NEW YORK, November 27, 2018 /PRNewswire/ --
According to data compiled by Imarc Group, the North American legal cannabis market was valued at more than USD 8 Billion in 2017. The market is projected to reach USD 35 Billion by 2023 as
well as grow at a CAGR of 28% during the forecast period, from 2018 to 2023. The cannabis market is rapidly growing due to the
rising acceptance for both medical and recreational purposes. Now, more and more states within the U.S. are beginning to legalize
cannabis for both medical and recreational purposes, creating a diverse industry. Primarily, the medical segment remains the
largest in the market because of its versatility in treatment. Cannabis is widely used to treat conditions such as chronic pain,
cancer, migraine and arthritis. Although the U.S. has only 34 states, including the District of
Columbia, that have legalized cannabis for medical use, the U.S. alone contributes to nearly 90% of global cannabis sales.
Now, even though Canada already legalized cannabis entirely, U.S. markets are still projected to
continue their domination of the industry. Additionally, it is still projected to hold the largest market value despite
Canada having legalized cannabis few months ago. Global Payout, Inc. (OTC: GOHE), GB Sciences,
Inc. (OTC: GBLX), mCig, Inc. (OTC: MCIG), MassRoots, Inc. (OTC: MSRT), Golden Leaf Holdings Ltd. (OTC: GLDFF)
Recently, Michigan, Missouri and Utah were the latest states to approve the legalization of cannabis during the U.S.'s November midterm
election. Missouri and Utah only legalized medical usage, while
Michigan approved recreational use. According to the Boston Globe, citing Marijuana Business
Daily, Michigan sales are expected to begin in 2020 and generate upwards of USD 1.7 Billion in revenue. Michigan could potentially join states like
California, Colorado and Washington that already drive in billions of dollars in revenue annually. Adding three more states is yet
another huge milestone for the U.S., allowing even more consumers to have access to cannabis. "Adding two more states with
medicinal marijuana would mean almost 70% of Americans could have access to the drug for that purpose. Some in the industry see
federal legalization of medical marijuana as the best path to ending prohibition in the U.S., which has held big banks and
institutional investors on the sidelines," said Bloomberg reporters Kristine Owram and
Craig Giammona.
Global Payout, Inc. (OTC: GOHE) yesterday announced that they, "are expanding into 3 new states with the signing of two
new clients, both national brands that are two of the largest cannabis companies in the U.S.
'We strive to work with companies whose goals and principles are aligned with the core values of our company,' said
Vanessa Luna, CEO of MTrac. 'We are solving some of the biggest financial challenges facing the
industry, and I believe that a shared vision and key relationships with leading companies provides us with an opportunity to
truly set a gold standard. With the deployment of our compliant and transparent payment processing and management system, we are
solving the problems and addressing the risks associated with cash-heavy operations, while maximizing our value positions and
enhancing customer/patient experience with secure and efficient transactions.'
MTrac's two new clients are adding 10 dispensaries to its platform with another 15 projected to come aboard before year end,
and both companies are looking to add about 50 more dispensaries to their rapidly growing organizations in 2019. 'With these new
locations in Arizona, Maryland, and Pennsylvania, we are expanding our operational footprint to six states,' said Ms. Luna. 'Our organizational
infrastructure and streamlined processes are allowing our company to rapidly scale with a steadily growing pipeline of new
clients. Our team's main focus is to continue working with industry leaders and to produce revenue on a much larger scale, with
our eyes on mass market adoption.'
About Global Payout, Inc: From 2014 to 2017 Global focused on identifying new state of the art technologies in a variety of
industry sectors and successfully helped launch MoneyTrac Technology Inc. and other companies within the FinTech space. In 2018,
Global completed a reverse triangular merger with MoneyTrac Technology Inc. resulting in Global retaining the wholly owned
subsidiary, MTrac Tech Corporation. Global's current focus is continuing to identify new business opportunities while it
reorganizes its future business endeavors."
GB Sciences, Inc. (OTCQB: GBLX) is a diverse cannabis company, focused on standardized cultivation and production
methods; as well as biopharmaceutical research and development. GB Sciences, Inc. recently announced the harvesting of its first
hemp crop in association with the Colorado Hemp Project. Following closely on the overall philosophy and strategy of the Company,
hemp is planned to provide both a reliable source of hard to find cannabinoids and terpenes necessary to manufacture
cannabis-based medical formulations and also provide a fresh revenue source through the sale of bulk hemp oil and other hemp
related products. "This is GB's first outdoor hemp crop that we created as a genetic test lab project to produce scalable and
economically viable supplies of minor cannabinoids for both medical and recreational purposes," stated Dr. Andrea Small-Howard, Chief Science Officer at GB Sciences. "It would not have been possible without The
Colorado Hemp Project. Besides providing unique genetics for GB Sciences to explore, they also sourced the land, the farmers and
the production resources necessary to take the project from seed to sale. This was an incredible experience and paints a bright
future for this relationship moving forward. We can't wait to begin expanding the program next growing season. We plan on
developing a lot of unique strains that will support all of our efforts to maximize the benefits of hemp as a source of novel
compounds. Exciting times."
mCig, Inc. (OTCQB: MCIG), headquartered in Jacksonville, Florida, is a diversified
company servicing the legal cannabis, hemp, and CBD markets via its lifestyle brands. mCig, Inc. recently announced its first
hemp harvest is expected to be completed by the end of the week. Once the plants have dried, the buds will be stripped, bagged,
and prepared for ethanol extraction. The development of high-output ethanol extraction equipment will allow the company to keep
processing costs to a minimum. mCig will keep some of the plants to process for its own needs, including its new pet line, Artax,
and its forthcoming pain cream. The remainder of the crop will be sold. Chief Executive Officer of mCig, Paul Rosenberg, states: "The New York farm has now proven to be a viable
revenue stream for the company. The farm has the ability to produce plants that pass inspection and can be successfully
harvested. We are looking forward to our next planting in March 2019, which will expand our harvest
to 120 acres."
MassRoots, Inc. (OTCQB: MSRT) is one of the leading technology platforms for the regulated cannabis industry.
MassRoots, Inc. recently announced that its recently launched rewards program for cannabis consumers, WeedPass, has on-boarded
more than 50 participating dispensaries. WeedPass customers have already earned more than 650 tickets for sporting events and
festivals, such as Reggae on Rt. 66, driving more than USD 45,000 in sales to participating
dispensaries. WeedPass is currently available in the California and Colorado markets, and the Company intends to expand the program to every state which has a regulated
cannabis market. "We plan to continuously expand our dispensary footprint and consumer reach, in addition to the variety of
rewards listed on our platform. We expect this to drive more consumers and purchasing volume to our dispensary clients," stated
Isaac Dietrich, MassRoots' Chief Executive Officer. "We believe WeedPass's unique structure can
drive significant purchasing volume to the thousands of dispensaries across the United States by
offering compelling rewards for mainstream cannabis consumers."
Golden Leaf Holdings Ltd. (OTCQB: GLDFF) is a Canadian company with operations in multiple jurisdictions including
Oregon, Nevada and Canada,
with cultivation, production and retail operations built around recognized brands. Golden Leaf Holdings Ltd. recently announced
the launch of its edible product line of cannabis infused fruit chews to the Nevada market under
the "Golden" brand. In Nevada, the Company currently sells a range of ethanol-extract
distillate, oils and distillate blends under the Golden Private Stash, RSO-Go and Jackpot brands. Currently, our products are
sold wholesale in approximately 40 percent of dispensaries in Nevada. The Company's Fruit Chews
were launched in Oregon in March 2018 under the Golden brand with
resounding success. Launching in Nevada is a natural extension of the Company's strategy to
complement its existing offerings of extract product. Fruit chews aim to help the Company's customers to balance life's highs and
lows. The four bold fruit chews being introduced feature clean cannabis distillate with real fruit and restorative ingredients.
"Our launch in Oregon resonated well with our customers. We are expanding on that and offering
the same consistent, wholesome line of edibles to our Nevada customers. The cannabis marketplace
continues to grow and the population of cannabis consumers continues to expand. This continues to be an opportunity to engage and
connect with our customers who prefer to consume cannabis through non-smoking methods," said William
Simpson, Chief Executive Officer of Golden Leaf Holdings.
Subscribe Now! Watch us report LIVE https://www.youtube.com/FinancialBuzzMedia
Follow us on Twitter for real time Financial News Updates: https://twitter.com/financialbuzz
Follow and talk to us on Instagram: https://www.instagram.com/financialbuzz
Facebook Like Us to receive live feeds: https://www.facebook.com/Financialbuzz/
About FinancialBuzz.com
FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News,
Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company
Interviews. A pioneer in the financially driven digital space, video production and integration of social media,
FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR dissemination,
branding, marketing and advertising for third parties for corporate news and original content through our unique media platform
that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial
Publications.
Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not
undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the 'Site') is either original financial news or paid advertisements provided
[exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into
media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials
for advertising such companies. We are not an independent news media provider and therefore do not represent or warrant that the
information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting
high quality and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com
does not offer any personal opinions, recommendations or bias commentary as we purely incorporate public market information along
with financial and corporate news. FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our
unique financial newswire and media platform. For global payout inc. financial and corporate news dissemination,
FinancialBuzz.com has been compensated four thousand dollars by meridian ventures. Our fees may be
either a flat cash sum or negotiated number of securities of the companies featured on this editorial or site, or a combination
thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on
or near the conclusion of the engagement. FinancialBuzz.com will always disclose any compensation in securities or cash payments
for financial news PR advertising. FinancialBuzz.com does not undertake to update any of the information on the editorial or Site
or continue to post information about any companies the information contained herein is not intended to be used as the basis for
investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is
not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for
any gains or losses that result from the opinions expressed on this editorial or Site, company profiles, quotations or in other
materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of
their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance,
and financial condition. FinancialBuzz.com. By accessing this editorial and website and any pages thereof, you agree to be bound
by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com
constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment
strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is
solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives,
other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and
legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless
of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be
reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use, please
visit: http://www.financialbuzz.com.
For further information:
Media Contact: info@financialbuzz.com
+1-877-601-1879
Url: http://www.FinancialBuzz.com
SOURCE FinancialBuzz.com