Cannabis Sales on the Rise in North America

Monday, May 21, 2018 Drug News
Email Print This Page Comment bookmark
Font : A-A+ News Commentary

NEW YORK, May 21, 2018 /PRNewswire/ --

According to a report by Ameri

Research Inc., the global legal cannabis market was valued at $14.3 billion in 2016 and is projected to grow at a CAGR of 21.1% between 2017 to 2024, while reaching a value of $63.5 billion
by 2024. The market is going through a period of robust growth because of increasing legalization and decriminalization of cannabis products across North America. The report specifies that legalization trends are moving beyond the U.S. region. Data by Arcview Market Research clarifies that growth of the legal cannabis industry are expected reaccelerate in 2018, as adult use sales ramp up in Canada, California, and Massachusetts along with medical sales in Florida. While California is the largest market, Canada is projected to show strong sales as well. Deloitte's report projects the Canadian market will be worth at least $5B in sales in 2018. Snipp Interactive Inc. (OTC: SNIPF), American Cannabis Company, Inc. (OTC: AMMJ), Leafbuyer Technologies, Inc. (OTC: LBUY), Invictus MD Strategies Corp. (OTC: IVITF), Hiku Brands Company Ltd. (OTC: DJACF)

Recently, the Mount Royal University announced that it is partnering with Kwantlen Polytechnic University to offer three, non-credit online courses on the business of cannabis. According to CBC, Brad Mahon, dean of the faculty of continuing education at Mount Royal University, explained that, "The idea was, we have a lot of course connected to business and professional education so this seemed like really, a natural fit; There is already a demand for the courses… We expect people who are kind of tire kickers, people who are curious and want to learn a little bit more, and we also expect people who are serious about learning more about this new industry. In many ways these are business courses."

Snipp Interactive Inc. (OTCQB: SNIPF) is also listed on the TSX Venture Exchange under the ticker (TSX-V: SPN). On May 9th the company announced breaking news that it, "has incorporated a 100% owned subsidiary in the United States to facilitate it to do business with Cannabis companies based in the United States. The reason the Company chose to incorporate this subsidiary is twofold. The first is to enable the Company to be able to leverage its software platforms to service Cannabis businesses with creative business models that could include equity based and performance compensation partnerships and secondly to isolate its core business given that at the U.S Federal Level Cannabis is still a Schedule 1 controlled substance.

"Since the launch of the Cannabis Marketing Resource Center we have received a lot of interest and had many discussions with multiple players in the US and Canadian market. Some of these discussions have led to recommendations that have included working in a more partnership type structure that could involve an equity component as part of the payment mix for the use of our platform and services by these potential clients. As a Company we are open to working with companies to design programs that enable our shareholders to enjoy the upside of this nascent but fast growing industry and creating a separate legal entity to enable that therefore makes a lot of sense", said Atul Sabharwal, Founder & CEO of Snipp." The Cannabis space is rapidly evolving and we have seen a few US based companies dual listing on the Canadian exchanges. A great example is a company like iAnthus, A CMRC member, who pioneered listing in both markets. They have set the stage for a whole new crop of companies based in the US to list in Canada many of whom have not only joined our Cannabis Marketing Resource Center but some of whom are also in deep discussions with us on signing a Managed Service Agreement which allows Snipp to become an approved vendor of theirs locking in these clients for the future as their marketing needs evolve. We look forward to sharing some of progress we are making in converting our CMRC members to paying clients over the next few quarters" Visit the Snipp website at for Snipp's full suite of solutions and examples of Snipp programs."

American Cannabis Company, Inc. (OTCQB: AMMJ) offers end-to-end solutions to existing and aspiring participants in the cannabis industry. The company utilizes its industry expertise to provide business planning and market assessment services, assist state licensing procurement, create business infrastructure and operational best practices. American Cannabis Company also developed and owns a portfolio of branded products including: The Satchel™, SoHum Living Soils™, The Cultivation Cube™ and the High-Density Cultivation System™. On March 14, 2018, the company announced that its SoHum Living Soils® potting mix and Dr. Marijane Root Probiotic manufactured by Earth Alive Clean Technologies (CSE: EAC) are available for purchase on the Walmart, The Home Depot and Amazon online store platforms.

Leafbuyer Technologies, Inc. (OTCQB: LBUY) is a leading cannabis technology platform. On Thursday, the company announced that quarterly sales rose 42% in the quarter ending March 31st, 2018. The increase reflects the cash sales booked in the quarter versus the same quarter of the previous year. Kurt Rossner, CEO of Leafbuyer, said: "Our current growth is due to our expanded presence nationally. The site traffic has increased by over 200% in the past year and our brand awareness in markets outside Colorado is increasing. We now have customers in 14 states and our sales team is deployed in 5 states. Our plan is to open regional sales offices in Southern California, Seattle and possibly the Bay Area in the next 12 months. Expansion plans for Canada are also in the works and we are very excited about their pending national legalization this summer."

Invictus MD Strategies Corp. (OTC: IVITF) owns and operates cannabis companies in Canada with the vision of producing a variety of high quality and low cost cannabis products and strains to the global market place as regulations permit. Recently, the company announced that it has entered into a binding letter of intent for an option to acquire 100% of the outstanding shares of an applicant under the Access to Cannabis for Medical Purposes Regulations from OptionCo current shareholders. OptionCo has two properties. One is located in Delta, British Columbia and is a state of the art, pharmaceutical grade, cannabis production and research facility, which has been submitted to Health Canada for final review and approval under the ACMPR. The Company expects to receive its cultivation license for the Delta Facility in Q2 of 2018. The other property is located in Mission, British Columbia. The Mission Location application under the ACMPR has been submitted and is awaiting construction of its first 50,000 square foot state of the art, pharmaceutical grade purposed built indoor facility.

Hiku Brands Company Ltd. (OTC: DJACF) is focused on building a portfolio of engaging cannabis brands, unsurpassed retail experiences and handcrafted cannabis production. Recently, the company announced it has entered into a binding letter of intent with Oceanic Releaf Inc., a Newfoundland & Labrador-based late-stage applicant under the Access to Cannabis for Medical Purposes Regulations ("ACMPR"). In connection with the Strategic Investment and pursuant to the LOI, Hiku and Oceanic intend to become licensed for up to five cannabis retail locations within the province, and will enter into a retail agreement governing the operation of these stores. The Strategic Investment will be contingent upon securing retail licenses from the Government of Newfoundland & Labrador allowing Hiku to operate stores within Newfoundland & Labrador. Oceanic is a proud Newfoundland & Labrador company and intends to play a key role in the growth of the province's cannabis industry. Oceanic is focused on retrofitting 15,000 square feet within an existing 63,000 square-foot facility in the heart of the Burin Peninsula, and is dedicated to supporting local employment, infrastructure and innovation.

Subscribe Now! Watch us report LIVE  Follow us on Twitter for real time Financial News Updates:  Follow and talk to us on Instagram:  Facebook Like Us to receive live feeds:

About, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, creates 100% unique original content. also provides financial news PR dissemination, branding, marketing and advertising for third parties for corporate news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.

Please Note: is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on (the 'Site') is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content),, a financial news media and marketing firm enters into media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. receives fees for producing and presenting high quality and sophisticated content on along with other financial news PR media services. does not offer any personal opinions, recommendations or bias commentary as we purely incorporate public market information along with financial and corporate news. only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform. For snipp interactive inc., financial news dissemination and PR services, has been compensated five thousand dollars by the company. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this editorial or site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. will always disclose any compensation in securities or cash payments for financial news PR advertising. does not undertake to update any of the information on the editorial or Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security., members and affiliates are not responsible for any gains or losses that result from the opinions expressed on this editorial or Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. By accessing this editorial and website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use, please visit:

For further information: Media Contact:, +1-877-601-1879



Post your Comments

Comments should be on the topic and should not be abusive. The editorial team reserves the right to review and moderate the comments posted on the site.
* Your comment can be maximum of 2500 characters
I agree to the terms and conditions

News A - Z


News Search

Medindia Newsletters

Subscribe to our Free Newsletters!

Terms & Conditions and Privacy Policy.

Find a Doctor

Press Release Category

Press Release Archive

Stay Connected

  • Available on the Android Market
  • Available on the App Store