Research Indicates Cannabis Market Continues to Gain Popularity

Tuesday, January 30, 2018 Drug News
Email Print This Page Comment bookmark
Font : A-A+

FinancialBuzz.com News Commentary

NEW YORK, January 30, 2018 /PRNewswire/ --

A report by New Frontier

Data in partnership with Arcview Market Research, indicates that the legalization of cannabis in California, Massachusetts, Nevada, Florida,
Arkansas and North Dakota will result in new markets that will account for $7.1 billion in sales by 2020. The data estimates that the total U.S. cannabis market will surpass $20.9 billion by 2020. By segment, the medical cannabis market was worth $4.7 billion in 2016 and is expected to grow to $13.3 billion by 2025. Recreational cannabis sales during the same period are projected to grow at a 21 percent CAGR, from $1.9 billion to $10.9 billion. Global Payout, Inc. (OTC: GOHE), MassRoots, Inc. (OTC: MSRT), Mountain High Acquisitions Corp. (OTC: MYHI), Cannabis Science, Inc. (OTC: CBIS), GreenGro Technologies, Inc. (OTC: GRNH)

California's new recreational cannabis laws went into effect on January 1st, 2018. A report by Fortune indicates that, "in order to collect $1 billion a year in taxes, the state will need to reach a projected $7 billion in annual legal recreational cannabis sales. At that rate, California would easily be the country's largest legal marijuana market, as the entire legal cannabis industry in the U.S. is expected to pull in roughly $10 billion in total sales for 2017. That number would almost certainly get a boost in the coming years, as legal markets grow in California and other states, such as Nevada and Massachusetts."

Global Payout, Inc. (OTC: GOHE) announced yesterday breaking news that, "its majority owned subsidiary, MoneyTrac Technology, Inc. ("MTRAC", the "Company") has completed a Joint Venture Partnership agreement ("JV") with Integrated Compliance Solutions, LLC ("ICS"), a premier 'Seed to Banktm' provider of financial and regulatory compliance services and solutions for the multi-billion-dollar retail cannabis industry."

As MTRAC has continued to make significant headway in recent weeks in the development of a strong foundation that is required to deliver legitimate banking solutions to the legal cannabis industry. The Company views the establishment of this JV Partnership with ICS as a critical opportunity to fortify the compliance aspects of the banking solutions that are being co-developed by MTRAC and the strategic partners with which they have been collaberating. Said MTRAC CEO, Vanessa Luna: "The importance of compliance in an industry that is so heavily regulated like retail cannabis is something that cannot be understated. The ICS team carries several years of valuable experience with them in the field of regulatory compliance solutions and financial technology services for banking, and their integration into the banking solutions we are dedicated to delivering to the cannabis industry is not only significant, but essential to our commitment of providing retail cannabis businesses with the most compliant and regulated banking solution available." Said ICS CEO, Christopher Johnson: "It should come as no surprise that the retail marijuana business is one of the highest risk spaces in retail. Being able to effectively track and manage KYC and source of all funds is imperative for these businesses who are focused on operating retail establishments that are not only profitable but are fully compliant with all financial regulatory requirements. Our 'Seed to Bank' technology solutions give these businesses the tools necessary to navigate the challenging and changing compliance waters, and I am excited to be joining MoneyTrac and its group of experienced partners on this important venture of bringing real banking solutions to the growing industry of cannabis." "MTRAC intends for much of its focus over the coming weeks to surround incorporating the multiple strategic partnerships it has cultivated within the financial, banking, and compliance service sectors into the ongoing co-development of a banking solution that meets the demands and needs of the emerging retail cannabis industry."

MassRoots, Inc. (OTCQB: MSRT) is one of the leading technology platforms for the regulated cannabis industry. Powered by more than one million registered users, the Company's mobile apps empower consumers to make educated cannabis purchasing decisions through community-driven reviews. On December 27, 2017, the company announced a comprehensive action plan to aggressively scale its market share of cannabis consumers and businesses in the California market. On January 3, 2018, the first recreational cannabis sales are expected to begin in California, which ArcView Market Research projects will grow to $6.5 billion by 2020. MassRoots has launched a comprehensive social media campaign leveraging its 450,000 followers on Instagram, 500,000 followers on Facebook, and more than 100,000 followers on Snapchat, in addition to its network of more than 75 cannabis-centric social media influencers with combined followings of more than 5,000,000 people. The campaign is focused on driving and rewarding referrals of users and paying businesses to the MassRoots platform.

Mountain High Acquisitions Corp. (OTCQB: MYHI) is a holding company focused on the acquisition and development of businesses and other assets within the cannabis sector. Recently, the company announced the company's most recent milestones in its plan to provide turnkey infrastructure solutions to licensed cannabis growers and producers in highly promising cannabis markets such as California, Washington, Oregon and Arizona. On January 18, 2018 MYHI entered into an Advisory Agreement with Mr. Dirk Nansen of Bellingham, Washington, with effect from January 1, 2018.  Pursuant to the Agreement, Mr. Nansen is required to identify opportunities in Washington, Oregon, and California through which MYHI can evaluate technologies and pursue the build out of infrastructure assets to be utilized for cannabis cultivation, extraction, or consumer product manufacturing. In Arizona MYHI is currently leasing two intermodal cultivation containers to D9 Manufacturing, Inc. (D9), which is managing the company's pilot program aimed at developing Standard Operating Procedures for growers. D9 recently reported a substation electrical power surge that resulted in a loss of the crop for the company's initial cultivation.

Cannabis Science, Inc. (OTC: CBIS) is a U.S. company specializing in the development of cannabinoid-based medicines. On January 18, 2018, the company reported very strong interest among researchers in the Company's groundbreaking work to investigate the use of cannabinoids in the treatment of cancers. Cannabis Science's recent, peer-reviewed publication in Frontiers in Oncology, "Nanoparticle Drones to Target Lung Cancer with Radiosensitizers and Cannabinoids", in just a few months, has already been viewed more than 6,500 times, with the article having more views than 91% of the papers published in all Frontiers journals.

GreenGro Technologies, Inc. (OTC: GRNH) is a national leader in both indoor and outdoor aquaponic and hydroponic systems and grow rooms, with specific domain expertise in agricultural science systems serving both the consumer and commercial farming markets. On October 12, 2017, the company announced that its majority-owned subsidiary, Biodynamics, Inc., was awarded a purchase contract to build a 2-acre turn-key fully automated photovoltaic solar glass hydroponic cannabis greenhouse in Greenfield California, for Canna Culture Collective Inc., San Jose, California. Under the terms of the agreement, Biodynamics will construct a 88,364 sq. ft. PV solar glass hydroponic cannabis greenhouse for Canna Culture Collective, Inc., and expects to start construction as soon as permitting is complete in the first quarter of 2018. The project will incorporate Biodynamics' proprietary fully automated positive pressure PV solar glass greenhouse technology, and will be used by Canna Culture to cultivate medicinal cannabis using the Biodynamics proprietary multilevel controlled environment agriculture growing systems and techniques.

Subscribe Now! Watch us report from LIVE https://www.youtube.com/FinancialBuzzMedia Follow us on Twitter for real time Financial News Updates: https://twitter.com/financialbuzz Follow and talk to us on Instagram: https://www.instagram.com/financialbuzz Facebook Like Us to receive live feeds: https://www.facebook.com/Financialbuzz/

About FinancialBuzz.com  

FinancialBuzz.com, 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, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com 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: FinancialBuzz.com 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 http://www.FinancialBuzz.com (the 'Site') is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, 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. Financialbuzz.com 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. FinancialBuzz.com receives fees for producing and presenting high quality and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com does not offer any personal opinions, recommendations or bias commentary as we purely incorporate public market information along with financial and corporate news. FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform. For global payout, inc. financial news dissemination and PR services, FinancialBuzz.com has been compensated four thousand dollars for financial news dissemination and PR services by cambridge consultants. 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. FinancialBuzz.com will always disclose any compensation in securities or cash payments for financial news PR advertising. FinancialBuzz.com 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. FinancialBuzz.com, 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. FinancialBuzz.com. 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 FinancialBuzz.com 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 FinancialBuzz.com. 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: http://www.financialbuzz.com.

For further information: Media Contact: info@financialbuzz.com +1-877-601-1879

Url: http://www.FinancialBuzz.com

SOURCE FinancialBuzz.com

Advertisement


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

A B C D E F G H I J K L M N O P Q R S T U V W X Y 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