by Ray Blanco
Daily Reckoning
After decades of public outcry, the U.S. government is finally poised to make a very important decision… one that could give rise to a $100 billion industry.
All signs are saying that the government will do the right thing — reversing course on a very controversial topic. As early as Aug. 1 — just over two weeks from now — I expect an announcement that changes the way we regulate drugs. And investors who position themselves now could grab a hefty portion of that cash for themselves.
I’m talking about medical marijuana. Medical marijuana will be legal, opening up a whole new world of drug development. And anyone who owns shares in the industry’s pioneers will reap huge profits.