Technical420 is excited to announce that we have published our first comprehensive industry analysis report and it is available for purchase through Technical420’s store. The report is the first of its kind and anyone interested in the cannabis industry can benefit from it. The report provides you with an in depth look into the cannabis industry, its subsectors, and its constituents. It is over 100 pages long and it measures the entire cannabis industry, as well as the companies involved.
The 2016 presidential election is not too far away and one topic in particular is expected to generate significant attention during the race. That topic is marijuana. The marijuana industry has made significant strides over the last two years and this trend is expected to continue for years to come.
Two weeks ago, Technical420 published a report on Colorado’s 2014 marijuana sales. Colorado’s recreational marijuana program was a huge success during its first year and we expect to numbers increase year of year for years to come. During 2014, Colorado generated $700 million in revenue from the sale of marijuana and the state brought in $76 million in tax revenue. Last week, Colorado released a formal breakdown of how the revenue was generated.
A budding industry
The cannabis industry is the most rapidly developing industry in the United States. New companies sprout up every day, companies change their name and symbol on a regular basis, and mergers and acquisitions routinely occur. These types of corporate actions happen frequently and that makes it difficult for an investor to follow and understand what is going on in this industry.
Monday marked the first day of the much anticipated three week trial between Allard et al. v. Canada.
Background of the Medical Marijuana market in Canada
Investors are rarely presented with the opportunity to get in on the ground on floor of an industry poised to see incremental revenue growth for decades to come. The last time investors had this opportunity was during the tech boom, which created countless millionaires. Technical420 expects to see this happen again, but in the cannabis industry.
Representatives from Colorado and Oregon have introduced two bills that would legalize and tax marijuana at the federal level. If these bills are approved, they would effectively end the war against marijuana and serve as a catalyst for the cannabis industry.
Marijuana legalization has been a hot topic at both the state and federal level, and things are just getting started. 23 states and the District of Columbia have legalized medical marijuana, however, marijuana is still classified as a Schedule I substance. Technical420 believes that is only a matter of time until marijuana is legalized at the federal level and it would be impossible to halt the progress made over the last year. So what is going on at the federal and state level?
The United States cannabis industry has been one of the hottest places to invest over the last year; Canada, however, has not been too far behind. One the most important developments during 2014 was the implementation of the new federal medical marijuana program in Canada, Marihuana for Medical Purposes Regulations (MMPR).
During the gold rush most people did not make their fortunes mining for gold. The real winners during the gold rush were the people, like Samuel Brannan and Levi Strauss, selling the ancillary products to the gold miners (i.e. picks, shovels, clothing, etc.). There are many ancillary businesses are trying to capitalize on the green rush in Colorado. Today we are going to highlight some of the publicly traded cannabis companies focusing on the rapidly developing ancillary industry.