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NetworkNewsWire Editorial Coverage: The marijuana industry grew at a 30 percent annual rate from 2015-2016, with Arcview Market Research predicting a 25 percent compound annual growth rate through 2021. As large as it is diverse, the industry now serves 29 U.S. states and the District of Columbia, where marijuana has become legal for medicinal and/or … Continue reading “Innovative Payment Solutions Blossom in the Expanding Cannabis Industry”

NetworkNewsWire Editorial Coverage: The predictions for the cannabis industry are staggering. Statista predicts the market may exceed $37.3 billion by 2024. Meanwhile, Forbes estimated the $6.5 billion market in 2016 could grow to $30 billion by 2021, and Bloomberg predicts an increase to $50 billion by 2026. The market is being fueled by demand and … Continue reading “Cannabis Companies Cater to an Increasingly Large and Diverse Industry”

NetworkNewsWire Editorial Coverage: Proponents of legal cannabis celebrated a victory on July 27. By voice vote, the Senate Appropriations Committee approved a budget bill amendment that prevents the federal government from interfering in medical marijuana programs in states where cannabis has been legalized for medical use1. This event represents one more step forward as legal … Continue reading “Senate Appropriations Committee Action Adds Fuel to the Fire for Businesses in the Legal Cannabis Space”

NetworkNewsWire Editorial Coverage: Mounting research from around the world suggests marijuana’s potential to treat multiple medical conditions ranging from chronic pain to cancer, epilepsy, HIV/AIDS, anxiety and more.  Predicted to reach $55.8 billion by 2025(1), the global medical marijuana industry presents to investors a wide array of investment opportunities, driven by increasing demand for therapeutic … Continue reading “Investment Options in the Multi-Billion Dollar Medical Marijuana Industry”

NetworkNewsWire Editorial Coverage: The legal marijuana market continues to gain momentum, driven by increasing public acceptance and an increasing number of investors looking for viable opportunities on a crowded playing field. According to a recent Gallup poll1, 60 percent of Americans now support the legalization of marijuana. As the playing field continues to grow in … Continue reading “5 Standout Legal Cannabis Companies Worthy of Consideration”