Mjna, -0.43% Researchers At Pharmacyte Biotech Inc.

In 2016, cannabis sales from black market accounted for about 87 percent of total sales, down from 90 percent in 2015, according to data from Arcview Market Research. Vinergy Resources Ltd. VNNYF, +19.11% (cse:VIN.CN), American Cannabis Green Rush Company Inc. (otcqb:AMMJ), Terra Tech Corporation (otcqx:TRTC), Medical Marijuana Inc. MJNA, -0.43% Researchers at PharmaCyte Biotech Inc. (otcqb:PMCB) Troy Dayton, CEO of Arcview Market Research, said in an interview with Business Insider earlier this month: “The enormous amount of existing, if illicit, consumer spending sets cannabis apart from most other major consumer-market investment opportunities throughout historythe cannabis industry doesn’t need to create demand for a new product or innovation – it just needs to move demand for an already widely-popular product into legal channels.” Earlier today Vinergy Resources Ltd. (otcqb:VNNYF) (cse:VIN.CN) announced that. “in conjunction with its proposed acquisition of MJ Biopharma (announced December 14, 2016) is pleased to announcethat it has signed a Letter of Intent (LOI) to acquire up to 51% of a European multinational plant breeding company (“Target”). The Target has audited annual sales in excess of CAD $14,000,000 and adjusted EBITDA of over CAD $2,000,000.

To read more visit http://www.marketwatch.com/story/financialbuzzcom-supply-of-legal-cannabis-market-grows-in-north-america-2017-02-02

Comments are closed.