Red White & Bloom Brands Inc C.RWB

Red White & Bloom Brands Inc. is a Canada-based multi-jurisdictional cannabis operator and house of premium brands operating in the United States, Canada and select international jurisdictions. The Company is predominantly focusing its investments on major United States markets, including Arizona, California, Florida, Missouri, Michigan, and Ohio. The Company's segments include Distribution, Licensing, Retail, Corporate and Other. The Distribution segment cultivates, manufactures, processes and/or distributes Company branded cannabis and non-cannabis products directly to licensed retailers. The Licensing segment owns intellectual property associated with its Platinum Vape and Platinum trademarks and brands, that are engaged in the sale of non-THC branded products which are incorporated in licensed Company cannabis product offerings. The Retail segment sells both Company and third party branded and non-branded cannabis products and accessories to the adult-use and medical use markets.

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Red White & Bloom Brands Inc

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Post by moneynorthboundon Jan 21, 2021 4:19pm

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Post# 32351332

RWB LET'S GET UPDATED ON THE ENVIRONMENT

“Tuesday’s upcoming election represents a major potential catalyst to the U.S. cannabis industry!” Wall Street investment bank Cowen noted in a research update.

Adult-use marijuana legalization referendums in New Jersey and Arizona headline an election that has the potential to create new state cannabis markets that together could generate more than $2.5 billion in annual sales within a few years.

In Arizona, projected first year sales are between $375-$400 million while projected 2024 sales are between $700-$760 million. If passed, existing cannabis operators would automatically win entry into the adult-use market, the state would award 26 social equity licenses, and retail marijuana sales would face a 16% tax.

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