High Hopes for the Legal Cannabis Industry

NEW YORK, January 20, 2017 /PRNewswire/ --

http://www.Financialbuzz.com - There are concerns that the newly elected presidential administration may slow down the progress in which the legal cannabis industry has made in recent years. From a financial standpoint however, analysts are projecting positive developments. The cannabis industry has shown strength in growing sales year to year. According to a recent research report published by the ArcView Group, legal cannabis sales in the U.S. last year reached $6.7 billion, a growth of 30 percent from 2015. Sales are projected to increase to $20.2 billion by the year 2021 representing a 25 percent compound annual growth rate. GrowGeneration Corp. (OTC: GRWG), Cannabis Sativa Inc. (OTC: CBDS), Terra Tech Corporation (OTC: TRTC), Surna Inc. (OTC: SRNA), Kush Bottles Inc. (OTC: KSHB).

In an interview with Forbes, Arcview's editor-in-chief Tom Adams said that, "the only consumer industry categories I've seen reach $5 billion in annual spending and then post anything like 25% compound annual growth in the next five years are cable television (19%) in the 1990's and the broadband internet (29%) in the 2000's." ArcView Chief Executive Officer Troy Dayton added, "One of the biggest stories was the alternative forms of ingestion… Concentrates and edibles are becoming customer favorites versus traditional smoking."  

GrowGeneration Corp. (OTCQB: GRWG) one of the largest specialty retail hydroponic and organic gardening store chains, selling to both the commercial and home cannabis markets, earlier this morning announced that, "its Las Vegas store officially opened its doors on January 17^th. GrowGen separately announced that it is one of 11 companies recently added to MJIC's Marijuana Index. GrowGen's 11^th store, located at 5885 South Valley View Blvd., Las Vegas, NV 89118, is a 10,000 sq ft store, will serve a wide range of small, medium and large scale commercial growers. Conveniently located minutes from the Las Vegas strip, we believe GrowGeneration Las Vegas is one of the largest hydroponic stores in the Nevada market.

GrowGeneration Corp. Addition to MJIC Marijuana Index - The United States Marijuana Index tracks the leading public cannabis companies operating in the United States. The index is equal-weighted and rebalanced quarterly. The North American Marijuana Index now has 28 constituents, and the U.S. Marijuana Index and the Canadian Marijuana Index have 17 constituents and 11 constituents, respectively. The Marijuana Index includes companies that have achieved a weighted average minimum market capitalization of $30 million USD, daily trading volume of $400,000 USD and share price of $0.10 USD. Companies with more than $5 million USD of revenue over the prior year are exempt from the above trading requirements. Grow Generation's revenue production in 2016 qualified it for inclusion in the Marijuana Index.

Darren Lampert, Co-Founder and CEO, said: "The addition to the MJIC Marijuana Index is another validation of GrowGeneration's rapid growth and market position as a leading supplier of equipment and grow supplies to the cannabis and indoor cultivation industry.  With 11 stores and counting, we are excited to open the doors of our Las Vegas store and for the trajectory of GrowGen's growth to be tracked in the leading index of public cannabis companies. Executing and opening our GrowGen Las Vegas operation, furthers our business plan to aggressively expand our store footprint in all adult use markets."  

In addition earlier in the week, GrowGeneration Corp. announced a partnership together with New Frontier Data, a company specializes in real time business intelligence for the cannabis industry. The two companies will "provide cultivators in the sector with the necessary data to help them better understand where their time, resources, and money should be spent to best align with product demand and maximize profitability at a critical time in this growing sector."

New Frontier CEO and Founder, Giadha Aguirre De Carcer, said in a statement, "Everyone in this industry is looking for that extra edge to take their business to the next level. As the state markets mature and the industry is becoming more competitive, especially for growers. Cultivators who do not properly understand their business, operating environment, and customers' wants will find it increasingly difficult to remain competitive, let alone profitable. GrowGen's vast data processed through our big data engine and made actionable by our analytics will help GrowGen to provide cultivators with the competitive edge they need to succeed in the changing cannabis space."

Cannabis Sativa Inc. (OTCQB: CBDS) was awarded Patent PP27,475 for a Cannabis Plant, known as the Ecuadorian Sativa (CTA). This is one of the few cannabis strains allowed by the United States Patent & Trademark Office and was the outcome of seven years of legal effort. Cannabis Sativa plans to market or license the patented strain using the names "Ecuadorian Sativa" and CTA. The stance of the USPTO on whether Cannabis Sativa will be awarded the trademark Ecuadorian Sativa or CTA, or if it is obscure in the patent is the quandary. The Company's President David Tobias said, "This is a major accomplishment and is a tribute to the foresight and perseverance of management to solidify Cannabis Sativa's contribution to the maturing Cannabis industry."

Cannabis-focused agriculture company, Terra Tech Corporation (OTCQX: TRTC) operates through two segments: Hydroponic Produce and Cannabis Products. The Company, through its subsidiary, GrowOp Technology Ltd., is engaged in the design, marketing and sale of hydroponic equipment. It is also a retail seller of locally grown hydroponic produce, herbs, and floral products through its subsidiary, Edible Garden Corporation. It intends to operate medical marijuana cultivation, production and dispensary facilities in Nevada through its subsidiaries, MediFarm, MediFarm I MediFarm II. Through its subsidiary, IVXX, Inc., it produces and sells a line of cannabis flowers and cigarettes, among others. The hydroponic produce segment consists of Edible Garden's business and operations.

Surna Inc. (OTCQB: SRNA) manufactures innovative technology and products that address the energy and resource intensive nature of indoor cultivation. Surna's current focus lies in supplying industrial solutions to commercial indoor cannabis cultivation facilities and had developed a liquid-cooled climate control platform. The company's engineers continuously seek to produce technologies that allow growers to easily meet the highly specific demands of a cannabis cultivation environment through temperature, humidity, light and process control.

Kush Bottles Inc. (OTCQB: KSHB) is a California-based company, with the goal of assisting entrepreneurs who want to enter the cannabis industry, overcoming the many barriers to entry. Kush Bottles markets and sells packaging products and solutions to customers operating in the regulated medical and recreational cannabis industries. The Company specializes in the wholesale distribution of packaging supplies and customized branding solutions for the cannabis industry. Its packaging business primarily consists of bottles, bags, tubes, and containers. It has built itself a first-mover advantage by providing cannabis enterprises across the U.S. with market expertise, proper branding and high-quality packaging that satisfies the stringent requirements of the law.

Please SIGN UP NOW at http://www.FinancialBuzz.com To Receive Alerts on Trending Financial News from all these companies. "The Latest Buzz in Financial News"

Subscribe Now! Watch us report from NYSE https://www.youtube.com/FinancialBuzzMedia

Follow us on Twitter for real time Financial News Updates: https://twitter.com/financialbuzz

Follow and talk to us on Instagram: https://www.instagram.com/financialbuzz

Facebook Like Us to receive live feeds: https://www.facebook.com/Financialbuzz/

About FinancialBuzz.com  

FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR branding, marketing and advertising for third parties for disseminating news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.

Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the "Site") is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and PR marketing firm enters into service agreements with the companies which are the subject to the articles posted on the Site for advertising such companies. Financialbuzz.com has been compensated a total of nine thousand dollars for financial news dissemination and pr services directly from growgeneration corp. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality and sophisticated content on this site along with other financial news PR media services. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com agreed to a four-month financial news dissemination and PR services agreement for ten thousand restricted shares and twenty thousand warrants directly from Biotricity Inc. FinancialBuzz.com does not undertake to update any of the information on the Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on the Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use. Please visit: http://www.financialbuzz.com

For further information: 
Media Contact: [email protected] , +1-877-601-1879 

Url: http://www.FinancialBuzz.com 

SOURCE FinancialBuzz.com