Spending on Legal Cannabis Products Expected to Grow

According to data by Arcview Market Research, consumer spending on legal cannabis in North America is outpacing previous estimates. The report emphasizes that retail cannabis sales will grow 33% from 2016, to about $10 billion this year. The data published projects that by 2021 the legal cannabis market will reach a value of $24.5 billion and at a 28% compound annual growth rate (CAGR). Arcview also stated that according to BDS Analytics’ GreenEdge point-of-sale tracking service, the medical industry in California is already as big as the total markets in Colorado, Washington, and Oregon combined. Starting January 1st, California has started legal sales of cannabis products for recreational use. Koios Beverage Corp. (OTC: SNOVF), MYM Nutraceuticals Inc. (OTC: MYMMF), Organigram Holdings Inc. (OTC: OGRMF), MYM Nutraceuticals Inc. (OTC: MYMMF), ABcann Global Corporation (OTC: ABCCF)

In a report by Benzinga, Viridian Capital President

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