According to a report from The ArcView Group, a marijuana industry investment and research firm, legal marijuana is the fastest-growing industry in the United States. Over the next two years, sundry states are likely going to legal marijuana. Moreover, a majority of the United States’s population are supporting legalization and as we approach the end of 2016, marijuana has given itself a name in presidential elections.
“These are exciting times, and new millionaires and possibly billionaires are about to be made, while simultaneously society will become safer and freer,” CEO of The ArcView Group, Troy Dayton, stated in the executive summary. “We believe that the development of a responsible, politically engaged, and profitable, legal cannabis industry will hasten the day when not a single adult in the world is punished for this plant.
ArcView questioned hundreds of both medical and recreational marijuana retailers in states where marijuana is legal. Also, they also surveyed additional business operators and independent growers of marijuana. ArcView also gathered data from state agencies, nonprofit organizations and private companies and private companies in the cannabis industry for a more general look at the overall industry (refer to figure 1).
With a position in one of the fastest growing markets in the country, Urban Cultivator Inc. has made itself a company worth merging with. In fact, over the last year, the company has had successful relations with Urban Cultivator Inc. and BC Northern Lights Enterprises Ltd. Urban Cultivator, Inc. focuses on garden appliances and has partnered with Urban Hydroponics, Inc. to have a new Central American distributor. Here is what Urban Cultivator CEO Tarren Wolfe had to say: ”We’re so excited to be entering this new phase of our business. By completing our merger with Urban Hydroponics Inc (OTCMKTS:URHY), which we expect to happen within the next few months, we believe we’ll be able to gain additional exposure in the US market, and improve our ability to raise capital to invest in the rapid growth of our companies both in North America and worldwide.”