Jobs and Salaries in the Legal Cannabis Industry Continues to Grow
NEW YORK, September 25, 2018 /PRNewswire/ --
Data compiled by Mordor Intelligence suggests that the global cannabis market was valued at USD 7.7 Billion in 2016 and is projected to reach USD 65 Billion by 2023. The number of countries that will legalize the usage of cannabis for either medical use or recreational use continues to increase. In the U.S., 30 states had legalized medical cannabis, while recreational cannabis is legal in 9 U.S. states. Canada is expected to complete legalization of cannabis and become one of the major markets for cannabis. The report states that countries like Spain, Netherlands, and Italy are also anticipated to legalize cannabis for medical purposes in the near future. New Age Farm (OTC: NWGFF), MassRoots, Inc. (OTC: MSRT), GB Sciences, Inc. (OTC: GBLX), Future Farm Technologies Inc. (OTC: FFRMF), mCig, Inc. (OTC: MCIG)
According to another report from cannabis staffing agency Vangst, the number of cannabis jobs and average salary has increased rapidly in recent years due to the increasing legalization of cannabis. Growth in cannabis job listing had surged 690% since the beginning of 2017. While average salary of cannabis positions increased 16.1% between 2017 and 2018. The most hired positions in legal cannabis industry include director of extraction, director of cultivation, compliance manager, trimmer, budtender, dispensary store manager and outside sales representative. Director of cultivation had the largest annual salary range, which is between USD 45,000 to USD 250,500.
New Age Farm (OTC: NWGFF) is also listed on the Canadian Securities Exchange under the ticker (CSE: CROP). Yesterday, the Company announced that it, "has signed a letter of intent dated September 20, 2018 to fully acquire Drink Fresh Water LLC ("DFW"), a CBD infused beverage company. DFW, a California based CBD beverage company currently offers its flagship product "Fresh Water" which is a hemp derived CBD infused, nano amplified purified alkaline water. DFW's products can currently be found in over 100 retail stores across the nation and are additionally available for online purchase. According to the research company Brightfield Group, the global CBD market will top $22 billion in the next four years. This is attracting large investments from international beverage conglomerates looking to enter into the beverage sector of the industry.
Joshua Bartch, New Age Farm's Chief Executive Officer, stated: 'We feel this potential acquisition couldn't have come at a better time as beverage companies are currently soaring due to the huge upside potential in the space. The team at DFW have done an amazing job with the initial build, branding and overall concept of the company. We are looking to continue to build on their success as well as bring it to the next level.'
The company and DFW are working toward negotiating the terms of the acquisition.
For more information on DFW please visit their website at drinkfreshcbd.com [http://drinkfreshcbd.com ].
About New Age Farm: New Age Farm is an agricultural services company offering unique turnkey growing infrastructure and services for licensed growers and processors of luxury marijuana crops at its agri-campuses in Washington State. In November 2012, the Washington State Liquor and Cannabis Board ("WSLCB") passed Initiative 502 ("I-502"). I-502 authorized the WSLCB to regulate and tax recreational marijuana products for persons over twenty-one years of age and thereby created a new industry for the growing, processing and selling of Washington State-regulated recreational marijuana products. New Age Farm provides innovative solutions for growers and processors in this burgeoning industry."
MassRoots, Inc. (OTCQB: MSRT) is one of the leading technology platforms for the regulated cannabis industry. MassRoots, Inc. recently announced that it has launched its revamped dispensary portal, MassRoots for Business, accessible at business.massroots.com. Through this business portal, dispensaries are able to list locations on MassRoots' dispensary finder, update key information in real-time, and view insightful analytics on their local cannabis market. Subscriptions to MassRoots' business portal start at USD 420 per month, per dispensary location with a twelve-month minimum contract. According to New Frontier Data, there are currently 2,488 licensed dispensary locations in the United States. We believe that if MassRoots is able to engage several hundred in listing contracts, it could be a significant source of revenue and growth for the company. "We expect that subscriptions to MassRoots for Business will be our primary source of revenue this year," stated MassRoots' Chief Executive Officer Isaac Dietrich. "We believe our dispensary portal has the ability to drive a new source of traffic to our dispensary clients and empower them with insightful analytics to better run their business."
GB Sciences, Inc. (OTCQB: GBLX) is a diverse cannabis company, focused on standardized cultivation and production methods; as well as biopharmaceutical research and development. GB Sciences, Inc. has mobilized cannabis industry thought leaders to discuss both the immense potential for cannabis-based therapies and the challenges of delivering on their medical promise under state regulated programs at their fourth annual "Innovation in Medical Cannabis Therapies" symposium on November 9th at the "Keep Memory Alive" Event Center at the Cleveland Clinic's Lou Ruvo Center for Brain Health in Las Vegas, NV. "This event is dedicated to moving cannabis from alternative to mainstream medicine, and we are excited to welcome such a distinguished panel of speakers and guests," said Dr. Andrea Small-Howard, Chief Science Officer at GB Sciences. "Our symposium is an open discussion and a place for innovators to connect and break down the technical and societal barriers to cannabis as medicine."
Future Farm Technologies Inc. (OTCQB: FFRMF) is a Canadian company with holdings throughout North America including California, Massachusetts, Florida, Maine, Puerto Rico and Newfoundland. Future Farm Technologies Inc. recently announced that its partial subsidiary, NexTech AR Solutions and ARHT Media Inc., have signed a worldwide exclusive license agreement to bring ARHT's patented holographic display technology to the cannabis industry. According to Arcview Market Research, the North American cannabis market is estimated to grow from USD 9.2 Billion in 2017 to USD 47 Billion by 2027. With this level of growth, NextTech believes that this holographic technology is both needed and ready for cannabis market deployment. "Imagine walking into your local dispensary and being able to see a 3D, 8-foot image of a cannabis bud spinning around with a 360-degree view of every trichrome, every fiery orange hair, the sugary crystals, chunky knobs enveloped by tiny leaves, without any special glasses," commented Reuben Tozman, Chief Product Officer of NexTech. "With this proven holographic technology, we now can put 3D screens (with no glasses) into the cannabis market allowing cannabis brands to advertise as well as stream live events directly to its consumer bringing them closer to their favorite brand."
mCig, Inc. (OTCQB: MCIG), headquartered in Jacksonville, Florida, is a diversified company servicing the legal cannabis, hemp, and CBD markets via its lifestyle brands. The Company recently announced highlights of its year-end financial results as recorded in its recently filed Form 10K. The Company continues to maintain a strong balance sheet and significant cash position securing its ongoing operations. Net sales increased from USD 4.8 Million in 2017 to USD 7.1 Million in 2018. This represents a 66% increase in net sales - a figure that is in line with mCig's history of stable sales growth, and was driven primarily by mCig's cannabis supply and grow division. The Company also invested significantly in its own growth in 2018, partnering with the FarmOn!Foundation on a 40-acre hemp pilot project, NYAcres. The success of the pilot prompted mCig to expand this model into other states. In May 2018, the Company purchased land in California City and obtained licenses to grow, manufacture and distribute cannabis in the state of California, positioning itself as an early player in the recently legalized state.
Subscribe Now! Watch us report LIVE https://www.youtube.com/FinancialBuzzMedia
Follow us on Twitter for real time Financial News Updates: https://twitter.com/financialbuzz
Follow and talk to us on Instagram: https://www.instagram.com/financialbuzz
Facebook Like Us to receive live feeds: https://www.facebook.com/Financialbuzz
About FinancialBuzz.com
FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR dissemination, branding, marketing and advertising for third parties for corporate news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.
Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the 'Site') is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com does not offer any personal opinions, recommendations or bias commentary as we purely incorporate public market information along with financial and corporate news. FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform. For New Age Farm financial news dissemination, FinancialBuzz.com expects to be compensated five thousand dollars by the company. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this editorial or site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com will always disclose any compensation in securities or cash payments for financial news PR advertising. FinancialBuzz.com does not undertake to update any of the information on the editorial or Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on this editorial or Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this editorial and website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use, please visit: http://www.financialbuzz.com
For further information:
info@financialbuzz.com
+1-877-601-1879
Url: http://www.FinancialBuzz.com
SOURCE FinancialBuzz.com
