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More PYTG news: Cannabis Growth Forecasts to Exceed Prior Projections
Financialnewsmedia.com News Commentary

NEWS PROVIDED BY

Financialnewsmedia.com
Feb 20, 2019, 08:30 ET

PALM BEACH, Florida, Feb. 20, 2019 /PRNewswire/ -- A recent update on the expected Canadian and U.S. cannabis markets sales, exceeds prior projections. An article on CNBC's website quoted Vivien Aze's recent update on the U.S. and Canadian markets. "We expect continued growth in newly established U.S. states, and more robust growth in Canada as more supply comes online," Cowen's Vivien Azer writes." CNBC called Azer: "Wall Street's top cannabis analyst" and quoted her as saying: "We expect continued growth in newly established U.S. states, and more robust growth in Canada as more supply comes online," Cowen's Vivien Azer writes." She believes that: "The U.S. market opportunity is valued at around $40 billion to $50 billion and expected to grow to $80 billion by 2030 assuming national availability, Azer adds. Her previous forecast for U.S. cannabis sales by 2030 was $75 billion. She continued" Cannabis represents a "opportunity" for big tobacco as more and more U.S. states join those that have already OK'd the adult recreational use of cannabis. Cowen looks to North Dakota, Louisiana and West Virginia to come online and highlights Ohio, Florida and Pennsylvania as additional key states to watch. Active Companies from around the market with current developments this week include: Pyramidion Technology Group, Inc. (OTC: PYTG), Canopy Growth Corporation (NYSE: CGC) (TSX:WEED), Aurora Cannabis Inc. (NYSE: ACB) (TSX:ACB), Leafbuyer Technologies, Inc. (OTC: LBUY), 1933 Industries Inc. (OTC: TGIFF) (CSE: TGIF).