Blue Diamond Ventures Inc (BLDV)

[PersianMeow]

July 1 marked the premiere of legal cannabis for adult use in Nevada. In just four days, over $3 million in sales was generated. The demand was so high that the dispensaries ran out of weed, forcing the Republican governor to endorse emergency measures that would help put more pot on the shelves for the eager masses.

One thing is clear from the situation in Nevada — there is a staggering demand for weed by Americans, and it is being grossly underestimated. In 2016 alone there was an unprecedented 30 percent increase in sales across the continent, resulting in about $7 billion in sales throughout the U.S. and Canada. That doesn’t include the massive amount of money being made on the black market — over $46 billion.

With such a tremendous demand, there is enormous potential for exponential new job growth and significant tax revenue, once cannabis is legalized nationwide.

Colorado’s public education system has received more than $65 million in funding over the last two years — all thanks to marijuana. Nevada is expected to pull in $30 million in revenue by the end of the year; 15 percent of that will be going directly to the state’s education budget.

About 75 percent of startup canna-businesses break even within one year, despite the immense challenges and obstacles cannabis companies face every day. Since it is proving to be such an incredibly profitable industry, investments are pouring in, thus creating significant American employment opportunities as well.

The legal marijuana industry employed over 100,000 Americans as of July 2016, and that number has surely risen in the year since. A New Frontier Data report projects that the cannabis industry will create more than a quarter-million jobs in the U.S. by 2020.


The uncertainty on where the administration stands is, understandably, making many people in the industry uneasy. Nearly 75 percent of publicly traded companies related to cannabis considered Trump’s election a risk factor for their businesses.

http://thehill.com/blogs/pundits-blog/healthcare/348443-mr-president-back-off-our-weed-profits-are-high

According to Arcview Market Research’s latest report, national growth in the legal cannabis market is going great, with no signs of slowing down. Sales are surging, demand is strong and by 2020, legal market sales are expected to surpass $22 billion and possibly reach twice that amount.

Analysts at Viridian Capital Advisors, a group of Wall Street analysts and bankers who focus on the money side of weed, maintain a cannabis stock index. For 2016 (through December 9), it’s up 175.3 percent.

And if you think 2016 growth is impressive, it was nothing compared to 2014 where the annual gain was 383.5 percent.

https://hightimes.com/business/10-largest-marijuana-companies-raking-in-huge-profits/


The marijuana business is a bright spot in an otherwise gloomy retail sector.

According to the 2016 Marijuana Factbook, a store that sells either medical or recreational pot earns on average $974 per square foot in revenue, topping Whole Foods, whose 431 stores earn an average of $930 per square foot (h/t Quartz), and traditional department stores such as Macy's, which earn an average of $180 per square foot.

https://www.cbsnews.com/news/how-profitable-are-pot-shops-youd-be-surprised/


The industry is only expected to grow in 2016, particularly if California voters this fall decide to legalize recreational use, according to the newly released 4th Edition State of Legal Marijuana Markets Report from from ArcView Market Research and New Frontier, a cannabis-focused data-analysis firm. Much of the increase is attributed to adult use market sales, which hit $1.3 billion last year. By 2020, adult use and medical marijuana sales are expected to reach nearly $23 billion, triple this year.

https://www.usatoday.com/story/money/business/2016/03/20/legal-marijuana-sales-forecast-hit-23b-4-years/82046018/