Research Indicates Cannabis Market Continues to Gain Popularity

A report by New Frontier Data in partnership with Arcview Market Research, indicates that the legalization of cannabis in California, Massachusetts, Nevada, Florida, Arkansas and North Dakota will result in new markets that will account for $7.1 billion in sales by 2020. The data estimates that the total U.S. cannabis market will surpass $20.9 billion by 2020. By segment, the medical cannabis market was worth $4.7 billion in 2016 and is expected to grow to $13.3 billion by 2025. Recreational cannabis sales during the same period are projected to grow at a 21 percent CAGR, from $1.9 billion to $10.9 billion. Global Payout, Inc. (OTC: GOHE), MassRoots, Inc. (OTC: MSRT), Mountain High Acquisitions Corp. (OTC: MYHI), Cannabis Science, Inc. (OTC: CBIS), GreenGro Technologies, Inc. (OTC: GRNH)

California’s new recreational cannabis laws went into effect on January 1st,

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