PALM BEACH, Florida, June 28, 2018 /PRNewswire/ --
Marketnewsupdates.com Market Commentary
Projections suggest cannabis will become a $50-billion industry over the next ten years. As politicians across North America warm to the idea of cannabis and its many benefits, companies across the continent are making preparations to accommodate the demand. In cannabis-friendly states like California a burgeoning industry has already begun to emerge. Companies such as Crop Infrastructure Corp. (OTC:CRXPF) (CSE:CROP) are working in cannabis-friendly states like California to establish greenhouses and other necessary infrastructure. With nearly 40-million citizens, California will become one of the largest cannabis industries on the continent. Competitors such as MPX Bioceutical Corp (OTC:MPXEF) (CSE:MPX), CV Sciences Inc (OTC:CVSI) , Organigram Holdings Inc (OTC:OGRMF) (TSX.V:OGI) and PotNetwork Holding Inc. (:POTN) also hope to gain the early adopter advantage in the market.
The Dawning Of A New Era In North American Cannabis
Political progress in both Canada and the United States has cannabis proponents enthusiastic about the future. Earlier this month President Trump indicated he was likely to support a bipartisan effort to ensure states have the right determine their own policies concerning cannabis, opening the door to California and nearly 40-million customers. "We're looking at it. But I probably will end up supporting that, yes," the President said of the proposed legislation. While federal restrictions have previously held back the cannabis industry, many investors have interpreted recent events as signs of a new era in North American cannabis. Growth is expected to occur in states like California, where cannabis is already legal at a state level.
Companies like Crop Infrastructure Corp. (OTCPK:CRXPF) (CSE:CROP) are positioning themselves to secure first-mover advantages across the industry. Crop's latest project is scheduled to be a 30,000 square foot facility in Humboldt County, California. Currently operational is the 10,000 sqft medicinal with an additional 20,000 recreational sqft of state-of-the-art design in development to leverage Crop's proprietary modular greenhouse technology. Crop Infrastructure Corp. experienced a yearly high of over $0.80 per share this April before dropping off due to concerns over America's drug policy, however, there is hope President Donald Trump could begin a new cannabis-friendly future.
California To Become Largest Cannabis Market in North America
In states like California where the cannabis industry is estimated to grow to over $5-billion in 2019, companies are already beginning to secure infrastructure and partnerships. The state boasts a population of close to 40-million people (more than Canada's entire population), meaning California represents one of the largest opportunities in North America. For companies like Crop Infrastructure Corp., demand for cutting-edge greenhouse and production technology is expected to drive the sector.
Companies with existing partnerships, technology, and infrastructure are expected to benefit most from further legal progress. For example, Crop Infrastructure Corp. (OTCPK:CRXPF) (CSE:CROP) is quietly making moves to facilitate investment and opportunity in the space. With greenhouses and investment properties across the United States, Crop Infrastructure Corp. is emerging as a cannabis leader across a number of cannabis-friendly states. For example, the company's greenhouse in Grant County, Washington boasts the most affordable electricity rates in the industry at only two cents per KWH, giving Crop Infrastructure Corp. a unique cost advantage in a competitive marketplace.
Cannabis Becoming A Global Marketplace
A recent study by Arcview Market Research suggests the North American cannabis market will expand from $9.2 billion to $47.3 billion over the next ten years, leaving the potential for rapid growth in the industry. Nine U.S. states have already legalized cannabis for recreational purposes, while another 22 have also approved cannabis for medical uses. This leaves a number of untapped markets ready for development by companies like Crop Infrastructure Corp. who have been shown a pattern of expanding into new U.S. markets.
Growth potential is one of the many reasons for optimism regarding North American cannabis companies positioned to take advantage of pending legal changes. Outside of the United States, companies like Crop Infrastructure Corp. continue to pursue new markets, including Europe where The Yield Growth Corp., a subsidiary of Crop Infrastructure Corp. has obtained European territory rights for cannabis wellness products. "CROP is at the forefront of the burgeoning Cannabis industry as it now seeks to move beyond the State of Washington and California with this deal as its entry into the European cannabis market," said President and CEO Penny Green. With economic experts everywhere projecting an unprecedented green rush, cannabis companies in the United States may begin to attract additional investor interest.
Leading Cannabis Companies
MPX Bioceutical Corp (OTCQB:MPXEF) (CSE:MPX) is a commercial producer of medical cannabis and pharma-grade products. Across North America, MPX Bioceutical Corp. has dozens of dispensaries, and there are more underway. In June of this year, MPX Bioceutical Corp. completed its acquisition of Canveda, a Canadian licensed cannabis producer. Moving forward, MPX Bioceutical Corp. is awaiting approval for a Canadian license.
CV Sciences Inc (OTCQB:CVSI) is a Nevada-based life science company, currently operating as two separate divisions. First, CV Sciences operates as a pharmaceutical company, one that is in the midst of creating a synthetically-formulated medicine that is cannabidiol-based. Second, CV Sciences operates as a consumer products company, delivering various cannabidiol products that enhance a person's quality of life.
Organigram Holdings Inc (OTCQB:OGRMF) (TSX.V:OGI) is a Canadian company that strives to continue the growth of the cannabis industry. Through its subsidiary, Organigram Holdings Inc. produces medical cannabis, as well as providing a multi-disciplinary approach to medical marijuana as an alternative medicine. In June of 2018 Organigram announced that Health Canada gave it an expanded Phase 3 cultivation license.
PotNetwork Holding Inc. (POTN) is a Los Angeles-based company focusing on the booming cannabis industry and related verticals. By acting as a holding company for its subsidiaries, Diamond CBD, First Capital Venture, PotNetwork Holding Inc. manufactures, distributes and sells a variety of cannabis-based products.
Cannabis Looking Towards A Legal Future
As political powers come to recognize the social and economic benefits of cannabis, companies across the industry are quietly making moves to best position themselves for a cannabis-friendly future. Companies with existing licenses, technology, and infrastructure are most likely to benefit from the removal of existing legal barriers to entry.
The potential for growth in the cannabis industry is unprecedented. Recreational cannabis is projected to become nearly a $50-billion industry over the next ten years, which will create a demand early adopters are best established to provide. For companies like Crop Infrastructure Corp. (OTC:CRXPF) (CSE:CROP), the scramble is on to secure market share before legalization spreads. These companies have a once-in-a-lifetime opportunity to gain control of this lucrative industry before others recognize how big the industry could be.
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