$DIRV The California cannabis market is expected to hit nearly $4 billion in 2018 sales, and increase to over $5 billion in 2019, according to a new report from Business Insider citing research by leading firm BDS Analytics. Management believes this demand-driven boom will foster enormous new infrastructure, including many more establishments similar to the Level 5 Custom Processing facility. With strict regulatory requirements in place necessitating capital spend on comprehensive security measures in all such facilities, the boom continues to represent a defining opportunity for the Company going forward.
Mr. Ralston continues, "We expect more deals like this to come our way because the space is growing at breakneck speed and all of these businesses have regulatory requirements to install and manage fully-secured facilities. We were already setting new Company sales growth records so far in 2018, and this should simply add fuel to the fire."
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