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The estimates for the illegal marijuana trade in t

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Post# of 36729
Posted On: 04/15/2013 11:44:44 AM
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Posted By: HDOGTX
Re: Gotusucka #168

The estimates for the illegal marijuana trade in the US range from $10-150 billion anually. Keep in mind those estimates are based mostly on recreational "smoking" users of marijuana and do not include medical, textile and industrial application of marijuana or hemp. The medical industry for marijuana is potentially enormous. Cannabinoids, also known as CBDs, are currently being tested for a variety of medical applications including cancer cell reduction, autism treatment, pain treatment, and epilepsy. Each of these ailments individually are multi-$10 billion markets alone and should CBDs be found to treat several conditions, SKTO could see untold billions in revenue from medical applications. The social intoxicant application is another potentially enormous market for SKTO. The legal liquor industry is a $300 billion dollar market. Just a small part of that market share could lead to enormous revenue. As marijuana gains acceptance in US society, with several states considering similar recreational legalization passed by Colorado and Washington, an abundance of new customers enter the cannabis market. In all likelihood, new cannabis users will prefer to ingest edibles or drinks opposed to smoking. Marijuana tourism is another potentially large opportunity for the industry as the Emerald Triangle of California could become the Napa Valley of cannabis. Aside from medical and recreational applications, industrial applications of hemp are something that have long been denied the US as it is the only developed country currently banning the production of hemp. The very outlawing of hemp was the result of special interests acting to protect their investments in competitive materials.



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