Rapidly Expanding Market may Overlook Risk; Totally Hemp Crazy Analyst Brief Issued by BrokerBank Securities, Inc.
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NEW YORK, April 22, 2015 /PRNewswire/ -- According to Arc View Market Research, the market for legal marijuana is expected to reach $2.57 billion in sales for 2014, growing from $1.53 billion in 2013. This growth is expected to continue, with the market reaching $10.2 billion by 2018. Between 2009 and 2014, the cannabis industry grew 16.2% annually, and growth is expected to increase to 23.3% annually between 2014 and 2019. Cannabis is currently the fastest growing industry in the United States. If marijuana is legalized at the federal level, revenues for the legal cannabis industry could reach $35 billion by 2020 according to Greenwave Advisors. Currently, 23 states have legalized medical marijuana, and two states, Washington and Colorado, have legalized marijuana for recreational use. One company targeting the market for hemp-infused beverages and other legalized edible hemp products is Totally Crazy Hemp Inc.
Totally Hemp Crazy Inc. (OTC PINK: THCZ) is a manufacturer of "hemp infused" beverages. The company's beverages are marketed under the Rocky Mountain High Hemp label, and are distributed by Amazon.com and various other distributor networks. The company's initial beverages were Rocky Mountain High Hemp Energy Drink, Rocky Mountain High Hemp Iced Tea, and Rocky Mountain High Hemp Lemonade. The company's fourth product is scheduled to be released in May 2015.
An analyst report on THCZ that includes a company overview, market and competition breakdown, recent events, outlook, analyst summary and recommendation can be viewed by using the following link at no cost:
http://bit.ly/-THCZ--AnalystReport
Copy and paste to browser may be required.
This report was prepared for informational purposes only. Affiliated parties involved with producing and issuing this report have not been compensated in any form. A full disclaimer can be found by viewing the full analyst report.
FORWARD-LOOKING DISCLAIMER
This report may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of mentioned company to be materially different from the statements made herein.
COMPLIANCE PROCEDURE
Content is researched, written and reviewed on a best-effort basis. This document, article or report is written and authored by Caprock Research, Charles I. Reed, CFA. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below. We do not engage in high frequency trading.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
BrokerBank Securities, Inc. is a member of the Financial Industry Regulatory Authority, CRD number #130116.
SOURCE BrokerBank Securities, Inc.
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NEW YORK, April 22, 2015 /PRNewswire/ -- According to Arc View Market Research, the market for legal marijuana is expected to reach $2.57 billion in sales for 2014, growing from $1.53 billion in 2013. This growth is expected to continue, with the market reaching $10.2 billion by 2018. Between 2009 and 2014, the cannabis industry grew 16.2% annually, and growth is expected to increase to 23.3% annually between 2014 and 2019. Cannabis is currently the fastest growing industry in the United States. If marijuana is legalized at the federal level, revenues for the legal cannabis industry could reach $35 billion by 2020 according to Greenwave Advisors. Currently, 23 states have legalized medical marijuana, and two states, Washington and Colorado, have legalized marijuana for recreational use. One company targeting the market for hemp-infused beverages and other legalized edible hemp products is Totally Crazy Hemp Inc.
Totally Hemp Crazy Inc. (OTC PINK: THCZ) is a manufacturer of "hemp infused" beverages. The company's beverages are marketed under the Rocky Mountain High Hemp label, and are distributed by Amazon.com and various other distributor networks. The company's initial beverages were Rocky Mountain High Hemp Energy Drink, Rocky Mountain High Hemp Iced Tea, and Rocky Mountain High Hemp Lemonade. The company's fourth product is scheduled to be released in May 2015.
An analyst report on THCZ that includes a company overview, market and competition breakdown, recent events, outlook, analyst summary and recommendation can be viewed by using the following link at no cost:
http://bit.ly/-THCZ--AnalystReport
Copy and paste to browser may be required.
This report was prepared for informational purposes only. Affiliated parties involved with producing and issuing this report have not been compensated in any form. A full disclaimer can be found by viewing the full analyst report.
FORWARD-LOOKING DISCLAIMER
This report may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of mentioned company to be materially different from the statements made herein.
COMPLIANCE PROCEDURE
Content is researched, written and reviewed on a best-effort basis. This document, article or report is written and authored by Caprock Research, Charles I. Reed, CFA. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below. We do not engage in high frequency trading.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
BrokerBank Securities, Inc. is a member of the Financial Industry Regulatory Authority, CRD number #130116.
SOURCE BrokerBank Securities, Inc.
