Rise of U.S. and Canadian Legal Cannabis Dispensaries Putting Major Strain on Inventory
n both Canada and the U.S., the number of retail stores and dispensaries has been exponentially growing since the end of 2018. The number of restrictive regulations is diminishing while the legalization process has opened more markets. Licenses for not only growers and production facilities is also on the rise, but the raw number of retail outlets and dispensaries seems to be actually outpacing the available supply of product needed to fill their shelves! A recent article in Forbes said: "2018 was a momentous year for cannabis advocates as Canada (legalized) recreational marijuana use. Canadians and cannabis companies alike eagerly awaited legalization, but the rollout hasn't been as smooth as they would have liked. The most pressing problem facing the country's legal weed market is the fact that, in the majority of provinces, suppliers are unable to meet demand, (leaving) many retailers with just a fraction of the promised products. In many areas, the supply shortage may last well into 2019. Active Companies from around the market with current developments this week include: Marijuana Company of America, Inc. (OTC:MCOA), PotNetwork Holdings, Inc. (OTC: POTN), Golden Leaf Holdings Ltd. (CSE: GLH) (OTC: GLDFF), Liberty Health Sciences Inc. (CSE: LHS) (OTC: LHSIF), CBD Unlimited, Inc. (OTC: EDXC).
PotNetwork Holdings, Inc. (OTCPK: POTN) Diamond CBD Inc. a wholly owned subsidiary of the company, and a leader in cutting-edge, hemp-derived CBD products continued to expand its presence in the over $130 billion wellness market as a result of its two-day attendance at the first-leg of the Europa Games Expo and Sporting Event, a nutrition, supplement, and apparel exhibition in Orlando, Florida from April 13 - 14. The Company successfully exhibited its lineup of CBD oils, CBD vapes, and CBD edibles to both athletes and attendees at the show, demonstrating the strength of its brand in a global wellness market that is predicted to grow at a CAGR of almost 10 percent through 2024.
Demand will be around for years to come!!!
MADLONG2029
