Pack your bags...we going to COLORADO
As part of the first phase of the CBGI business plan, the Company will begin a strategic real estate acquisition, leasing, and management firm whose primary focus is on zoning issues. We acquire commercial property or land, and lease out the facilities for Agricultural, Industrial, Commercial and Retail, whether small or large scale clients.
CBGI plans to provide cutting edge facilities, solutions and services to the fast-growing cannabis industry in North America, with the goal of enhancing and improving current yields and quality. CBGI will not grow or dispense marijuana, pursuant to requirements under state and federal law. "The CannaBusiness Group, Inc plans to become a leader in what many believe will be a multi-billion dollar industry," stated The CannaBusiness Group, Inc CEO.
"As a public company, CBGI will have access to the capital markets necessary to fund the company's aggressive growth plans and we believe the opportunities are significant." Most industry experts believe the legal marijuana industry is poised to experience dynamic expansion. Twenty states plus the District of Columbia have now approved medical marijuana and eight others are expected to follow. Experts predict that the current growth trend will accelerate and that the regulated, domestic cannabis market could grow from $1.5 billion to $20 billion over the next five years.
Colorado voters first approved medical marijuana in 2000 and the state has been recognized as a national leader in the industry for over a decade. Under the provisions of recently passed Amendment 64, the Colorado market will be expanded in January 2014 to include adult, non-medical use. Marijuana revenues in Colorado are expected to triple in 2014, growing from $200 million to over $600 million, according to a study conducted by Colorado State University. The study did not include the potential sales from the expected 65 million tourists who will visit the state and may purchase marijuana. Many experts predict that other states will follow Colorado and Washington in enacting legislation or approving ballot measures that expand the permitted use of cannabis.
CBGI added that "We believe the state of Colorado will serve as a model in the regulated marijuana industry for other states going forward, and we pla