Main Street vs. Wall Street: What I Learned From Rubbing Elbows With Major Media Types

Last week, our team traveled to New York City to attend a book launch for Fox News personality Melissa Francis.

Packed in a small steakhouse on First Avenue, we hopped between chatting with TV producers, Fox News personalities and various attendees at the party.

I’ll be honest, it was a weird place for us to be.

We try to be the opposite of mainstream media. We want to bring you stories and ideas you can’t find on the 24-hour news cycle.

We’re not used to rubbing elbows with these types. If you want to talk about “fish out of water” scenario, this was it.

Fly on the wall: TV personalities and producers gather at New York City steakhouse.

Our invite was a bit serendipitous, but we jumped on the opportunity to get our tech guru Ray Blanco’s face in the spotlight he deserves.

So we went, we mingled and we had some interesting conversations with a lot of smart people along the way.

But there was one topic we continually brought up that had all ears in the room — pot. And just how huge the market is for weed right now.

The growth of the marijuana industry continues to astound the most seasoned media market watchers.

THEY were asking US about the latest scoop on the pot market.

Unlike major news networks, we weren’t surprised by this trend. Ray’s been covering the marijuana boom for nearly a year.

That’s been very good for you!

Ray recently booked readers of his Penny Pot Profits service a 50% gain in four market days, thanks to the power of this industry.

Off Cameras: Fox News on-air talent and producers celebrating a colleague’s book launch.

So let the mainstream media keep reporting on the trials and tribulations the cannabis industry faces. Meanwhile, investors are raking in cash despite the setbacks big news outlets like to cover.

“Legally, marijuana has the most restrictive classification. But I believe it’s all political at this point. It has nothing to do with reality,” Ray said.

He’s right. You want to look at the reality of what marijuana is doing right now? The reality is this:

  • 92% of medical marijuana patients are happy with how the drug works to treat and alleviate everything from migraines to cancer
  • 76% of doctors worldwide approve of marijuana use in the medical field
  • 90% of the U.S. population approves of the legalization and use of marijuana in some form
  • 24 states, plus Washington, D.C., have some kind of marijuana decriminalization law currently in effect.

So that’s roughly half the country with lower restrictions on cannabis, and already the marijuana market is a multibillion-dollar industry. Imagine what happens as states relax their laws more. It’s mind-blowing.

Here’s the thing — you don’t have to hobnob with mainstream media types to get the inside scoop on the big opportunities in the pot space.

If you want to know how to make money in pot right now, don’t turn on the 24-hour news — you’ll find the best stuff right here in this space.


Amanda Stiltner

Amanda Stiltner
for, The Daily Reckoning

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Aaron Gentzler

Aaron Gentzler is the publisher of Seven Figure Publishing. He is also the editor of The Rundown and has been with Agora Financial / Seven Figure Publishing since 2005. He's been covering technology and markets for over a decade.

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