Thursday, July 06, 2017 11:50:08 AM
The marijuana market in Nevada has exceeded all expectations since the sale of cannabis for recreational purposes generated $3M in just the first 3 days of July. MCIG's cannabis supply division was one of the first suppliers of state mandated packaging for dispensaries and grow facilities in Nevada. Prior to July 1st, MCIG's supply division built its sales team, product line and customer base, doubling its revenues (100% month over month) and building inventory in anticipation of the legal recreational market. Since this roll out in Nevada the supply division sales have increased 300%. Based on current positioning, only in the Nevada market, management anticipates revenue from the Supply Division to reach $2.5 - $3 million in the current fiscal year.
http://news.sys-con.com/node/4117145
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