Latteno Food Corp (OTCMKTS:LATF) announced its measures that will make use of the growing recreational and medical cannabis markets that it set to witness exponential growth in the coming years. The growth estimates firmly justices the previously announced growth measures of the company as well as offer excellent growth opportunities for all of its MMJ revenue sources.
As per the ArcView Group, the legal cannabis market in the U.S. was $1.5 billion in 2013 and is estimated to reach $10.2 billion by 2018. In the two U.S. states that approved pot for recreational use, Washington and Colorado’s market is projected to witness exponential growth. There are 23 states that have approved medicinal use of marijuana. Among these states, Washington and Colorado have even legalized it for recreational use. Latteno Food is delighted that the states have started favoring legalization of recreational marijuana.
Latteno is pleased that Voters in Washington D.C. awesomely approved Measure 71 by 69.4% yes votes to 30.6% no votes. It is the highest victory margin for any pot legalization ballot initiative ever. The second state is Oregon where Measure 91 received 54.7% yes votes to 45.3% no votes. It was a massive shift from just two years ago when legalization initiative failed 46.6-53.4. The third state in discussion is Alaska Measure 2 has 52.1% yes votes to 47.9% no votes. It marked the first win for pot legalization in a Republican state.
In the near future, Latteno will continue extending its range of edible products line and will seek a license or acquire a part in businesses that focuses on healthcare/wellness and edibles products to support LT-512 sex enhancement pills. Recently, the company added five new edible products to CannaBeeSweets line. Moreover, Latteno Food Corp (OTCMKTS:LATF) intends to establish local sales and marketing offices in legalized recreational states of Oregon, Alaska and Washington DC; and enter into alliances or buy local dispensaries in all four recreational states.