A new report from a business intelligence firm, New Frontier Data, projects the creation of more than a quarter of a million jobs related to cannabis growing and sales for American workers across the U.S. by 2020. According to the report, the legal cannabis market was worth an estimated $7.2 billion in 2016 and is projected to grow at a compound annual rate of 17%. Medical cannabis sales alone are projected to grow from $4.7 billion in 2016 to $13.3 billion in 2020. Adult recreational sales are estimated to jump from $2.6 billion in 2016 to $11.2 billion by 2020.
According to Giadha Aguirre De Carcer, Founder and CEO of New Frontier Date,”These numbers confirm that cannabis is a major economic driver and job-creation engine for the U.S. economy,” Aguirre De Carcer said, “While we see a potential drop in total number of U.S. jobs created in 2017, as reported by Kiplinger, as well as an overall expected drop in GDP growth, the cannabis industry continues to be a positive contributing factor to growth at a time of potential decline. We expect the cannabis industry’s growth to be slowed down to some degree in the next three to five years, however with projected total market sales to exceed $24 billion by 2025, and the possibility of almost 300,000 jobs by 2020, it remains a positive economic force in the U.S.“
Greengro Technologies (OTC: GRNH) is a world class provider of eco-friendly green technologies with specific domain expertise in indoor and outdoor agricultural science systems serving both the consumer and commercial farming markets. It brings together community and commerce through the growth and distribution of healthy, nutritious foods and vital medicines backed by science and technology. Customers include restaurants, community gardens, small-l and large-scale commercial clients. Greengro Technologies also provides design, construction and maintenance services to large grow and cultivation operations and collectives in the medical and recreational marijuana sectors.
Greengro’s Glass Greenhouse Franchise Model is designed for businesses in the CEA field, specifically commercial hydroponic vertical farms that use precision control systems to protect crops from environmental elements and enable year-round production of high quality, locally grown produce.
Notice and Disclaimer:
The content of this message is published by Publicwire LLC. It contains stock alerts, ideas and/or featured stock reports which are intended to be educational in nature, NOT investment recommendations. Please do your own research before investing. It is crucial that you at least look at current SEC filings and read the latest press releases. Information contained in this report was extracted from current documents filed with the SEC, company web sites and other publicly available sources deemed reliable. This document contains forward-looking statements, particularly as related to the business plans of a Company, within themeaning of Section 27A of the Securities Act of 1933 and Sections 21E of the Securities Exchange Act of 1934, and are subject to the safe harbor created by these sections. Actual results may differ materially from a Company’s expectations and estimates. Feature stock alerts, trading ideas and Reports may, from time-to-time, be advertisements. The purpose of advertising, like any advertising, is to provide coverage and awareness for companies. The information provided in this advertisement is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country. This report is an advertisement. Publicwire has been compensated in cash for services rendered (including this email) by a third party and/or the company. Publicwire does not accept any form of stock (free trading stock, restricted stock, stock options, stock warrants) as payment for its digital investor relations services. The information set forth herein was obtained from sources believed to be reliable, but Publicwire, does not guarantee its accuracy or completeness.
For further information on this company, please email Publicwire at ddonlin@publicwire.com
All Rights Reserved – Publicwire LLC is not a Registered Broker/Dealer or Financial Advisor, nor do we hold ourselves out to be. All materials presented on our web site and individual reports released to the public through this web site, e-mail or any other means of transmission are not to be regarded as investment advice and are only for informative purposes. Before making a purchase or sale of any securities featured on our web site or mentioned in our reports, we strongly encourage and recommend consultation with a registered securities representative. This is not to be construed as a solicitation or recommendation to buy or sell securities. As with any stock, companies we select as picks or stocks we profile involve a high degree of investment risk and volatility. Particularly Nano-Caps, Micro-Caps, Small-Caps, OTCBB and PINKSHEET stocks; but also risky are stock that trade within the broader markets, including the NYSE, AMEX, NASDAQ and other stock U.S and foreign exchanges. All investors are cautioned that they may lose all or a portion of their investment if they decide to make a purchase in any of our profiled companies. Past performance of our profiled stocks is not indicative of future results. The accuracy or completeness of the information on our web site or within our reports is only as reliable as the sources they were obtained from. The profile and opinions expressed herein are expressed as of the date the profile is posted on site and are subject to change without notice. No investor should assume that reliance on the views, opinions or recommendations contained herein will produce profitable results. Publicwire may or may not hold positions in securities mentioned herein, and may make purchases or sales in such securities featured on our web site or within our reports. In order to be in full compliance with the Securities Act of 1933, Section 17(b), Publicwire will disclose in it’s disclaimer’s) what, if any compensation was received for our efforts in researching, presenting and disseminating information to our subscriber database, recording and publishing of Reports in the paragraph above. Information presented on our web site and within our reports contains “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be “forward looking statements.” Forward looking statements are based on expectations, estimates and projections atthe time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through the use of words such as “expects””, “will,” “anticipates,” “estimates, “believes,” or that by statements indicating certain actions “may,” “could,” or “might” occur.
Forward Looking Statements
Publicwire content contained here include forward-looking statements that reflect current expectations about future results, performance, prospects and opportunities. Publicwire has tried to identify these forward-looking statements by using words and phrases such as “may,” “will,” “expects,” “anticipates,” “believes,” “intends,” “estimates,” “plan,” “should,” “typical,” “preliminary,” “we are confident” or similar expressions. These forward-looking statements are based on information currently available and are subject to a number of risks, uncertainties and other factors that could cause actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and other factors include, without limitation, a Company’s growth expectation and ongoing funding requirements, and specifically, a Company’s growth prospects with scalable customers, and those outlined above. Other risks may include a Company’s limited operating history, a Company’s history of operating losses, consumers’ acceptance, a Company’s use of licensed technologies, risk of increased competition, the potential need for additional financing, the terms and conditions of any financing that is consummated, the limited trading market for the Company’s securities, the possible volatility of the Company’s stock price, the concentration of ownership, and the potential fluctuation in a Company’s operating results.
THE READER SHOULD VERIFY ALL CLAIMS AND PERFORM THEIR OWN DUE DILIGENCE BEFORE INVESTING IN ANY SECURITIES MENTIONED. INVESTING IN NANO-CAP, MICRO-CAP AND SMALL-CAP SECURITIES IS SPECULATIVE AND CARRIES A HIGH DEGREE OF RISK.
We encourage our readers to invest carefully and read the investor information available at the web sites of the Securities and Exchange Commission (SEC) at: http://www.sec.gov and/or the Financial Industry Regulatory Authority at: http://www.finra.org. Readers can review all public filings by companies at theSEC’s EDGAR page. FINRA has published information on how to invest carefully at its web site.
PublicWire’s Notice and Disclaimer regarding all distribution of company communications can be found at http://www.publicwire.com/notice-and-disclaimer/.
Media Contact
Company Name: PublicWire
Contact Person: Dave Donlin
Email: ddonlin@publicwire.com
Phone: 4074906635
Address:5850 TG Lee Blvd, Suite 300
City: Orlando
State: FL
Country: United States
Website: http://publicwire.com