According to a forecast report by Arcview Market Research, growth in the legal cannabis market will reaccelerate in the beginning of 2018, as adult use (recreational use) sales are expected to ramp up in Canada, California, and Massachusetts along with medical sales in Florida. The market is expected to grow from the $6.7 billion market value of 2016 and at a robust 27% CAGR to $22.6 billion in 2021. That 20+% annual growth rate is likely to continue for many years past 2021 as more states and countries legalize cannabis. Arcview Market Research includes 30 states plus Canada with active legal markets by 2021. Global Payout, Inc. (OTC: GOHE), Surna, Inc. (OTC: SRNA), Kush Bottles, Inc. (OTC: KSHB), GB Sciences, Inc. (OTC: GBLX), Cannabis Science, Inc. (OTC: CBIS).
The report indicates that Americans are mostly approve of legalization legislations. “Polls show that 80% of Americans approve of legal access to medical cannabis and 60% approve of full adultuse legalization. That level of agreement is rare on any policy issue and it’s allowing elected oﬃcials across the political spectrum to start to move past the stigma previously associated with this issue. One key reason support for legalization is spreading so rapidly is that it is accomplishing a key goal: the illicit market is shrinking. Illicit sales are now being rolled back at the fastest rates in those states with the most mature legal adultuse markets,” Arcview Market Research states.
Global Payout, Inc. (OTC: GOHE) announced breaking news yesterday that, its majority owned subsidiary, MoneyTrac Technology, Inc. (‘MTRAC’, the ‘Company’), has executed a Letter of Intent (‘LOI’) with BlazeNow, Inc., a majority owned subsidiary of MediaTechnics Corporation (OTC PINK: MEDT). As an advertising and data collection platform, BlazeNow connects cannabis-related businesses with patients and customers, and was called the ‘Yelp’ of the cannabis industry by NY Daily News.
The LOI enables MTRAC and BlazeNow to enter into advanced discussions relating to a potential joint venture to execute each of their respective business development objectives and go-to-market strategies in the multi-billion dollar cannabis industry. Additionally, the companies will diligently explore the potential of leveraging the various financial technology resources available within MTRAC’s Virtu Network Solutions Platform to enhance the existing BlazeNow mobile app and web platform.
“We are excited to lay the groundwork for what we believe will be a very productive business partnership with BlazeNow. The goals are to leverage this partnership in pursuing joint revenue products and services,” says MTRAC COO Vanessa Luna. “Through this LOI, we hope to establish a joint-venture partnership with BlazeNow so that we can pool each of the industry-specific resources we have available to help significantly grow both brands.”
“The wealth of knowledge from both a business and technology perspective that Ms. Luna and the MoneyTrac team has is truly impressive,” said BlazeNow CEO, Jeremy Carr. “Both of our companies are in-tune with the multiple opportunities materializing within the cannabis industry, and we understand that a critical part of being able to seize as many of them as possible entails the establishment of strategic partnerships such as the one we are eager to develop with MoneyTrac. We have spent a good amount of time fine-tuning our software and application, and look forward toward self-producing revenue and marketing our flagship products.”
Surna, Inc. (OTCQB: SRNA) is a Boulder, Colorado-based manufacturer of a proprietary line of optimized lighting, environmental control and air sanitation systems for state-regulated cannabis cultivation facilities as well as traditional indoor agricultural facilities. Recently, the company announced the launch of a new website and brand strategy to reflect Surna’s rising position as a go to solutions provider and the increasing impact its technology is having on the cultivation industry. Surna’s new user-friendly website makes it especially easy for engineers and contractors responsible for building indoor grows to quickly find relevant information on products, services and implementation strategies for optimizing heating, cooling and water strategies.
Kush Bottles, Inc. (OTCQB: KSHB) is a dynamic sales platform that provides unique products and services for both businesses and consumers in the cannabis industry. The company recently announced it has launched an FDA compliant Kush Canister™ to safely and securely store cannabis products for resale purposes. The canister can fit just over one ounce of cannabis flower and has a certified child resistant push-top to comply with regulations in the states that require child resistant packaging. The proprietary product is manufactured in the U.S.A. and is designed specifically for markets that require child resistant packaging. The material used to manufacture this container is food grade and BPA free.
GB Sciences, Inc. (OTCQB: GBLX) is a diverse cannabis company, focused on standardized cultivation and production methods; as well as biopharmaceutical research and development. On August 2, 2017, the company announced an agreement with the Los Coyotes Band of Cahuilla and Cupeno Indians for the purposes of establishing cannabis operations on the tribe’s lands located near Warner Springs, California. This is the first time a publicly traded US cannabis cultivation company and a federally recognized Native American tribe have announced a commercial cannabis venture in California. GB Sciences will construct facilities on designated areas of tribal land for the business of cultivation, manufacturing and other commercial cannabis activities.
Cannabis Science, Inc. (OTC: CBIS) is a U.S. company specializing in the development of cannabinoid-based medicines. Recently, the company and Free Spirit Organics Native American Corporation announced significantly positive analytical lab testing reports from its San Joaquin Sovereign Tribal Free Land MBS, Industrial Hemp Project. Initial analytical reports from the first cut plants reveals that the strains being used are well within the boundaries of laws and regulations placed on industrial hemp research projects of this sort. The lab results from the 2017 CBIS/FSO NAC MBS001 initial harvest show values of THC 0.26% and CBD at 5%.
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