Total Impact of Cannabis Market Projected to Reach $48 Billion in 2019

The cannabis markets are growing like a weed in both the U.S. and global markets. Each projection seems to raise the ceiling even higher than before. A recent article in the Marijuana Business Daily projected that: “Total economic impact of the cannabis industry will range from $39.2 billion to $48 billion in 2019 – about a 35% increase over 2018 and the U.S. cannabis sales in 2018 were between $8.6 billion and $10.8 billion – more than U.S. spending on e-cigarettes, the video game Fortnite and Goldfish crackers and U.S. sales of cannabis in 2019 will be about 35% higher than 2018 and could reach $30 billion by 2023. But are not just the industry giants that have green fields in front of them. Local dispensaries and recreational shops are a big part of the revenue tsunami. Another industry website laid forth the following industry picture and accompanying statistics: “As more states approve cannabis for use, an entirely new market has cropped up in the United States. Medical dispensaries, as well as recreational shops, are opening to supply marijuana to a broad base of consumers.” Active Companies from around the market with current developments this week include: Marijuana Company of America, Inc. (OTCQB: MCOA), Hemp Inc. (OTCPK: HEMP), Medical Marijuana, Inc. (OTCPK: MJNA), Sipp Industries, Inc. (OTCPK: SIPC), Smart Cannabis Corp. (OTCPK: SCNA).

Marijuana Company of America Announces Prelaunch of Premier Cannabis Delivery Service

via NetworkWire – MARIJUANA COMPANY OF AMERICA INC. (“MCOA” or the “Company”) (OTCQB: MCOA), an innovative hemp and cannabis corporation, is pleased to announce the prelaunch of cannabis delivery service Viva Buds Inc. in the San Fernando Valley in Los Angeles, California, with sign-ups now available on its website at https://vivabuds.com.
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Marijuana Company of America Announces Reverse Stock Split of Common Stock

via NetworkWire – MARIJUANA COMPANY OF AMERICA INC. (“MCOA” or the “Company”) (OTCQB: MCOA), an innovative hemp and cannabis corporation, today announced that the Company’s Board of Directors and Stockholders have approved a reverse stock split of its issued and outstanding common stock at a ratio of 1-for-60. The decision was made at a Special Meeting of Stockholders held on July 1, 2019.
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Increased Customer Acceptance and Governmental Deregulation Fueling Huge Cannabis Revenue Opportunities

As more jurisdictions have approved medicinal uses of cannabis, many of them have followed with approval of consumer recreational uses… and more food & other consumer CBD infused products are increasingly on the rise as well. This formula should continue the rise in both the projections and in the cannabis markets overall revenues for years to come. A report from Mordor Intelligence, forecasts that: “The cannabis market was valued at USD 14.5 billion in 2018, and it is projected to reach 89.1 billion by 2024, with a CAGR of 37% during the forecast period. The drivers identified in the market are medicinal properties of cannabis, increasing legalization of cannabis, and increasing advances in genetic development and intellectual property of cannabis. Medicinal cannabis accounts for the majority share of the cannabis market, when segmented on the basis of usage. Many countries have legalized the usage of cannabis for medicinal purposes. Many countries, where cannabis has been legalized, have a large adult population aged 50 and above. This increases the demand for medicinal cannabis, as the affinity of getting sick with chronic diseases increases after 50 years. “The growth rate can be attributed to the fact that various countries are now legalizing the usage of cannabis for medical purposes and various states in the US are legalizing the usage of cannabis for recreational purposes as well. North America accounts for more than 95% of the cannabis market, with the US alone making up more than 90% share of the North American market. In the cannabis market, companies are very active and are constantly involved in acquiring shares and developing new products to attract a larger portion of consumers toward their products. Active Companies from around the market with current developments this week include: Marijuana Company of America, Inc. (OTCQB:MCOA), Medical Marijuana, Inc. (OTCPK: MJNA), Kona Gold Solutions, Inc. (OTCPK: KGKG), HEXO Corp. (NYSE: HEXO) (TSX: HEXO), Terra Tech Corp. (OTCQX: TRTC).

Marijuana Company of America Provides Update on Viva Buds, Its Cannabis Delivery Service

via NetworkWire – MARIJUANA COMPANY OF AMERICA INC. (“MCOA” or the “Company”) (OTCQB: MCOA), an innovative hemp and cannabis corporation, today announced that the Company’s manufacturing and distribution facility for its Viva Buds cannabis delivery service is expected to be completed and fully functional by August 2019.
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U.S. Hemp Industry Revenues Continue to Rise Generating Amazing Opportunities

Industry reports show that in the U.S. more smaller farmers are getting into the hemp cultivation business, while larger established companies are expanding their acreage and using clones and seeds with better genetic properties, for better output. The industry is growing both in size and in technological/biological efficiencies and there are lessons yet to be learned in this rapidly growing cultivation market. One recent article said: “Growers can plant feminized seeds — which are bred to maximize flower production — start plants in a greenhouse before transplanting them to the field, or use clones. Approaches vary in cost and labor requirements. (An industry source) said clones produce the most stable field results but are the most expensive option… Genetic purity and strength are critical, said (another industry source). Genetics should be selected based on heartiness for a region, market demand and overall crop viability, he said “There is not any reason to do anything without correct genetics,” he said. “I can’t stress that enough, because there were many farmers in Oregon last year who were not able to participate in sales this year because they did not buy the right seed.” Active Companies from around the market with current developments this week include: Marijuana Company of America, Inc. (OTCQB:MCOA), Kona Gold Solutions, Inc. (OTCPK: KGKG), Cresco Labs Inc. (CSE: CL.CN) (OTCQX: CRLBF), Hemp Inc. (OTCPK: HEMP), American Premium Water Corporation (OTCPK: HIPH).

Marijuana Company of America and Joint Venture Partner Global Hemp Group Announce Start of Commercial Planting at Hemp Farm

via NetworkWire – MARIJUANA COMPANY OF AMERICA INC. (“MCOA” or the “Company”) (OTCQB: MCOA), an innovative hemp and cannabis corporation, along with joint venture partner Global Hemp Group (CSE: GHG/ OTC: GBHPF/ FRA: GHG), are pleased to announce the start of its commercial planting at its hemp farm in Scio, Oregon.