Exclusive Onsite CEO Interview with Lifestyle Delivery Systems: Up and Running in a $5 Billion Market
Ryan Allway
November 17th, 2017
Exclusive, News, Top News
There’s little doubt that the legalization of recreational marijuana in California will be a watershed moment for the North American cannabis industry. Despite the enormous opportunity, there are only a handful of public companies for investors to choose from when looking for exposure to the state’s burgeoning industry. Lifestyle Delivery Systems Inc. (CSE: LDS) (OTCQB: LDSYF) is one low-risk, high-reward opportunity to consider.
California’s Burgeoning Market
California voters approved Proposition 64 – or the Adult Use of Marijuana Act – last November to legalize the recreational use of marijuana. On November 9, 2016, California citizens gained the right to use and grow marijuana for personal use. On January 1, 2018, California will launch a scheme to tax and sell recreational marijuana statewide. This will mirror the recreational markets already in place in states like Colorado and Washington.
Also see: How Big is California’s Marijuana Market, Really?
New Frontier estimates that California’s cannabis industry will top $6.5 billion by 2020, making it the largest cannabis market in the world. Over the next three years, the analyst projects that annual legal cannabis sales will grow at a 23.1% compound annual growth rate from $2.8 billion in 2016 to $6.5 billion by 2020. These trends are driven by the state’s 39.2 million residents, which eclipse the six nearest legal marijuana states combined, as well as the approximately 251 million people who visit the state every year.
Since the state’s existing marijuana industry is largely unregulated, there is no empirical data providing accurate statistics regarding the number of nurseries, growers, manufacturers, and dispensaries. But a “back of the napkin” approach suggests that between 70% and 90% of these cannabis firms will either not be properly licensed or will not be able to provide a clear “chain of title” and some 80% of existing cannabis is contaminated with pesticides.
Growing Facility Up and Running
Lifestyle Delivery Systems Inc. (CSE: LDS) (OTCQB: LDSYF) aims to capitalize on these dynamics with its 20,000 sq. ft. facility located in Adelanto, CA (known as the “Green Zone”). After spending $6 million to retrofit and equip the facility, the operation is up and running with eight isogenic rooms, an agricultural nursery, a cultivation division, three distillation and extraction labs, and a manufacturing division for sublingual dissolvable strips (CannaStrips).
On October 31, the company announced that it began extraction and distillation of raw fresh frozen plant material for the purpose of conversion into medicinal cannabis products. An independent third party laboratory showed no trace amounts of pesticides, fungicides, mold, or infestation, while the fresh frozen whole plant material is designed to preserve the complex array of cannabinoids, terpenes, and flavonoids.
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.
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