Dutchess Capital Takes a Macro Look at the Cannabis Industry
Ryan Allway
November 19th, 2014
News, Top News
The cannabis industry is comprised of about 23.9 million individuals spending an average of $1,869 per year. In contrast, Dutchess Capital Research estimates the black market for cannabis to be approximately $45 billion in size, compared to the $2.5 billion legal cannabis market, leaving a significant gap to fill, according to a new report released by the group.
Click Here: Download the Full Dutchess Capital Research Report
So far, 24 jurisdictions have passed medical cannabis laws, which leaves 26 additional jurisdictions until full legalization. The cannabis industry will spend about $1.7 billion developing medical marijuana facilities over the next 18 months, despite the fact that most states haven’t started rolling out their programs. These facilities will produce at $980/pound and sell at $2,500+/pound.
These dynamics point to significant potential for publicly traded companies in the space. In the research report, Dutchess Capital highlights American Cannabis Company’s (OTC: AMMJ) role as a leading cannabis consulting firm, as well as a producer and distributor of proprietary products to the industry. Given its reach, the analyst sees the company as a bellwether of sorts for the entire industry.
While the company has limited liquidity and other risks in its early stages, the analyst believes that it has significant potential to generate high-margin recurring revenue with its consulting services, while these same clients provide inherent sales channel for their proprietary consumables. The industry’s strong growth could also help propel both of these segments higher over the long-term.
This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.
About Ryan Allway
Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.Disclaimer: Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.cannabisfn.com/legal-disclaimer/.
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