- Company’s vertically integrated business model designed to support rapid growth and position investors at the forefront of cannabis and hemp innovation
- New LOI signed with Canada’s Global Hemp Group and Colorado’s Space Cowboys will provide MCOA with the ability to cultivate, process and distribute quality hemp-derived CBD containing no THC
- Comprehensive network affiliate marketing program aims to build customer loyalty and help capture significant market share
With the legal cannabis and hemp industries continuously growing, from product development and manufacturing to adjacent services, so is the competition, making it increasingly difficult for companies in the field to stand out, despite the size of the market and the rising demand. In this competitive market, companies such as Marijuana Company of America, Inc. (OTC: MCOA) are successfully carving out a niche for themselves due to a unique strategic approach and business model.
Now legal for medical or recreational use in 29 states and the District of Columbia, marijuana continues to be an attractive industry for investors, with sales of roughly $6.7 billion in 2016, according to Arcview Research (http://cnw.fm/m7yXK). The industry is expected to go over $22 billion by 2021, according to the same report. Other reports are a bit more conservative, with New Frontier Data research estimating the medicinal and recreational marijuana market to reach $18.37 billion by 2021 and $24.07 by 2025 (http://cnw.fm/cG0Dc). The hemp industry is also growing fast, with analysts expecting to see it rise from a market size of $688 million this year to a little over $1.8 billion by 2020, according to the Hemp Business Journal (http://cnw.fm/8rE3R). A large portion of the sales from this year were from hemp-derived CBD, with the sector recording $130 million in sales and growing at an aggregated growth rate of 53 percent, per the report.
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