Analysts Now Projecting $75 To $90 Billion Marijuana Market By 2030
Palm Beach, FL – March 20, 2019 – Recently, market analysts have been trying to judge what heights the U.S. marijuana market will reach… they do not always agree on a number but they do agree that the revenues will continue to climb. A wall street publication recently said that: “The marijuana industry could be much bigger than you realize. According to a new note published… by an industry investment firm… the total cannabis market could generate as much as $75 billion in gross annual sales by 2030, up from a previous forecast of $50 billion by 2026.” Another analyst had a higher number estimating: “… a $90 billion market size in 2028, if legalized soon enough for that market to be “mature” – say if legalized by ~2023.” The article from the FOOL.com mentioned “The green rush has fully gripped Wall Street and investors… many of the largest publicly traded marijuana stocks by market cap have seen their share prices soar by more than 1,000% over the trailing-two-year period. (One investment firm found): “…that the cannabis market is already worth about $50 billion, albeit with black-market channels being accounted for. If you factor in per-capita spending of $1,500 a year, 50% higher than it previously forecast, along with 35 million annual cannabis users, you can see where the bulk of this $25 billion annual increase from its 2016 projections is coming from Active Companies from around the market with current developments this week include: Marijuana Company of America, Inc. (OTC:MCOA), Kona Gold Solutions, Inc. (OTC: KGKG), Terra Tech Corp. (OTCQX: TRTC), PotNetwork Holdings, Inc (OTCPK: POTN), Isodiol International Inc. (OTCQB: ISOL) (CSE: ISOL), Kona Gold Solutions, Inc. (OTCPK: KGKG).
The investment firm in the article even suggests that the United States’ fight against the opioid epidemic could lead to an increase in cannabis consumption. Per the report, “Newly published research reinforces the work that we have already done, showing that for some, cannabis is an effective opioid substitute (in particular in treating chronic pain).” The second analyst summed it up saying: “If cannabis is legalized nationally, the market would be enormous.”
Marijuana Company of America, Inc. (OTCQB:MCOA) BREAKING NEWS: Marijuana Company of America, an innovative hemp and cannabis corporation, is pleased to announce that MCOA has entered into a letter of intent (LOI) with Natural Plant Extract of California (NPE) and its subsidiary, Northern Lights Distribution, LLC (NLD) to acquire a 20% ownership interest in NPE, and to establish a Joint Venture (JV) to operate a California cannabis delivery service named Viva Buds.
Under the terms of the LOI, MCOA has committed to contribute $2,000,000 in total cash to the project, as well as common shares of the Company with a value of $1,000,000. In exchange, MCOA will own a 20% equity position in NPE. In addition, both NPE and MCOA will form a JV to operate Viva Buds and will share in the profits on a 50/50 basis.
NPE has obtained both state and city licenses for volatile manufacturing, distribution and retail delivery of cannabis products. NPE has a long-term lease with favorable terms for its location at 11116 Wright Road, Lynwood, CA. NPE will manage all operations pertaining to distribution, manufacturing, and delivery of cannabis products, and MCOA will provide capital, consulting and marketing services.NPE is currently generating revenue through its distribution business segment under NLD, which it launched in 2018 and is undergoing construction of its manufacturing lab since it recently obtained all of the necessary state and local permits.
As part of the JV with NPE’s distribution company NLD, MCOA formed a wholly owned subsidiary called Viva Buds Inc. to serve as the marketing arm for NLD’s new retail delivery service in California. The Company will initially focus on delivering cannabis products to Southern California and then rollout to other cities statewide. NLD will contribute up to $300,000 in inventory of cannabis products to assist in the start-up of this venture and will oversee all delivery and fulfillment of orders. MCOA will provide a vast array of marketing services and technology to promote and build its Viva Buds brand.
The parties are in the process of conducting due diligence and completing a material definitive agreement. Read this and more news for MCOA at: https://www.financialnewsmedia.com/news-mcoa/
In the industry developments and happenings in the market this week include:
Terra Tech Corp. (OTCQX: TRTC) a vertically integrated cannabis-focused agriculture company, recently announced that the City Council of San Leandro, CA voted last night to approve an ordinance for adult-use cannabis sales in the City of San Leandro. The ordinance is subject to a second reading which is scheduled to occur on April 1, 2019 and will go into effect on May 1, 2019. The ordinance would allow for existing medical dispensaries to sell cannabis to recreational users 21 years of age or older, starting May 1, 2019. The Company currently operates the only licensed medical cannabis dispensary open in the City at 1915 Fairway Drive San Leandro, CA, 94577.
Terra Tech’s Blüm San Leandro dispensary has seen consistent medical foot traffic and a significant number of adult users, over 200 a week on average, have been turned away since the medical facility opened its doors on January 11, 2019.
PotNetwork Holdings, Inc (OTCPK: POTN) PotNetwork News, the cannabis industry’s premier outlet for financial, political, and industry news, announced that it is starting 2019 by having over 1 million pageviews recorded through the first 10 weeks of the year.
PotNetwork Holdings, Inc., the parent company of PotNetwork Media Group, reported the surge for the period running from January 1st to March 15th. The site’s special live multimedia coverage of signature industry trade shows (such as the Tobacco Plus Expo and CHAMPS) and investigative pieces such as the article that uncovered the investor fraud of hemp researcher DR. Bomi Joseph have also expanded the site’s readership. The website also benefited from the increased traffic directed to it by the launch of its sister print publication, PotNetwork Magazine.
Isodiol International Inc. (OTCQB: ISOL) (CSE: ISOL) recently announced the launch of its products with Holland & Barrett International (“Holland & Barrett”), beginning with an initial order of ten SKUs of hemp-extract based cannabidiol (CBD) products from the Company’s RapidCBD™ and Iso-Sport™ brand catalogues for more than US$1 million.
The launch has commenced online and more than 45,000 units are expected to be available in up to 800 Holland & Barrett stores by the end of March, 2019 throughout the United Kingdom and the Republic of Ireland. Holland & Barrett is the largest health and wellness retailer in Europe, operating more than 1,300 stores, 10 million customer loyalty program members, and US$800 million in annual revenues.
Kona Gold Solutions, Inc. (OTCPK: KGKG) a hemp and CBD lifestyle brand focused on product development in the functional beverage sector, recently announced agreements with three new distribution partners, TJ Distribution in Massachusetts, Trident Distributors LLC in New Jersey, and SeeBeeDee’z LLC in New York. Kona Gold has now partnered with 13 new distributors in 2019, putting the number of distribution partners around the country selling the Company’s Hemp Energy Drinks and CBD Energy Waters well over 20. The addition of TJ Distribution, Trident Distributors, and SeeBeeDee’z will place Kona Gold’s popular Hemp Energy Drinks and CBD Energy Waters into key markets as the Company continues its aggressive expansion across the United States.
DISCLAIMER: FN Media Group LLC (FNM), which owns and operates Financialnewsmedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM expects to be compensated forty six hundred dollars for news coverage of the current press release issued by Marijuana Company of America, Inc. by a non-affiliated third party. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.
Media Contact email: email@example.com – +1(561)325-8757