NEW YORK , June 20, 2017 /PRNewswire/ -- New da
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Posted On: 06/20/2017 9:04:46 AM
NEW YORK , June 20, 2017 /PRNewswire/ --
New data published by Verify Markets shows that the wholesale legal cannabis market in the U.S was valued at $210.7 million in 2016. Increased legalization efforts at the 2016 election in November resulted in more states approving cannabis legislation in some form, i.e., medical or recreational. Recreational initiatives were approved in California , Massachusetts , Nevada , and Maine while medical marijuana was legalized in Arkansas , Florida , and North Dakota . The report indicates that the market is expected to grow at a compound annual growth rate (CAGR) of 29.5 percent for the forecast period 2016 to 2021 with revenues anticipated to reach $768.7 million by 2021. SinglePoint, Inc. (OTC: SING), BitCoin Capital (OTC: BITCF), Players Network (OTC: PNTV), Mentor Capital Inc. (OTC: MNTR), Terra Tech Corp. (OTC: TRTC).
A report by Arcview Market Research shows that Americans have changed their views significantly over the years. Polls show that 80% of Americans approve of legal access to medical cannabis and 60% approve of full adult-use legalization. Arcview points out that such level of agreement is rare on any policy issue and it's allowing elected officials across the political spectrum to start to move past the stigma previously associated with this issue. In addition, the report states that the biggest political win of the U.S. election came in California ; the state that pioneered the modern cannabis policy reform movement in 1996 when voters passed Proposition 215, the Compassionate Care Act. Californians voted overwhelmingly in 2016 to make adult-use legal in a state that represents the world's sixth-largest economy.
Players Network (OTCQB: PNTV) is a diversified company operating in media and cannabis markets. PNTV owns approximately 85% of Green Leaf Farms Holdings, LLC ( Green Leaf Farms ), which holds cultivation and production license(s) awarded by the state of Nevada. Recently, the company announced they are strengthening its senior management and corporate governance, naming Nevada Assistant Controller, Geoffrey Lawrence as the Company's Chief Financial Officer and Chief Compliance Officer, effective July 1, 2017. Leveraging his immense experience managing large organizations, such as the State of Nevada , Lawrence will establish and manage the regulatory plan as PNTV expands its marijuana seed-to-sale operations in additional states and grows its license portfolio.
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New data published by Verify Markets shows that the wholesale legal cannabis market in the U.S was valued at $210.7 million in 2016. Increased legalization efforts at the 2016 election in November resulted in more states approving cannabis legislation in some form, i.e., medical or recreational. Recreational initiatives were approved in California , Massachusetts , Nevada , and Maine while medical marijuana was legalized in Arkansas , Florida , and North Dakota . The report indicates that the market is expected to grow at a compound annual growth rate (CAGR) of 29.5 percent for the forecast period 2016 to 2021 with revenues anticipated to reach $768.7 million by 2021. SinglePoint, Inc. (OTC: SING), BitCoin Capital (OTC: BITCF), Players Network (OTC: PNTV), Mentor Capital Inc. (OTC: MNTR), Terra Tech Corp. (OTC: TRTC).
A report by Arcview Market Research shows that Americans have changed their views significantly over the years. Polls show that 80% of Americans approve of legal access to medical cannabis and 60% approve of full adult-use legalization. Arcview points out that such level of agreement is rare on any policy issue and it's allowing elected officials across the political spectrum to start to move past the stigma previously associated with this issue. In addition, the report states that the biggest political win of the U.S. election came in California ; the state that pioneered the modern cannabis policy reform movement in 1996 when voters passed Proposition 215, the Compassionate Care Act. Californians voted overwhelmingly in 2016 to make adult-use legal in a state that represents the world's sixth-largest economy.
Players Network (OTCQB: PNTV) is a diversified company operating in media and cannabis markets. PNTV owns approximately 85% of Green Leaf Farms Holdings, LLC ( Green Leaf Farms ), which holds cultivation and production license(s) awarded by the state of Nevada. Recently, the company announced they are strengthening its senior management and corporate governance, naming Nevada Assistant Controller, Geoffrey Lawrence as the Company's Chief Financial Officer and Chief Compliance Officer, effective July 1, 2017. Leveraging his immense experience managing large organizations, such as the State of Nevada , Lawrence will establish and manage the regulatory plan as PNTV expands its marijuana seed-to-sale operations in additional states and grows its license portfolio.
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