- MCOA is building a role in cannabis and hemp industry through strategic network
- Growing legal cannabis markets estimated to reach $37.3 billion by 2024
- Hemp market estimates foresee growth into the billions by 2020
Amid the drive of several states to put the legal framework for recreational marijuana use into place, Marijuana Company of America, Inc. (OTC: MCOA) is building upon its vertically integrated business strategy by taking a unique approach to how companies within the industry position themselves in the marketplace.
On January 1, recreational marijuana use will become legal in California (http://cnw.fm/xr0lW), which will complete the regulatory picture for cannabis use on the West Coast, since Washington, Oregon and Alaska legalized the drug earlier this year. Those states join others across the country, including Colorado, Nevada, Massachusetts and Maine, where recreational use is allowed or will be allowed by next year. Canada is also expected to legalize recreational use next year.
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