NEW YORK, April 17, 2015 /PRNewswire/ -- Over the next five years, the marijuana industry in the U.S. is expected to continue to grow, with ArcView predicting that 14 more states will legalize recreational marijuana and two more states will legalize medical marijuana. The U.S. market for legal cannabis grew 74 percent in 2014 to $2.7 billion, up from $1.5 billion in 2013. Analysts project the market could grow more than fourfold to $11 billion in the next five years, assuming more states soften their stance on marijuana.
Cannabiz Mobile Inc. (OTCBB: LGBI) is a mobile media and digital marketing company specializing in servicing businesses in the medical marijuana and legal cannabis industry. It markets a mobile media platform that utilizes digital media and traditional media such as print, radio and television to help businesses build customer databases via text/sms opt-ins through keyword/shortcode combinations. The company also has a subscription based mobile and digital media solution that enables care-givers, dispensaries, hydroponic and ancillary product retailers the ability to create, deploy and analytically measure mobile marketing campaigns. Cannabiz Mobile Inc. is based in Cambridge Massachusetts.
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