Baby Boomers Investing in Marijuana
How Baby Boomers Are Making Me Rich
Clara Doyle was born on July 17, 1948.
Along with her three brothers, she lived in a two-bedroom apartment in Jersey City, NJ.
Her father was a mechanic and her mother was a teacher.
“It was a good life,” she told me.
“We always had everything we needed. Loving parents, a clean home, and lots of friends and family in the neighborhood. Everybody knew each other and everybody felt safe and loved.”
Today, Clara is 67 years old.
She's a wife, a mother, and a grandmother. And now that she's retired, she spends most of her time volunteering at her church. This is where I initially met her. I was dropping off some donations for a food drive when I found her fast asleep in an old metal folding chair.
When I checked to see if she was OK, she jumped up and said, “Don't worry, I'm not dead. Just sleeping.”
Turns out, Clara has long struggled with insomnia. And apparently she had just run out of her medicine the night before. In fact, she was waiting for her friend to drop off her medicine that afternoon.
In any event, we got to talking, and before long, her friend showed up.
He was a young guy, probably in his late 20s. He looked a bit spooked when he saw me and asked me if I was a cop.
Clara burst out laughing.
“Don't worry, he's cool.”
That afternoon, I had stumbled upon this wonderful woman just minutes before her drug dealer showed up. Her medicine was cannabis, and she had been using it for nearly five years to treat her insomnia.
For decades, Clara was on all kinds of different medications to help her sleep. Most worked, she said, but with horrible side effects ranging from lethargy to depression. But in late 2010, her son suggested she try cannabis. And that's what makes this story so interesting.
Her son isn't some random pot-smoking slacker. He's a doctor. An epidemiologist, to be exact. And while he's not one to go around promoting cannabis use, he considers it one of many safe and effective options for people suffering from insomnia, as well as dozens of other health issues.
And apparently, his mother isn't the only baby boomer using cannabis as a form of medical treatment.
Baby Boomer Money
According to a study released by research firm IBISWorld, the legal marijuana industry is growing rapidly, primarily because the number of baby boomers who consume marijuana is growing faster than any other demographic of marijuana consumers.
As reported in Bizjournals:
By the end of 2015, more than 110.9 million Americans over 50 will use and purchase pot. In the next five years, people over 50 using pot will increase 7 percent. Compared to other demographics, that is a pretty significant growth pattern, according to the study.
The increase in aging users is primarily due to marijuana's role in relieving the aches and pains that come along with getting older.
The growth of the pot industry also is due to an increase in available marijuana-laced edibles. Compared to smoking, new consumers feel more comfortable eating brownies or drinking marijuana-laced lemonade to get high.
One of the fastest-growing industries in the U.S. is legal marijuana. We're talking values in excess of $35 billion by 2020.
And who's driving most of this growth?
Just the most influential demographic on the planet: the baby boomers.
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There couldn't be a more perfect storm for those investing in the legal marijuana trade — or what we continue to refer to as “legal drug dealers.”
Although Clara Doyle's drug dealer may not be a “legal drug dealer,” I am. And I can tell you that thanks to more and more baby boomers discovering the benefits of medical marijuana, I continue to create massive amounts of wealth in the legal marijuana space.
Of course, I'm not the only one.
Right now, there are literally thousands of “legal drug dealers” out there, and they're making a fortune.
You can do it, too.
It's completely legal, completely legit, and you don't even have to leave your house to do it.
Quite frankly, it's pretty much one of the easiest ways to make money that I've ever seen.
But mark my words: Every second you're not getting your piece of this pie, someone else is. So don't drag your feet on this one. Like every great opportunity, it won't last forever.
Start dealing drugs legally right now. Click here.
To a new way of life and a new generation of wealth...
Jeff is the founder and managing editor of Green Chip Stocks and Weekly Score. For more on Jeff, go to his editor's page.
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