Legal Cannabis Projections Indicate Strong Growth

According to a report by Arcview Market Research, consumer spending on U.S. legal cannabis reached $6.7 billion in 2016, up 34 percent from $5 billion in 2015. North American legal cannabis spending is estimated to reach $22.6 billion in 2021. According to the report, the annual growth rate is expected to stay above 20 percent for years past 2021. As a result of the increase on consumer spending on legal cannabis, retail sales taxes increased by over $500 million in 2016 in Colorado, Washington and Oregon. Almost 1.9 million North Americans utilize legal cannabis to treat conditions such as chronic pain and polymorphic seizures, etc. Pivot Pharmaceuticals Inc. (OTC: PVOTF), GW Pharmaceuticals plc (NASDAQ: GWPH), Corbus Pharmaceuticals Holdings, Inc. (NASDAQ: CRBP), AXIM Biotechnologies, Inc. (OTC: AXIM), General Cannabis Corp. (OTC: CANN)

As legalization increases within the States, more Americans have

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