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HUNTINGTON BEACH, CA, Feb 25, 2014 (Marketwired via COMTEX) -- W Technologies, Inc. (pinksheets:WTCG) (www.wtechnologies.biz) announced today that its newly-signed Joint Venture Partner, 420 Innovations LLC, has acquired a Medical Marijuana Retail Dispensary operation with successful multi-year operations.

This acquisition, consisting of seven retail dispensaries and two home delivery services, which have been legal in the State of California since 2007, marks an enormous step for 420 Innovations LLC into the Medical Marijuana sector.

420 Innovations LLC points to current research predicting that 14 more states could legalize marijuana for recreational adult use in the next five years, creating a potential $10.2 billion cannabis market by 2018. Researchers surveyed hundreds of medical cannabis retailers, processors, dispensary owners and industry leaders over the course of six months during last year and estimated that more than $1.43 billion worth of legal marijuana was sold in 2013. The report also predicts that figure to grow by 64 percent to $2.34 billion this year. This study only takes into account the sale of cannabis itself, whether by wholesale to retailers or directly to consumers. The market for ancillary products, such as security equipment, growing tools, apps and equipment, has the potential to drive growth still further.


W Technologies, Inc. Joint Venture Partner, 420 Innovations LLC, Announces an Acquisition of a Medical Marijuana Retail Dispensary Operation
http://www.marketwatch.com/story/w-technologies-inc-joint-venture-partner-420-innovations-llc-announces-an-acquisition-of-a-medical-marijuana-retail-dispensary-operation-2014-02-25