Every Investor who have put money in CGrowth Capital should read this to understand the potential of the company. These are facts no fixtion.
In less than two weeks, the cannabis industry will take a significant step forward as nine states vote on legal cannabis ballot initiatives. Of those nine states, none are more significant than California which is poised to expand the legal recreational marijuana market to almost a quarter of the American population.
We expect to see Proposition 64 which would legalize recreational cannabis in California pass as polls continue to show strong support. The passage of this ballot initiative would not only have a significant impact on the landscape of the legal cannabis industry but would also serve as a major catalyst to American -based cannabis businesses.
The Fastest Growing Industry in the World
In 2015, California accounted for $2.7 billion in sales of medical cannabis product. If Proposition 64 passes, the medical and recreational cannabis market should be a $6.5 billion industry by 2020. The Guardian expects to see $1.6 billion in sales of recreational cannabis products in the first year of legalization.
From an investor standpoint, there are several ways to capitalize on this opportunity but the best and easiest avenue is through investing in publicly traded companies. Although the cannabis sector continues to fly high, we believe that several high-quality publicly traded cannabis companies are still flying under the radar.
