CannaGrow Holdings Inc (CGRW)

[iamnottheone]

Cannagrow Holdings, Inc. (CGRW) Establishes Itself As a Leader In Colorado's Expanding Cannabis Industry

Cannagrow finds itself at the heart of an accelerating industry. The market for wholesale and retail cannabis grew to $1.3 billion in 2013 with the legalization of marijuana in Colorado at the end of the previous year, and that number is projected to double by the end of 2014, only to reach over $10 billion by 2018. Legalization amendments in Oregon, Alaska, and Washington D.C. all passed, allowing for the taxation and regulation of marijuana, and hence its legal sale; but even ballot measures that failed still made waves, such as Amendment 2 in largely conservative Florida, which would have granted the right to the use of medical marijuana and only failed by a miniscule 3% of the vote.