NEW YORK, March 15, 2018 /PRNewswire/ --
According to data publishedby Energias Market Research, the global medical cannabis market is expected to grow significantly from USD 8.28 billion in 2017 to USD 28.07 billion in 2024, at a CAGR of 19.1% from 2018 to
The potential financial benefits from the legalization are important economically and politically. Fortune reported 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) on March 8th announced breaking news that, "its subsidiary MoneyTrac Technology, Inc. ("MTRAC", the "Company") is launching a Regulation D 506(c) offering that will be centered around the Company's MTRAC-Token™. The Company plans to use this new token to accomplish its goal of "Banking the UnbankableTM". This press release is not being used for the purpose of solicitating the market for any of the securities offered (see disclaimer below).
The launch of the raise and MTRAC-Token is both the culmination of months spent building crucial relationships and marks the beginning of something much larger for the Company. MTRAC views itself as a "New Age Technology Holding Company," through its network of partnerships and affiliate clients, pioneering a course in the cannabis industry into what has been dubbed the "New Gold Rush." As the cannabis industry currently faces the challenges with banking accessibility and electronic payment solution availability, MTRAC intends to utilize this raise as the resource needed to deliver the solutions they have been co-developing to this rapidly growing industry. With this opportunity MTRAC will work to address some of the industry's biggest challenges by facing them head on and introducing "The New Age of Currency"
Said MTRAC CEO, Vanessa Luna: "The MTRAC-Token™ is a unique type of investment opportunity providing investors a way to be involved in revolutionizing a multitude of industries. Our singular focus over the past several months has been meticulously piecing together our powerful network of partners, which combines two of the most influential and newly successful industries of our generation, cannabis and blockchain technology. We at MoneyTrac are a team of innovators working to develop and introduce the solutions necessary to give businesses operating in the legal cannabis sector the specific tools needed to flourish. There has never been a time like the present, when technology and finance converge to create viable, and much needed, solutions in a burgeoning new industry, which is expected to grow exponentially over the next few years. This is the opportunity -- this is The MTRAC-Token™."
Organigram Holdings Inc. (OTCQB: OGRMF) is focused on producing the highest quality, condition specific medical marijuana for patients in Canada. Organigram's facility is located in Moncton, New Brunswick and the company is regulated by the Access to Cannabis for Medical Purposes Regulations ("ACMPR"). on April 10, 2017, Organigram signed a letter of intent to acquire all of the issued and outstanding shares of Trauma Healing Centers Incorporated ("THC"). THC specializes in medical cannabis assessment and prescribing while offering a multi-disciplinary approach to healing chronic conditions. "The acquisition of THC will allow Organigram to accelerate its patient onboarding strategy and further vertically integrates our goal company's cannabis value chain," says Greg Engel, Chief Executive Officer of Organigram.
Solis Tek Inc. (OTCQB: SLTK), parent company of wholly owned subsidiaries Solis Tek Digital Lighting and Zelda Horticulture, is a vertically integrated technology innovator, developer, manufacturer and distributor focused on bringing products and solutions to commercial cannabis growers in both the medical and recreational space in legal markets across the U.S. On February 27, 2018, the company announced a cooperative agreement under which Solis Tek will become Medicine Man Technologies' recommended supplier of High Intensity Discharge (HID) lighting technologies for its current and prospective consulting and sales relationships. The recommended status includes Solis Tek Lighting as its specified cultivation lamp fixture in both its equipment lists as well as facility designs. Under the terms of the agreement, Solis Tek will provide Medicine Man with an exclusive pricing list for its lighting products.
Future Farm Technologies Inc. (OTCQX: FFRMF) is a Canadian company with projects throughout North America including California, Florida and Maryland. The Company's business model includes developing and acquiring technologies that will position it as a leader in the evolution of Controlled Environment Agriculture (CEA) for the global production of various types of plants, with a focus on cannabis. Recently, the company announced that its Puerto Rico subsidiary has signed the first of five planned leases for its Clinica Verde branded Puerto Rico dispensaries. The Company expects to sign two more leases in the next thirty days with the additional two leases to follow soon after. Future Farm continues to execute on its strategy of building a portfolio of valuable, revenue-generating assets in the fastest growing cannabis and hemp markets in North America.
CannaGrow Holdings, Inc. (OTC: CGRW) has entered the Medical/Recreational Cannabis Industry as a Lessor, Liaison, and Consultant to Licensed Growers, providing them with turnkey Growing Facilities in the State of Colorado. On February 7, 2018, the company announced the Licensed Grower at their Colorado Buffalo Ranch Facility, Category One Botanicals, LLC, has been selected as one of three (3) Independent Organic Farmers to source product for the new Sun Grown Cannabis Line launched this week by the Willie Nelson brand, Willie's Reserve. CannaGrow Holdings and its associate company, Category One Botanicals, LLC, the licensed grower, are dedicated to taking a leading role in the transformation of the legal Cannabis Industry into a vital, responsible sector of the American economy.
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