New Legal Cannabis Markets are Expected to Grow After Positive Voting Results

Monday, November 12, 2018 General News
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NEW YORK, November 12, 2018 /PRNewswire/ --

Recent referendums on

cannabis legalization initiatives have proved once again that the social consensus regarding marijuana use is changing. Three of the four states in which such initiatives were on the ballot have voted in favor of legalization. According to information
recently provided by New Frontier Data, the legalization of medical cannabis in Utah and Missouri and legalization of adult-use cannabis in Michigan will help create new markets that are projected to account for more than USD 1.2 Billion in additional sales for a combined total of USD 2.1 Billion in total legal sales by 2025. This increase will create more than 30,000 additional cannabis jobs over the same period. CLS Holdings, USA Inc. (OTC: CLSH), Tilray, Inc. (NASDAQ: TLRY), Aphria Inc. (NYSE: APHA), The Green Organic Dutchman Holdings Ltd. (OTC: TGODF), MariMed Inc. (OTC: MRMD)

According to another report from cannabis staffing agency Vangst, the number of cannabis jobs and their average salary has increased rapidly in recent years due to the increasing legalization of cannabis. The growth in cannabis job listing had surged 690% since the beginning of 2017, while the average salary of cannabis positions increased by 16.1% between 2017 and 2018. "Cannabis legalization in some form has occurred in nearly 60% of the United State's and based on our research, legal retail sales revenues are currently estimated to be $10.3 billion in 2018; we now project the market to grow to more than $25 billion while supporting more than 642,000 jobs by 2025," said Giadha Aguirre de Carcer, Founder and CEO of New Frontier Data.

CLS Holdings, USA Inc. (OTCQB: CLSH) just earlier this morning announced breaking cannabis news that, "Meet the City Trees Team at Booth #3913 City Trees Products Available in 35 Nevada Dispensaries City Trees Considers Expansion Beyond Nevada, its Nevada wholesale brand, City Trees, will be an exhibitor at the 2018 Marijuana Business Convention "MJ Biz Con" in Las Vegas from November 14 to the 16. CLSH also announced the City Trees product line is now being sold in over 35 dispensaries throughout Nevada and it is considering expanding the brand beyond the Nevada market.

Visitors to the booth at MJ Biz Con will have the opportunity to meet the City Trees team and learn about the product line. CLS Nevada, Inc. Chief Operating Officer Don Decatur commented, "We are excited to showcase the City Trees product line at MJ Biz Con this year as we consider expanding the brand beyond the Nevada market." MJ Biz Con attendees will find the City Trees team at booth #3913, adjacent to the conference registration area.

City Trees added 5 new wholesale customers in the last 30 days. Its line of disposable vapes, cartridges, tinctures, and capsules can now be purchased in over half of the dispensaries in Nevada. Decatur explained the growth, "Our dedication to premium quality, competitive pricing, and the team's focus on excellent customer service all contribute to the continued success of City Trees."

About Oasis Cannabis (http://oasiscannabis.com) - Oasis Cannabis has operated a cannabis dispensary in the Las Vegas market since dispensaries first opened in Nevada in 2015 and has been recognized as one of the top marijuana retailers in the state. Its location within walking distance to the Las Vegas Strip and Downtown Las Vegas in combination with its delivery service to residents allows it to efficiently serve both locals and tourists in the Las Vegas area. In August 2017, the company commenced wholesale offerings of cannabis in Nevada with the launch of its City Trees brand of cannabis concentrates and cannabis-infused products. An expansion of its cultivation and production facility is currently underway and is expected to be completed during the fourth quarter of 2018.

About CLS Holdings USA, Inc. - CLS Holdings USA, Inc. (CLSH) is a diversified cannabis company that, subject to receipt of certain anticipated regulatory approvals, acts as an integrated cannabis producer and retailer through its Oasis Cannabis subsidiaries in Nevada, and plans to expand to other states. CLS stands for "Cannabis Life Sciences," in recognition of the Company's patented proprietary method of extracting various cannabinoids from the marijuana plant and converting them into products with a higher level of quality and consistency. The Company's business model includes licensing operations, processing operations, processing facilities, sale of products, brand creation and consulting services. For additional information, please visit: http://www.clsholdingsinc.com"

Tilray, Inc. (NASDAQ: TLRY) is a global pioneer in the research, cultivation, production and distribution of medical cannabis and cannabinoids currently serving tens of thousands of patients in twelve countries spanning five continents. Tilray, Inc. recently announced that it has completed an acquisition of its existing import and distribution partner Alef Biotechnology SpA. The acquisition will allow Tilray to import, produce and distribute Tilray branded medical cannabis products in Chile and to create a hub to distribute Tilray products throughout Latin America. Tilray previously announced a partnership with Alef in February 2017 to import and distribute Tilray products in Chile and Brazil. Alef is currently licensed by the Chilean government to commercially produce medical cannabis and is developing a state-of-the-art facility to domestically produce and process medical cannabis products. Chilean law permits patients to access medical cannabis products under the supervision of a recommending physician. "Today's announcement marks another milestone for Tilray as we expand our global footprint and solidify our presence in Latin America by officially welcoming Alef to the Tilray team," said Brendan Kennedy, President and Chief Executive Officer of Tilray. "The Chilean government has been a pioneer legitimizing and regulating medical cannabis in Latin America, and we are thrilled to be investing in one of the region's most exciting markets for biopharmaceutical development."

Aphria Inc. (NYSE: APHA) is a leading global cannabis company driven by an unrelenting commitment to our people, product quality and innovation. Aphria Inc. recently announced its proposed acquisition of CC Pharma GmbH, a leading distributor of pharmaceutical products to more than 13,000 pharmacies in Germany. The transaction, when closed, will strengthen the Company's end-to-end medical cannabis operations and infrastructure in Germany, a key market in Aphria's international expansion. It is anticipated that the transaction will close in January 2019. "This acquisition strengthens our foothold in Germany, one of the most highly sought-after medical cannabis markets in the world," said Vic Neufeld, Chief Executive Officer of Aphria. "CC Pharma is cash-flow positive and has significant experience with regulatory requirements and international logistics. It will be a strong addition to Aphria's presence in Germany, providing deeper access to the important pharmacist channel and advancing our ambitious global growth strategy."

The Green Organic Dutchman Holdings Ltd. (OTCQX: TGODF) is a research & development company licensed under the Access to Cannabis for Medical Purposes Regulations to cultivate medical cannabis. The Green Organic Dutchman Holdings Ltd. recently announced the launch of its premium, certified organic cannabis brand. This preeminent launch coincides with Canadian Organic Week, the largest annual celebration of organic food, farming and products across the country. This is a pivotal step for the Company in becoming the largest, organic cannabis brand in the world. "Organically certified cannabis is preferred by Canadian consumers, in both medical and recreational markets," said Andrew Pollock, TGOD's Vice President of Marketing. "Cannabis consumers value the safety, medical efficacy and natural terpene profiles that organic cannabis provides. Our mission is Making Life Better, and our organic cannabis products deliver on that promise. TGOD is an organic community that consumers will be proud to join," continued Pollock.

MariMed Inc. (OTCQB: MRMD) recently announced that it has finalized the acquisition of BSC Group, a highly respected cannabis firm headquartered in New Jersey that over the last three years has been engaged in competitive licensing, consulting and operations management across the country. BSC founders and managing partners, Brian Staffa and Amber Staffa, will join the MariMed leadership team, bringing under the MariMed umbrella their extensive cannabis expertise, resources, intellectual property and a vast network of highly specialized affiliates spanning regulated fields of commercial cannabis, food and beverage, commercial agriculture, pharmaceuticals, regulatory compliance, consumer psychology, and the applied sciences. "Our team has worked with BSC Group on various projects in the past, and their laser focus made them an ideal partner to help fuel MariMed's forward momentum," said MariMed Chief Executive Officer Bob Fireman. "We are excited to bring on Amber and Brian, who have seasoned cannabis operations, corporate strategy, branding and marketing expertise. An organization is only as good as the people in it. The Staffas share our vision and work ethic and will be a great addition to our team."

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