When it comes to the cannabis boom, there are no shortages of bulls.
Analysts at Cowen say the U.S. cannabis market could rocket to $16 billion by 2025.
Arcview Market Research and BDS Analytics say the worldwide market could hit $57 billion by 2027. In the U.S. alone, North American cannabis sales could reach $47.3 billion just over the next decade as well, they note.
That excitement is already creating sizable opportunities for companies such as Lifestyle Delivery Systems Inc. (CSE:LDS)(OTC:LDSYF), Cresco Labs Inc. (CSE:CL)(OTC:CRLBF), and Green Organic Dutchman Holdings Ltd. (OTC:TGODF)(TSX:TGOD).
Lifestyle Delivery Systems Inc. (LDS)(LDSYF) just announced that its wholly-owned subsidiary CSPA Group, Inc. has completed the initial packaging of the fourth generation of CBD CannaStrips for the California market.
The packaged CBD CannaStrips will now be sent to an independent laboratory for California State testing. This is the final requirement on all manufactured cannabis products before they are eligible for distribution and sale. The latest formulation has improved taste and faster bio-availability. The completed CBD version is a 10mg CBD strip with less than 2% THC. All of the CBD versions will have a full spectrum of Cannabinoids, Terpenes and Flavonoids to promote all possible entourage effects.
“This product has been long awaited and is possibly the most significant product of the LDS mission for customers looking for safe contaminant-free cannabis products without the issues of smoking or ingesting cannabis,” said CEO Brad Eckenweiler. “We developed CannaStrips in the hope that cannabinoids could help reduce cancer treatment symptoms without smoking or ingesting cannabis in its harshest forms. The CannaStrips delivery system accomplishes this objective seamlessly without offending or affecting others, discreetly, quickly, and tastefully.”
For More Information on Lifestyle Delivery Systems Inc., Click Here.
Cresco Labs Inc. (CL)(CRLBF) is betting big on the California cannabis market with a C$1.1 billion acquisition of Origin House. The deal will create a premiere distribution company that will serve the largest cannabis market in the world, California.
“[The deal] establishes Cresco Labs as the leading multi-state operator with one of the largest distribution platforms in California, which is projected to be a $7.7 billion cannabis market in 2022 by Arcview Market Research/BDS Analytics,” said Cresco Chief Executive and Co-founder Charlie Bachtel, as quoted by MarketWatch. “Following the closing of this acquisition, Cresco brands will be in over 725 dispensaries across the country, giving us the largest and most strategic distribution footprint of any cannabis company in the United States.”
For More Information on Cresco Labs Inc., Clic4k Here.
The Green Organic Dutchman Holdings Ltd. (TGOD)(TGODF) recently launched a patient and consumer website focused on providing “the ultimate cannabis experience for consumers," said Andrew Pollock, Vice President, Marketing of TGOD. "A website is the first point of contact for most consumers. Those consumers have many choices with respect to their cannabis brands, and it is critical that TGOD provide them with the ultimate experience. With respect to navigation, content and shopability, we believe we have the absolute best website in the cannabis industry today."
For More Information on The Green Organic Dutchman Holdings Ltd., Click Here.
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