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Friday, April 18, 2014 6:22:25 PM
EGPI Firecreek, Inc. Announces a New Corporate Division to Serve the Medical Marijuana Industry
Posted on April 16, 2014
Scottsdale, ARIZONA — *[April 21st, 2014]* – EGPI Firecreek, Inc. ( OTCBB : EFIR ) –EGPI Firecreek, INC Announces a New Corporate Division to Serve the Medical Marijuana Industry
EGPI today has announced that it has entered the industry with a special focus on the medical marijuana sector. Shareholders and other interested parties are requested to request additional information by emailing info@egpimedical.com
Since 1996 twenty states and DC have passed laws legalizing Medical Marijuana and the list is growing. Currently, 13 additional states have similar legislation pending. EGPI is now in open discussions to explore all possible revenues streams within this industry.
The US national legal marijuana market value is now assessed at $1.44 billion, comprising all states that have active and open sales of cannabis to people legally allowed to possess it under state law. The national market is projected to grow 64 percent from current levels to $2.34 billion by 2015.
The five-year national market potential is $10.2 billion, which is more than a 700 percent increase above the current national market value. Gains will come in the form of increased demand in existing state markets, as well as from new state markets coming online within a five-year horizon.
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