HOUSTON, TX / ACCESSWIRE / April 24, 2019 / Over the last year, we've seen countless catalysts for cannabis stocks.
Canada legalized its use. More U.S. states gave the green light for medicinal and/or recreational use. Corporate America quickly woke up to the opportunity. Better, cannabis is just beginning to transform multi-billion-dollar industries, including alcohol, health and wellness, cigarettes, and the retail industry. Even the U.S. Farm Bill accelerated growth.
However, that may just be the start of bigger things to come.
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.
As the story just begins to unfold, some of the top beneficiaries include Lifestyle Delivery Systems Inc. (CSE:LDS)(OTCQX:LDSYF), Terra Tech Corporation (OTCQX:TRTC), and Green Thumb Industries Inc. (CN:GTII)(OTC:GTBIF).
Lifestyle Delivery Systems Inc.'s (LDS)(LDSYF) just announced that its Highway 395 Dispensary project has received approval for its construction plans from the San Bernardino Fire Department. The City of Adelanto approved the addition of a Conditional Adult use permit to complement Highway 395 Dispensary's existing Medical Use permit for the dispensary and delivery operations.
"The addition of the Adult Use to the 395 Dispensary permit will allow for both medical and recreational cannabis products to be sold at the dispensary and delivered direct to the customer," says LDS CEO, Brad Eckenweiler. "This additional permit will allow a significantly larger product line and increased revenue potential. With the ability to retail both medical and recreational products and the vertical integration of all aspects of the supply chain being controlled by LDS affiliates, the 395 Dispensary can deliver a full spectrum of products direct to the consumer and reduce the cost of those products with the efficiencies created from a complete vertical integration from genetics to the customer. That translates into significant savings to the customer and a competitive advantage in the marketplace for the LDS affiliates."
For More Information on Lifestyle Delivery Systems Inc., Click Here.
Terra Tech Corporation (TRTC) runs multiple subsidiaries, including Blüm, a retail dispensary for medical cannabis products. The company has locations in Nevada and New Jersey, with a bulk of properties in California.
"In California, we currently have dispensary operations in Oakland and Santa Ana, and are continuing to build out another dispensary in San Leandro as well as cultivation and extraction facilities in the state," said Terra Tech CEO Derek Peterson. "We are encouraged by our progress establishing recognizable brands, a loyal customer base and developing extensive cultivation capabilities, which we expect to allow for the production of up to 20,000 pounds of cannabis per year, when complete."
In addition, the company just secured a permit to manufacture cannabis at its 15,000 sq. ft. facility in Reno, Nevada.
For More Information on Terra Tech Corporation, Click Here.
Green Thumb Industries Inc. (GTII)(GTBIF)just acquired the For Success Holding Company, the Los Angeles-based creator of the lifestyle suite of Beboe branded cannabis products. Beboe is currently available in more than 125 retail locations in California and Colorado and via home delivery across California. In 2018, Beboe launched a direct-to-consumer hemp-derived CBD line of products and introduced several collaborations, including a CBD-infused drink with wellness brand Dirty Lemon.
For More Information on Green Thumb Industries Inc., Click Here.
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