Positive Federal Legislation Could Lead to Exponential Growth in Marijuana and CBD Industry

LAS VEGAS, May 2, 2018 /PRNewswire/ --

FN Media Group Presents Microcapspeculators.com News Commentary 

USA Today recently reported that "America's fast-growing marijuana industry appears poised for supercharged growth after winning what cannabis entrepreneurs see as approval from the current administration to forge ahead. "Across the nation, risk-takers have poured billions of dollars into the industry. Mentioned in today's commentary includes: NightFood Holdings, Inc. (OTC: NGTF), Kush Bottles, Inc. (OTC: KSHB), AbbVie, Inc. (NYSE: ABBV), Innovative Industrial Properties, Inc. (NYSE: IIPR), and Zynerba Pharmaceuticals, Inc. (NASDAQ: ZYNE).

They've built - largely unseen - a powerful network of businesses poised to take advantage of a more favorable federal climate. That industry has already woven itself into the fabric of the states where pot is legal, providing tens of thousands of jobs and generating billions of dollars in new tax revenues.

Experts say those numbers are now likely to rise rapidly thanks to the president's promised hands-off approach and support of some sort of federal solution.

"Every day we wake up and build this industry. And every day we do that, it's a little harder to shut it down," said Daniel Yi, a spokesman for the California-based marijuana powerhouse MedMen.

There's no denying America's love affair with marijuana is accelerating across the nation as voters loosen laws and grow increasingly comfortable with a drug that has been forbidden for generations. Today, more than 60% of Americans believe marijuana should be legal, double its popularity in 2000, according to a January 2018 poll by the Pew Research Center. That comes against a backdrop of contrasting studies that have offered little insight into how legalization is impacting youth use, stoned driving and border-state black markets."

Now let's take a look at a few companies that could benefit from positive marijuana legislation: NightFood Holdings, Inc. (OTC: NGTF), Kush Bottles, Inc. (OTCQB: KSHB), AbbVie, Inc. (NYSE: ABBV), Innovative Industrial Properties, Inc. (NYSE: IIPR), and Zynerba Pharmaceuticals, Inc. (NASDAQ: ZYNE).

NightFood Holdings, Inc. (OTC: NGTF)

Market Cap: $16.99M, current share price: $.4195 

NightFood Holdings, Inc. (NGTF), a brand development company pioneering the projected billion-dollar nighttime nutrition category and developing unique products in the marijuana/cannabis/CBD related snack space, recently announced that the Company has entered into its first licensing agreement as part of their plan to build a national brand of popular snacks under the powerful Half-Baked™ brand trademark.