Consumer Spending on Legal Cannabis Products Continues to Grow - iCrowdNewswire
 
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Feb 15, 2018 7:20 AM ET

Consumer Spending on Legal Cannabis Products Continues to Grow

iCrowdNewswire - Feb 15, 2018

According to a report by Arcview Market Research, consumer spending on legal cannabis in North America is outpacing previous estimates. The report specifies that retail cannabis sales will grow 33% from 2016 to nearly $10 billion this year. By 2021 the legal market is projected to reach $24.5 billion, at a 28% compound annual growth rate (CAGR). Arcview also stated that according to BDS Analytics’ GreenEdge point-of-sale tracking service, the medical industry in California is already as big as the total markets in Colorado, Washington, and Oregon combined. Global Payout, Inc. (OTC: GOHE), MassRoots, Inc. (OTC: MSRT), Lexaria Bioscience Corp. (OTC: LXRP), United Cannabis Corporation (OTC: CNAB), Mountain High Acquisitions Corp. (OTC: MYHI).

Starting January 1st 2018, the state of California has started legal sales of cannabis products for recreational use. Tom Adams, Editor-in-Chief at Arcview Market Research and Principal Analyst at BDS Analytics explained, “Our data shows positive indicators across the board for the legal cannabis industry, in North America and around the globe. The passage of the 2016 ballot initiatives and continued maturation of the existing Adult-use markets are the primary drivers of the growth this year. That’s nothing compared to what we can expect in 2018 and beyond from Nevada’s tourism, and California and Canada planning to launch Adult-use sales in 2018.”

Global Payout, Inc. (OTC: GOHE) last week announced breaking news that, “its majority owned subsidiary, MoneyTrac Technology, Inc. (“MTRAC”, the “Company”), is completing the final steps and due diligence required for the launch of a Regulation D, Rule 506(c) security offering that will be centered around the Company’s MTRAC-Token. The Company anticipates leveraging this new token as a critical resource for “Banking the Unbankable” throughout the emerging multi-billion-dollar cannabis industry. This press release is expressly not being used for the purpose of conditioning the market for any of the securities offered (see disclaimer below).

Through the multiple strategic partnerships MTRAC has established in recent months with individuals and entities within the industries of cannabis, finance, compliance, and banking, the Company believes that it will be poised to launch its MTRAC-Token by the end of the first quarter of 2018. The Company also contends that that this security will provide those individuals designated as “accredited investors” with a unique opportunity to become involved with multiple evolving market sectors such as cannabis, blockchain technology, and cryptocurrency through their one investment into the MTRAC-Token.

Said MTRAC CEO, Vanessa Luna: “The MTRAC-Token is something that I truly believe will be first of its kind in the cannabis industry. With the way we are currently structuring this security offering, accredited investors who may have been reluctant to invest in something within the cannabis industry will be given a unique opportunity to pave the way to provide financial solutions for an underserved industry.”

In addition to the above, MTRAC will employ the expertise of Pegasus Fintech, Inc., an associated entity. Pegasus Fintech, Inc., with its new appointment of Diana Adachi, is continuously providing strategic direction and following through on their objective to provide a full-service blockchain technology and token accelerator that supports Regulatory Compliant Public Initial Blockchain Offerings (PIBCO).

MoneyTrac plans to announce future details on the specific offering in the future in compliance with regulatory disclosures.”

MassRoots, Inc. (OTCQB: MSRT) is one of the leading technology platforms for the regulated cannabis industry. On December 29, 2017, the company announced it has formed MassRoots Blockchain Technologies, Inc., a wholly-owned subsidiary of MassRoots, Inc. dedicated to developing blockchain-based solutions for the cannabis industry. Distributed ledger technology provides a greater degree of reliability and accuracy on the metadata associated with products — times, dates, locations, quantities — which have the potential to reduce friction in the cannabis market-place, save businesses valuable resources, and provide greater transparency to government regulators. “We believe blockchain has the potential to enable the cannabis industry to operate more efficiently and with a greater degree of accountability and transparency,” stated MassRoots Chief Executive Officer Isaac Dietrich. “MassRoots looks forward to being a pioneer in exploring blockchain-based solutions for the multi-billion dollar cannabis industry.”

Lexaria Bioscience Corp. (OTCQX: LXRP) has developed and out-licenses its disruptive delivery technology that promotes healthier ingestion methods, lower overall dosing and higher effectiveness of lipophilic active molecules. On January 25, 2018, the company announced it has entered a definitive technology licensing agreement with Cannfections Group Inc. whereby Lexaria is providing its patented DehydraTECH™ technology to empower next-generation performance in cannabis infused chocolates and candies to be developed and sold in Canada and internationally. Cannfections Group Inc. is an infused chocolate and gummies contract manufacturer that has been newly established by one of Canada’s leading chocolate companies with over eighty-five years of experience in producing high quality chocolate and confectionary products that meet the industry’s strictest quality requirements, as a pending entrant into the Licensed Producer program for cannabis infused products. Under the terms of the Agreement, Lexaria can offer other licensee partners the option of utilizing Cannfection’s formulation and manufacturing expertise to produce cannabis infused, DehydraTECH™-powered chocolates and gummies where approved.

United Cannabis Corporation (OTCQB: CNAB) is a biotechnology company dedicated to the development of phyto-therapeutic based products supported by patented technologies for the pharmaceutical, medical, and industrial markets. On February 1, 2018, the company announced that it has established a Limited Partnership between the Company, LASCO Manufacturing Limited (LASCO) and United Cannabis’ Jamaican Partner, Cannabinoid Research & Development Co. Ltd. LASCO, one of the leading dry blend beverage companies in Jamaica, reported revenue of $56.2 million in 2017, with products exported to 22 countries throughout the Caribbean, Central and South AmericaCanadaUnited Kingdom, and the United States. The Company also announced that it has signed an exclusive License Agreement with LASCO to produce the Company’s CBD water and other Bio Nutrient Medicinals in the form of Capsules, Sublinguals, Roll-ons, and Balms for the English-speaking Caribbean and Central America, excluding Mexico.

 Mountain High Acquisitions Corp. (OTCQB: MYHI) the company’s most recent milestones in its plan to provide turnkey infrastructure solutions to licensed cannabis growers and producers in highly promising cannabis markets such as CaliforniaWashingtonOregon and Arizona. On January 18, 2018 MYHI entered into an Advisory Agreement with Mr. Dirk Nansen of Bellingham, Washington, with effect from January 1, 2018. Pursuant to the Agreement, Mr. Nansen is required to identify opportunities in WashingtonOregon, and California through which MYHI can evaluate technologies and pursue the build out of infrastructure assets to be utilized for cannabis cultivation, extraction, or consumer product manufacturing.

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