Demand for legal marijuana continues to increase as new markets open and existing markets expand.
One of the biggest beneficiaries of the legal marijuana movement will be the companies that provide lab testing services for marijuana cultivators and dispensaries. The United States is in the middle of a marijuana revolution and 29 states and the District of Columbia having legalized medical marijuana.
The United States legal marijuana market is in the middle of major growth cycle with 29 states and the District of Columbia having legalized medical marijuana.
Nevada recently became the fifth state to have an active recreational marijuana market and the state has seen a major spike in demand for legal marijuana.
Demand for Legal Marijuana Continues to Grow
On July 1st, Nevada became the fifth state in the United States to implement a legal recreational marijuana program and the state is current facing a shortage of product.
Demand for legal marijuana continues to increase and this has created countless opportunities for ancillary businesses. From security solutions to cultivation technology, there are a lot of needs in the marijuana industry that businesses can satisfy.
Signal Bay, Inc. (SGBY) filed its quarterly financial results for the period that ended on June 30th. Signal Bay consists of three business units and it provides advisory, management and analytical testing services to the legal cannabis industry.