HOUSTON, TX / ACCESSWIRE / April 10, 2019 / There's sizable long-term growth in store for cannabis.
For one, analysts have become incredibly bullish.
Analysts at Cowen say the U.S. cannabis market could rocket to $16 billion by 2025.
Arcview Market Research and BDS Analytics say the worldwide market could explode to $57 billion by 2027. In the U.S. alone, North American cannabis sales could reach $47.3 billion just over the next decade as well, they note.
But that's just the start of what could be a major boom.
Another potential catalyst is named STATES, or Strengthening the Tenth Amendment Through Entrusting States, it would amend the Controlled Substance act to limit federal interference in state matters such as this. "This is just giving them a level playing field. Respecting the rights of states - it doesn't force a state to do anything that it doesn't want to do," Rep. Earl Blumenauer told Rolling Stone.
In addition, Part of President Trump's budget proposes scaling back restrictive language that has kept Washington D.C. from legalizing and regulating the sale of recreational cannabis. He's also asking the public to submit comments to help change the U.S. position on a potential reclassification. Potential legalization could fire up the voter base, considering that 61% of Americans are in favor of legalization.
These are just a few of the many catalysts creating sizable opportunity for companies such as Nerds on Site Inc. (CSE: NERD)(OTC: NOSUF),Weekend Unlimited Inc.(CSE: POT)(OTC: WKULF), and Crop Infrastructure Corp.(CSE: CROP)(OTC: CRXPF).
Mobile IT solutions company, Nerds on Site Inc. (NERD)(NOSUF) for example just introduced "Cannabis IT in a Box," the "Go To" solution, delivered, installed, and serviced for small- and medium-sized enterprises (SME) to its first customer in the U.S. at the Orchard Heights facility in Washington State.
Orchard Heights is located in Wenatchee, Washington. The Orchard Heights 7- acre property is located strategically on the Columbia river, in Central Washington where a majority of commodity producers converge strategically to expedite distribution to the metropolitan markets. Orchard Heights is a Weekend Unlimited Washington facility.
"With our recent retail client in Alberta, Northern Lights Supply just announced, the NERDS team's ability to prototype the Cannabis IT in a Box solution with Orchard Heights, a grower in the B2B space in Washington will ensure we have ready to go solutions for all applications in the thriving Cannabis industry, both in the Canada and the USA," said Mr. Charles Regan, CEO, NERDS on Site.
For More Information on Nerds on Site Inc.,Click Here.
Weekend Unlimited Inc. (POT)(WKULF) which is in the top 5% of all producer processors, will provide processing and distribution facilities toBoggy Boon branded cannabis company Seven Hills, leading to the acquisition of the company.
"Boggy Boon branded cannabis is cultivated in a 28,000 sq. ft. facility located in Wenatchee Washington as is Orchard Heights Growers. As a result of this partnership, Boggy Boon will be able to dedicate its operation entirely to cultivation with an anticipated increase efficiency as a result by 40%, with the current year run rate of $2M growing to $2.8M," explained Paul Chu, Weekend Unlimited Inc. President and CEO.
As a result of this alliance, the existing Tier 3 Producer/Processing license will have more diverse products to offer its sales channel and will be able to sell Weekend brands to the existing 130 Boggy Boon retail accounts.
For More Information on Weekend Unlimited Inc., Click Here.
Crop Infrastructure Corp. (CROP)(CRXPF)for example, focuses on cannabis branding and real estate assets with a portfolio of cultivation projects in California, two in Washington State, a 1,000-acre Nevada Cannabis farm, 1,865 acres of CBD farms, extraction in Nevada with international focuses in Jamaica and Italy.
The company just announced that its Wheeler Park tenant in Washington State has established a bulk cannabis customer relationship and that its first 150 lbs. of flower has been delivered at $400 a pound. Bulk sales compliment the tenant's ongoing sales strategy to establish itself as a premiere cannabis flower and extraction brand given the ongoing organic nature and high return THC level the company has seen in its lab testing. The strains included in the sale are Bubba Kush, Dutch Hawaiian, Ghost Train, Green Crack, Star Killer, WA Cookies and originating from the previous soil medium. The smaller flowers and trim is currently being extracted into THCA diamonds, distillate and live resin. The company's Evolution Cannabis brand was recently featured on High Times's social media for its large bricks of THC honeycomb.
For More Information on Crop Infrastructure Corp., Click Here.
MarijuanaStox.com is a leading web destination for all cannabis related companies. Investors can also find current marijuana-related quality financial, medical, legal and social news.
MarijuanaStox.com is a media agency in North America dedicated to the cannabis industry, helping companies that operate in the space to attract quality investors, working capital and real publicity. Since 2005, we have had public companies in the US and Canada have rely on us to grow and succeed.
Legal Disclaimer
Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media which has a partnership with www.MarijuanaStox.com is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release.
For making specific investment decisions, readers should seek their own advice. Winning Media, which has a partnership with www.MarijuanaStox.com, is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement between Winning Media (partners of MarijuanaStox.com) and Nerds on Site Inc., Winning Media has been paid four thousand dollars for advertising and marketing services for Nerds on Site Inc. We own ZERO shares of Nerds on Site Inc. Please click here for full disclaimer.
Contact Information:
2818047972
[email protected]
SOURCE: MarijuanaStox.com