US Medical Marijuana Sales could top $1.5B in 2013, Cannabis Revenues Could Quadruple by 2018
FOLSOM, CA, April 17, 2013 /PRNewswire/ - Anything Technologies Media, Inc. (Pink Sheets: EXMT) today announced that the company is shifting its focus to the exploding Medical Marijuana opportunity in 2013 and beyond. The company will still continue to do manufacturing for a wide variety of media and other products, but looks to devote most of its efforts to the Marijuana Industry.
According to MMJ Business Daily retail medical cannabis sales in the United States could hit an estimated $1.3 billion-$1.5 billion in 2013, growing 10-15% from last year as the industry recovers from widespread turmoil.
The long-term future appears even brighter: The legalization of marijuana for adult use in Colorado and Washington - coupled with the emergence of several new markets and continued overall growth on the medical side - could boost overall state-legal cannabis sales to $3 billion in 2014 and $6 billion by 2018.
ATM with its acquisition of R-Quest Hydroponics and joint venture with Whole Earth Systems looks to acquire more companies that support the Medical Marijuana industry. The company is currently negotiating to acquire a fertilizer company to supply growers in the medical marijuana industry.
Dozens of MMJ centers are on track to open in Arizona - generating tens of millions of dollars in revenues this year - while states such as New Jersey, Rhode Island and Vermont as well as Washington DC are moving forward with their dispensary programs. The Colorado, Oregon and Washington State markets also are expected to grow, and there could be an MMJ revival in several California cities such as San Diego and San Francisco.
In 2014, the emergence of cannabis retail stores in Colorado and Washington could generate roughly $1 billion in state-legal cannabis sales during the first full year of operation. The markets will eventually be much bigger, but it could take time for the recreational marijuana industry in those two states to reach its near-term potential, in part because officials might look to prevent rapid growth (Colorado and Washington are still crafting regulations). Several other states are expected to pass medical or recreational cannabis laws this year, which will further fuel growth in 2014.
R-Quest Hydroponics, Inc., is a Hardware and Software Manufacturing Company with its headquarters in Placerville, California. R-Quest Hydroponics, Inc has developed the new Environmental Master Controller EMC-5000 system, which is able to provide constant management for grow room facilities for indoor gardens. The EMC-5000 was developed so that growers can rest easy with the confidence that their crop is in excellent hands. The EMC-5000 is able to regulate and control all aspects of an indoor grow system, including Light cycles to optimize growth, Fans, Nutrient pumps, and CO2 level controls to help manage grow rooms. To see more information on the EMC-5000 go to www.r-questhydro.com .
ABOUT ANYTHING TECHNOLOGIES MEDIA INC.
Anything Technologies Media Inc., www.anythingtechnologiesmedia.com is a Multi-Media Digital applications, production and marketing Company. ATM will be the parent company of subsidiary Corporations, each with their own professional management team with extensive backgrounds in finance, new technologies, manufacturing, marketing and distribution. ATM's goal is to combine the expertise of our team members to create a cohesive force, which will carry the company forward in the marketplace to a preeminent position through revenue sharing and acquisitions.
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including, without limitation, the future press releases of ATM.
SOURCE Anything Technologies Media Inc.