PMCM Marijuana Market Overview:
1) Link: http://www.cnbc.com/id/101314084
How legal marijuana could be the next great American industry:
In a new analysis on the marijuana marketplace, San Francisco-based angel investor network ArcView Group forecasts a 64 percent surge in the legal U.S. cannabis market to $2.34 billion by 2014. The five-year national market could grow to $10.2 billion amid rising demand and potentially new state markets, according to ArcView forecasts.
Supporters of legalized marijuana are pushing for ballot measures in Alaska and California.
"There's been a remarkable evolution in the cannabis industry," said Steve Berg, editor at ArcView Market Research. ArcView offers start-up funds to cannabis businesses. "While certain people do still smoke joints, many other formats used are constituting an increasing portion of the market," Berg said.
New marijuana ingestion methods beyond smoking are helping.
2) Stock in marijuana companies skyrocket after Colorado sells $1 mil on first day.
Marijuana related business booming:
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Link: www.weedmedia.us/
The topic of Medical or Legalized Marijuana in the United States has become a main stream conversation. With new possibilities growing daily, there is virtually an entire industry coming out of a vegitative state and starting to flower. Hundreds of new companies each year are finding a new niche in the industry to call home. Are you the next big one? |
