Medical Marijuana Equipment Supplier Stands Out from the Crowd: Analyst Report by CapRock Research and Issued by Small Cap IR
NEW YORK, Jan. 7, 2015 /PRNewswire/ -- Surna Inc. (OTCQB: SRNA) analyst report issued by Small Cap IR - According to Arc View Market Research, the market for legal marijuana is expected to reach $2.57 billion in sales for 2014, growing from $1.53 billion in 2013. This growth is expected to continue, with the market reaching $10.2 billion by 2018. Between 2009 and 2014, the cannabis industry grew 16.2% annually, and growth is expected to increase to 23.3% annually between 2014 and 2019. Cannabis is currently the fastest growing industry in the United States. If marijuana is legalized at the federal level, revenues for the legal cannabis industry could reach $35 billion by 2020 according to Greenwave Advisors. Currently, 23 states have legalized medical marijuana, and two states, Washington and Colorado, have legalized marijuana for recreational use. One company targeting the market for ancillary products for legalized marijuana cultivation is Surna Inc.
Surna Inc. is an engineering and manufacturing firm that develops, acquires, produces and sells disruptive technology with a current focus on the legal marijuana industry. Surna acquires scalable operating companies in the cannabis sector and expands them by incorporating its proprietary grow technology and comprehensive support systems. The Company represents a "pure play" on explosive growth in the cannabis industry, while being agnostic as to the escalating proliferation of regulated, commodity cannabis growers and sellers.
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