Here's the Thing About "Buying Weed from the Grocery Store"

John Mackey, CEO of Amazon subsidiary Whole Foods, recently sat down with a reporter from The Texas Tribune. The reporter bagged a great quote - and we investors got quite an earful, too. It's worth us taking a minute to parse out, because there are real implications for our marijuana investments. Mackey was talking with the Tribune about the possibility of carrying cannabis products in his stores: "If cannabis is ever passed in Texas, chances are good that grocery stores will be selling that, too." And it seems Mackey may even be open to a variety of products. When asked whether we would ever see cannabis edibles in a Whole Foods outlet, Mackey said, "Let's see what happens with the market and the government regulations over time." Financial journalists have been making a lot of hay over these statements, and that's understandable. After all, if cannabis were available in major grocery stores, the potential profits for any party involved would be incredible; it would certainly be a turning point in cannabis' lucrative journey into the American mainstream. I agree that it's fairly likely we'll see cannabis products in grocery stores in the near future. But there's a caveat: The "arrival" is going to play out a little differently than everyone - Mackey included - may be thinking. Investors had better get ready, because it's going to play out like this... Tags: trading strategies To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2019 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Here's the Thing About "Buying Weed from the Grocery Store" appeared first on Money Morning - We Make Investing Profitable .