According to Grand View Research, the global legal cannabis market had a value of $9.3 Billion in 2016. Furthermore, the market is anticipated to grow at a 34.6% CAGR during the forecast period from 2018 to 2025. The market is beginning to see widespread legalization which has started to take place in several countries and the growing demand for medical and recreational marijuana usage.
At present, the market is divided into medical and recreational segments. The medical segment captivates the industry, accounting for 80.3% of the revenue in 2016, which will continue to help the market throughout the forecast period. Medical cannabis treats many conditions such as multiple sclerosis, cancer-induced nausea, and chronic pain. Countries have realized the beneficial side effects of cannabis, which have led to many legalizing medical usage, while some continue to study the effects. Aurora Cannabis Inc. ACBFF, Terra Tech Corp. TRTC, iAnthus Capital Holdings, Inc. ITHUF, and General Cannabis Corp. CANN.
Aurora Cannabis Inc. (otcqx: ACBFF), headquartered in Edmonton, Alberta, Canada with funded capacity in excess of 570,000 kg per year and sales and operations in 14 countries across five continents, is one of the world’s largest and leading cannabis companies. Aurora Cannabis Inc. recently announced that it has acquired Europe’s largest producer, processor, and supplier of certified organic hemp and hemp products, Agropro UAB, as well as hemp processor and distributor Borela UAB. Post-acquisition, Aurora intends to extract, refine and productize the organic hemp biomass into a wide range of organic CBD-based wellness products to generate new and significant revenue streams in this burgeoning market. With increasing recognition of the medical and general health benefits of CBD-based products, Aurora continues executing on a CBD-focused strategy that covers the entire value chain, from supply, through genetics research and clinical trials, to product development and distribution to various domestic and international markets across five continents. “Agropro’s position as Europe’s leading producer of premium organic hemp along with the significant and previously unutilized CBD production from the large quantities of currently discarded biomass, makes this an accretive acquisition and one that positions Aurora well to become a global leader in organic CBD-based wellness products,” said Terry Booth, Chief Executive Officer.
Terra Tech Corp. (TRTC) operates through multiple subsidiary businesses including Blüm, IVXX Inc., Edible Garden, and MediFarm LLC. Terra Tech Corp. recently announced that it has partnered with the Valiente Group, a beverage production company that specializes in cannabis infusion, to produce a line of cannabis-infused beverages under the IVXX brand. The Company, through the partnership, is currently developing a range of non-alcoholic, cannabis-infused beverages, including ‘champagne’, ‘apple cider’, lemonade ‘margarita’ mix, zero calorie lemon lime soda and cherry lime sparkling water. The infusion technology will be powered by SORSE branded technology, a product of Tarukino Holdings, a patent-pending Emulsion process which leaves beverages without oily residues and without cannabis flavor. The Company is simultaneously developing a single shot flavorless, odorless 5 milligrams and 10-milligram shot that can be added to any beverage or craft cocktail for at-home infusion. “Our relationship with the Valiente Group will enable our initial entrance into the cannabis-infused, non-alcoholic beverage market, which is among the least crowded segments in the adult-use cannabis industry and presents a tremendous first-mover opportunity for Terra Tech,” Derek Peterson, Chief Executive Officer of Terra Tech, stated. “The build-out of our Dyer Road facility will serve the growing demand for cannabis-infused beverages in the California Market and, in the future, we expect it to enable distribution to other markets, including Nevada.”
iAnthus Capital Holdings, Inc. (ITHUF) owns and operates best-in-class licensed cannabis cultivation, processing, and dispensary facilities throughout the United States, providing investors diversified exposure to the U.S. regulated cannabis industry. iAnthus Capital Holdings, Inc. recently provided the following summary of updates to inform shareholders and stakeholders of developments and achievements at GrowHealthy, the Company’s Florida medical marijuana operation that was acquired earlier this year. “As we prepare to open the first of our Florida dispensaries, we have made significant investments to upgrade our Lake Wales cultivation facility to quickly scale production and meet the expected demand,” said Carlos Perea, Chief Operating Officer at iAnthus. “This expansion puts GrowHealthy in an excellent position to capitalize on the explosive growth in the Florida medical marijuana market and become one of the state’s preeminent providers of medicinal cannabis products.”
General Cannabis Corp. (CANN) is the comprehensive national resource for the highest-quality service providers available to the regulated cannabis industry. As the legal cannabis industry grows throughout the United States, the industry’s leading service provider, General Cannabis Corp. recently announced it is expanding its presence on the East Coast with the opening of a New York office. “Given our growing list of East Coast clients and the steps that states like Massachusetts and New Jersey have taken toward launching adult-use sales, this is the ideal time for General Cannabis to further invest and establish itself in the region,” said Michael Feinsod, Executive Chairman of the Board for General Cannabis. “The growth potential for the market in this region is unparalleled. An East Coast office is perfectly suited to cater to this territory as General Cannabis continues to expand its presence nationwide. We plan on expanding our security, operations and marketing segments aggressively throughout the East Coast. In addition, we will be utilizing this office to expand and enhance our corporate, marketing and mergers and acquisitions teams.”
