CORAL GABLES, FL / ACCESSWIRE / February 16, 2016 / According to many reports, the legalized marijuana industry could be set to quadruple by 2020. The Motely Fool recently published an article that shows marijuana sales possibly hitting $6.7 billion this year, growing 25% over 2015. Growth between 2016 and 2020 resulting from continued state-level legalization efforts, is projected to grow at an average rate of 30% per year, resulting in an estimated $22 billion in legal sales by 2020. With so much anticipated growth, early stage entrepreneurs and organizations are setting up the framework for a successful "pre launch" of sorts to a national rollout.
Having the presidential election looming could either put a jolt of progress to these initiatives or it could even bring cannabis legalization to a crashing halt. Popular sentiment suggests the former, however and many public companies have opted to secure a foothold early on in this venture style market (in its current state). Companies like Hemp, Inc. (OTC: HEMP), FBEC Worldwide, Inc. (OTC: FBEC) and Green Hygienics Holdings Inc. (OTC: GRYN) have all targeted different sectors within this marketplace, which could pose stronger value propositions for investors during this period of uncapped growth potential.
Hemp, Inc. recently signed a consultant agreement with FutureLand Corp. via Hemp's subsidiary, The Industrial Hemp and Medical Marijuana Consulting Company, Inc. FutureLand is a provider of strategic real estate investment, grow facilities and material solutions to the cannabis industry as well as being publicly traded under the ticker symbol FUTL.
Cameron Cox, CEO of FutureLand Corp. was quoted in saying, "We are excited to team up with Hemp, Inc. Their vast pool of resources in the industrial hemp and medical marijuana industries are invaluable. We feel this new partnership between two well-known established leaders in our respective niches comes at a time when this industry is exploding with huge economic opportunities, so we are very excited to have Hemp, Inc. as our partner."
Likewise, FBEC Worldwide, Inc. has also been making several key announcements to its credit. Over the better part of the first 7 weeks of the year, not only has the company announced distribution of its WolfShot hemp energy shot product in 6 states across 500 stores, but FBEC has also solidified a national affiliate program for independent sales reps to sell WolfShot. Further to this, the company has filed the proper paperwork to commence its previously announced authorized share reduction plan. Currently FBEC has 5 billion shares that are authorized of which it has stated will be reduced to 2.2billion; a 56% reduction in shares.
"This has been a long time coming. There are a lot of moving parts and I am very proud to announce that the process to reduce the authorized shares in an effort to clean up our capital structure is in motion and moving ahead full steam," said CEO Jason Spatafora in a February 1st press release.
Green Hygienics Holdings Inc. has recently thrown its own hat into the ring for legal marijuana. In June of 2015, according to an 8K filing, the company entered into the construction and management of cannabis production facilities. According to Green Hygienics, the company's proprietary aeroponics growing system allows for its facilities to be completed at approximately half the cost of traditional construction methods while also producing double the yield as compared to peat based growing techniques. These facilities also allow growers the ability to have a mold and pest free environment for the highest quality medical grade marijuana production.
Being that marijuana needs a precise balance of light, moisture and water to thrive it is a very finicky crop but new technologies outside of the typical outdoor grow or even traditional green house grow have begun to come about as evidenced by GRYN. As the U.S. and more countries ease up their policies on both medical and recreational marijuana, the race is on by companies working to become the industry leaders in data-mining software, lamps with efficiency accessories and adequate irrigation systems.
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MAPH Enterprises LLC, which owns www.MarijuanaStocks.com, may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice. MAPH Enterprises LLC, which owns www.MarijuanaStocks.com, may be compensated for its services in the form of cash-based compensation or equity securities in the companies it writes about, or a combination of the two. MIDAM Ventures, LLC, an affiliate of MAPH Enterprises, LLC MarijuanaStocks.com | WolfofWeedStreet.com, was paid an advertising fee of $60,000 cash & 10,000,000 shares of restricted common stock by FBEC Worldwide Inc. (FBEC) for visual sponsorship by MarijuanaStocks.com | WolfofWeedStreet.com and for visual placement of FBEC Worldwide Inc. (FBEC) within written materials. FOR A DURATION OF 1 YEAR BEGINNING JUNE 2015 and ending JUNE 2016. Additionally, in his role as Chief Executive Officer of FBEC, Jason Spatafora is paid a base salary of $15,000 per month. FBEC is also issuing Mr. Spatafora 2,000,000 shares of restricted common stock of FBEC. Mr. Spatafora is a 33.33% owner of MAPH Enterprises LLC the company which owns MarijuanaStocks.com | WolfofWeedStreet.com
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