one industry out there that’s defying expectations for growth this year, in a good way. I’m talk about the cannabis industry, which is having a banner year unlike anything we’ve seen before.
Now, when I say “unexpected,” here’s what I mean.
Cannabis sales skyrocketed in 2020, hitting $21.2 billion across the globe. Much of that growth came from a heavily increased demand for cannabis-based products and services during our lockdown period. In the United States alone, cannabis sales increased 67% year-over-year in 2020.
I never expected the cannabis industry to tumble this year, by any means. But with lockdown essentially over, and the economy kicking back into high gear, I definitely didn’t expect the mammoth growth the industry has already seen in just the first six months of the year.
But this year, the economic impact of cannabis in the United States is projected to hit $92 billion. That’s a 30% increase from last year. By 2025, that number is expected to hit a whopping $160 billion, showing healthy – and rapid – growth for the sector that extends far beyond this year alone.
That number includes everything from jobs in cannabis, real estate costs for cannabis companies, and tax from cannabis sales.
Plus, cannabis legalization is picking up across the country, with Connecticut, New Mexico, and Virginia all decriminalizing it with the last couple of weeks alone. Eighteen states have legalized consumption and sale, and eleven states have fully-operational dispensaries.
All of this shows that cannabis has a wide-reaching grip on the economy that as investors, we really shouldn’t ignore. It’s a cannabis revolution, and there are plenty of opportunities to play it.
In fact, cannabis saw a landmark merger just last month between Tilray, Inc. (NASDAQ: TLRY) and Aphria, Inc. They’re Canada’s largest cannabis companies, and they merged for a combined market cap of $3.3 billion.
Following the merger, the companies are trading under Tilray’s ticker on the Nasdaq.
But Tilray is a public company. While it could be a great addition to your portfolio if you choose to pursue, I’m all about the startup opportunities here. And there are plenty of them (we’ve even recommended a couple of them here at the Network).
That’s why today, I want to introduce you to Don Yocham, who serves as both our director of deal analysis at Angels & Entrepreneurs and the executive director at the National Institute for Cannabis Investors (NICI).
See, Don is a deal flow genius. He’s got his finger on the pulse of the latest and greatest world-class private equity investment opportunities across all sectors. That’s why he’s on our Advisory Board, after all.
And there’s really no one I’d trust more than Don when it comes to finding the next market-moving cannabis plays out there. So, here’s how you can use his expertise to your advantage.
Don and the NICI Research Team have put together a quick report that’ll fill you in with more details on exactly you’ll get as a member of theservice. Because this year is only the beginning of what’s to come for cannabis, and he wants to tell you all about it.
Just click here to check out what Don has to say. I’ll be back soon with another update.
Until next time,
Neil Patel
Follow @angelsandentrepreneurs
