Global Cannabis Industry Positioning to be World's Most Lucrative Sector

Financialnewsmedia.com News Commentary

PALM BEACH, Florida, May 8, 2019 /PRNewswire/ -- Over the past couple of years the increasing consumer demand for medical and legal recreational cannabis has been growing and more and more governments are steadily moving to full legalization. A report from the Green Fund stated: "The global cannabis market is thought to be worth USD$150 billion today. Barclays, in their European Consumer Staples Report in September 2018, suggests that this figure could increase to USD$272 billion by 2028. The UN estimates that approximately 3.9% of the global adult population, or 190 million people, are cannabis users (vs. 1 billion smokers). The highest prevalence of cannabis users was found to be from Europe, followed by the US and the Oceania Region. Although small, the Oceania Region is considered significant given its access to the Asia Pacific region." The report continued: "Despite the sharp divides in support for cannabis legalization, a few things are clear: public support for marijuana legalization continues to increase, the industry is already a multibillion-dollar juggernaut that looks primed for continued expansion, and there are clear potential medical benefits of cannabis. Active Companies from around the market with current developments this week include: Marijuana Company of America, Inc. (OTC:MCOA), Medical Marijuana, Inc. (OTCPK: MJNA), Kona Gold Solutions, Inc. (OTCPK: KGKG), Aleafia Health Inc. (TSX: ALEF) (OTCQX: ALEAF), Terra Tech Corp. (OTCQX: TRTC).

However, as global recognition of the benefits of medicinal cannabis increases, and the end of the 'prohibition era' for cannabis beckons, there is a burgeoning need for high-quality products with known components, cultivated at large scale for consistent, reliable supply to health users. It would be safe to say that the Cannabis industry will soon become the most lucrative and thriving industrial sector in the world. Cannabis cultivation has traditionally been a fragmented cottage industry with minimal quality standards.  

Marijuana Company of America, Inc. (OTCQB:MCOA) BREAKING NEWS: Marijuana Company of America, an innovative hemp and cannabis corporation, is pleased to announce that its wholly owned subsidiary, hempSMART, Ltd., is taking steps to list on the Vienna Stock Exchange (H Smart SARL), with the intention of raising sufficient capital to expedite the roll-out of its hempSMART product line in Europe.