by Jeff Berwick, Dollar Vigilante:
Adapting to massive paradigm shifts before most even notice is how generational fortunes are made.
How many look back to when alcohol prohibition ceased in 1933 in the US, after having been deemed illegal by the federal government since 1920, and wished they could have invested and profited like Joseph Kennedy, father of John F Kennedy, who amassed a fortune when he travelled to Scotland with Franklin Delanor Roosevelt’s son, James Roosevelt, to buy distribution rights for Scotch whisky.
Even though the global alcohol market is expanding at staggering speed – the global alcoholic drinks industry is expected to reach $1 trillion in 2014, while the market volume will top 210 billion litres in 2014 – the global marijuana industry will likely increase faster in coming years and decades. Currently estimated at around $140 billion, the marijuana market is poised to grow faster than smartphones.
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