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In the U.S., “black market” cannabis is a roughly $50 billion industry.
Of course, that’s what legal pot producers are trying to pick away at.
Now, investors have spent a lot of time focusing on the adult-use market that just went live in Canada in October. And that’s perfectly acceptable because of the lack of federal-level risk.
But the opportunities in the U.S. – even at the state level – can dwarf those in the national market.
For example, California is the sixth-largest economy in the world and has a bigger population than our neighbor to the north.
In today’s edition of CannaBiz Now! I talk to General Cannabis (OTC: CANN) Executive Chairman Michael Feinsod.
We discuss the potential for the legal U.S. market for the next two years.
More importantly, Feinsod does some myth-busting about the oft-repeated belief that there is no banking available for cannabis companies.
There are tens of billions of dollars up for grabs. And Feinsod explains how his company is staking its claim.