Cannabis Imports From South America Projected to Bring New Revenues to US Cannabis Operations – PRNewswire

PALM BEACH, Florida, April 16, 2019 /PRNewswire/ — U.S. & Canadian cannabis companies are both getting ready to beat the other in a 21st century  ‘gold rush’ to the south one that the U.S. should eventually win due to a larger domestic consumer base. A cannabis industry news site recently turned its eyes to the south to South America and again, found itself staring north to Canada however, this bodes well for U.S. Cannabis operators. Just as most of the U.S. looks to California to see what is trending upwards on social and other scenes, American cannabis companies can follow the trail pioneered by their Canadian brethren and maybe even pass them in the race to revenues! Many South American countries have realized that they can kill two birds with one stone, by cultivating legal marijuana they are tearing down the illegal apparatus and bring revenues to the state and the people in return. According to a Forbes article Colombia and a growing number of South American countries are considered to have a favorable climate for growing marijuana year-round without the need of warehouses, high-powered sun lamps, and climate control. An ideal growing environment combined with the country’s robust cut-flower industry and indigenous marijuana strains has South American operations poised to dominate the world’s cannabis production. As the U.S. continues to deal with the conflict between state-legal marijuana markets and federal prohibition, Canada is clearly getting a jump on the growing international cannabis industry” but the Americans will be right behind and running fast. Active Companies from around the market with current developments this week include: Player’s Network, Inc. (OTC: PNTV), Marijuana Company of America, Inc. (OTC: MCOA), MedMen Enterprises Inc. (CSE: MMEN) (OTC: MMNFF), Planet 13 Holdings Inc. (CSE: PLTH) (OTC: PLNHF), Terra Tech Corp. (OTC: TRTC).

U.S. companies will also be looking

Read More Here...

Leave a Comment

Please Rate This Content*

Your email address will not be published. Required fields are marked *