NEW YORK, May 4, 2016 /PRNewswire/ --
It is a rare opportunity when a market that is potentially worth
hundreds of billions of dollars is virtually untouched by large
companies. While the number of states where the growth and sales of
Cannabis products remains limited, the majority of the population
in the United States approves the
end of federal marijuana prohibition nationwide. For now, in states
where cannabis is a legitimate and legal product, sales are through
the roof.
A recent report by New Frontier and ArcView Market Research has
revealed some very impressive numbers. Sales of legal cannabis
products increased by 17% in 2015, rehearing $5.4 billion, and sales are expected to increase
by 25% in 2016, reaching a total value of $6.7 billion. An unprecedented achievement for an
industry in which the first legal dispensaries opened two years
ago. Jumping to 2020, total sales across the U.S are expected to
reach 22 billion.
According to projections Washington
State is expected to be the largest legal sales market by
2020, with estimated $2.3 billion of
total sales. In 2015 alone legal sales of marijuana products
totaled more than $709 million in
Washington State, which is an
increase of 242% over 2014. The vibrant market and the high
probability of sales growth continuously attracts new businesses in
the marijuana market to the state, like Diego Pellicer
Worldwide, Inc. (OTCQB: DPWW), which is
expected to open their flagship retail store in Seattle soon.
Diego Pellicer Worldwide, is a real estate and a consumer retail
development company that is focused on developing Diego Pellicer as the world's first "premium"
marijuana brand by adhering to the highest quality and standards
for its facilities along with both cannabis and non-cannabis
products. A near term catalyst for the company is the opening of
their first flagship retail store in Seattle.
The company's initial focus is to acquire and develop legally
compliant real estate locations for the purposes of leasing them to
state licensed companies in the cannabis industry. Diego Pellicer
Worldwide profits from the lease payments of our real estate
holdings and from the sale of our branded, non-cannabis products.
The company leases legally compliant locations for retailing,
medical dispensing of marijuana, and is also involved in café
operations of non-infused products as well as in ancillary products
including branded apparel. For more information about the company
please visit: http://DiegoPellicer.com
The cannabis industry is fragmented into many sectors, real
estate and retail as we have seen with Diego Pellicer, but also Pharmaceuticals. GW
Pharmaceuticals PLC (NASDAQ: GWPH) recently
announced the successful completion of their phase 3 trial for the
treatment of Dravet syndrome - a rare and severe form of epilepsy
in children with no FDA-approved treatments. The company's
investigational medicine Epidiolex® proprietary cannabinoid product
platform. Shares of the company jumped 120% after the announcement
on March 14.
Other sector companies worth a look are Terra Tech Corp
(OTCQX: TRTC), operates through multiple
subsidiary businesses including: Blum, IVXX Inc., Edible Gardens,
MediFarm LLC and GrowOp Technology.
Medical Marijuana, Inc. (OTC:
MJNA), wants to be the premier cannabis and hemp industry
innovators, leveraging their team of professionals to source,
evaluate and purchase value-added companies and products, while
allowing them to keep their integrity and entrepreneurial
spirit.
General Cannabis Corp (OTCQB:
CANN), is the all-in-one resource for the
highest quality service providers available to the regulated
Cannabis Industry. They are a trusted partner to the cultivation,
production and retail side of the cannabis business. They do this
through a combination of strong operating divisions such as real
estate, consulting, security, financing and the distribution of
important infrastructure products to grow facilities and
dispensaries.
Recreational marijuana is legal in just four states -
Alaska, Colorado, Oregon and Washington -Twenty other
states and Washington D.C. have legalized medical marijuana.
It is widely that over time marijuana will be regarded as an
accepted substance, and the federal marijuana prohibition will end
nationwide in the near future.
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