NEW YORK, May 10, 2016 /PRNewswire/ --
The Cannabis industry had a major victory last week, without
even appearing in court. The US Department of Justice, after four
years, has dropped the case to shut down Harborside Health Center
in Oakland, California, which is
currently the largest marijuana dispensary in the United States.
Robert MacCoun, a law professor
and drug-policy expert at Stanford
University, in an interview with SF Gate perfectly explained
how this market is changing: "The framework is moving from the war
on drugs to tricky issues of regulation, taxation and who is going
to be in control of this major new industry," he said.
The reason for the softer approach is in part economical.
According to a report by Marijuana Business Daily (actual real
website) the entire marijuana industry, including tourism, which is
an impact of legalization, is projected to provide $44 billion to the economy by 2020. Legal
marijuana sales in the US alone spiked to $5.4 billion in 2015, up from $4.6 billion in 2014. Sales are projected to hit
$7.1 billion in 2016. Diego Pellicer
Worldwide, Inc. (OTCQB: DPWW), Terra Tech Corp (OTCQX: TRTC),
Medical Marijuana, Inc. (OTCMKTS: MJNA), GW Pharmaceuticals PLC
(NASDAQ: GWPH), General Cannabis Corp (OTCQB: CANN).
An independent research article by Michael Markowski, who has been part of the
Financial Information Industry for decades producing research,
information and intelligence products gives his insight into the
Cannabis space. His article can be found here: <Click here to
view his article>.
He touches on names like Diego Pellicer Worldwide,
Inc. (OTC: DPWW), 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.
Other sector companies mentioned, Terra Tech Corp (OTC:
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.
In the Pharmaceutical world, 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.
General Cannabis Corp (OTC: 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.
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