The Growth and Expansion of the Legal Cannabis Market

Monday, March 13, 2017 Drug News
Email Print This Page Comment bookmark
Font : A-A+

NEW YORK, March 13, 2017 /PRNewswire/ --

The legal cannabis industry could become a major driver of U.S. economy

in the near future, despite the uncertainties arising from the new presidential administration's policy regarding this industry. According to a new report published by New Frontier Data, the legal cannabis market will create 283,422 jobs for American
workers by 2020. Recent legalization of cannabis for either medical or recreational use is considered as the main factor that fuels the growth of the legal cannabis market. This growth in the sector could further boost the U.S. economy by creating more jobs and increasing tax revenue for states. Diego Pellicer Worldwide, Inc. (OTC: DPWW), MassRoots Inc. (OTC: MSRT), Terra Tech Corporation (OTC: TRTC), CV Sciences Inc. (OTC: CVSI), American Cannabis Company Inc. (OTC: AMMJ)

As of today, 28 states in U.S. had legalized medical cannabis, while the sale of recreational cannabis remains legal in 8 states, including California and Massachusetts. Giadha Aguirre De Carcer, Founder and CEO of New Frontier Data, said, "While we see a potential drop in total number of U.S. jobs created in 2017, as reported by Kiplinger, as well as an overall expected drop in GDP growth, the cannabis industry continues to be a positive contributing factor to growth at a time of potential decline."

Diego Pellicer Worldwide, Inc. (OTCQB: DPWW) a real estate and consumer retail development company that is focused on developing the world's first 'premium' cannabis brand.

Diego Pellicer Worldwide, Inc. today announced a first in the Company's history of operations. March 2017 all of Diego Pellicer branded tenant locations in Washington and Colorado commenced paying rent as of March 1, 2017. Diego Pellicer's business model is reliant on the branded tenant's success and their ability to perform under our unique business model. Diego Pellicer Washington opened its flagship store in Seattle in the fourth quarter of 2016, and its Denver flagship store opened last month to great fanfare.

The Company's branded tenants have secured multiple state cannabis licenses, including medical and recreational cultivation licenses, infused medical and recreational products manufacturer licenses (Medical Processor License for edibles and concentrates), and retail licenses.

Ron Throgmartin, CEO of Diego Pellicer Worldwide, stated, "The cannabis consumer will experience unparalleled customer service, selection and pricing from our branded tenants as Diego Pellicer redefines the cannabis shopping experience. With rent commencing in all of our branded locations, Diego Pellicer can now focus on expansion and new acquisitions, as we increase our market share, and follow our growth strategy to drive shareholder value."

With more than 900,000 users, MassRoots Inc. (OTCQB: MSRT) is one of the largest and fastest growing platforms for cannabis enthusiasts. Through its mobile applications and web portal, people use MassRoots to share their cannabis content, stay connected with the latest legalization news and follow their favorite dispensaries through community-driven reviews. MassRoots is affiliated with the leading businesses and organizations in the cannabis industry, including the ArcView Group and National Cannabis Industry Association. Its mobile application features dispensary finder and menus, product pages and reviews, and Sponsored Posts 2.0. It provides business dashboards featuring MassRoots' product data in actionable formats. The Company focuses on introducing other features for users and index the network's public content on Google for software engine optimization value. The Company gains insights into consumer trends by aggregating data from various cannabis consumers.

Terra Tech Corporation (OTCQX: TRTC) is a vertically integrated cannabis-focused agriculture company, that had recently constructed its new cannabis cultivation facility in Oakland, California. Terra Tech has executed a lease for 13,000 square feet of industrial space on over 30,000 square feet of land in Oakland's industrial corridor. The Company is in the final stages of designing a state of the art cultivation facility projected to produce over one metric ton of premium grade cannabis per annum for its IVXX brand. The design includes fully automated environmental controls which are anticipated to reduce production costs associated with the cultivation of IVXX cannabis. IVXX Inc. is a wholly-owned subsidiary of Terra Tech that produces medical cannabis-extracted products for regulated medical cannabis dispensaries throughout California.

CV Sciences Inc. (OTCQB: CVSI) focuses on drug development activities on products containing cannabidiol (CBD) as the active pharmaceutical ingredient, and also is engaged in the sale of CBD, and the development, marketing and sale of end consumer products containing CBD, which is refined into its own PlusCBD Oil™ brand, the leading hemp-derived CBD product line in the United States. The Company operates in two segments: specialty pharmaceuticals and consumer products. The Company's specialty pharma business segment is focused on developing and commercializing therapeutics utilizing synthetic Cannabidiol across several therapeutic areas. The consumer product business segment is focused on manufacturing, marketing and selling plant-based CBD products to a range of market sectors.

American Cannabis Company Inc. (OTCQB: AMMJ) offers end-to-end solutions to existing and aspiring participants in the cannabis industry. The Company utilizes their 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™. We also design and provide other industry specific custom product solutions. The building and development of our brands and product suite is based on our Geoponics Philosophy, 'the art and science of agriculture in soil'.

Please SIGN UP NOW at To Receive Alerts on Trending Financial News from all these companies. "The Latest Buzz in Financial News"

Subscribe Now! Watch us report from NYSE

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 branding, marketing and advertising for third parties for disseminating 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 service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. has not been compensated directly by any of the companies mentioned here in this editorial. 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 as we purely incorporate public market research along with financial and corporate news. only regurgitates financial or corporate news through our unique financial newswire and media platform. has been compensated a total of nine thousand dollars for financial news dissemination and pr services by a third party non affiliate for Diego Pellicer Worldwide, Inc. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this 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. was previously compensated fifty thousand restricted common shares in a 2016 agreement, which has expired from Diego Pellicer Worldwide Inc. for financial news pr and corporate news dissemination. does not undertake to update any of the information on the 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 the 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 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:

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