The fastest-growing sector in the United States is legal marijuana, especially if it becomes legal in all 50 states (which is likely on its way). According to reports, the marijuana industry is capable of becoming even larger than the organic food industry, which is astonishing; approximately $35 billion. In addition, confirmed research states that the U.S. market for legal marijuana grew over 74% from 2013 to 2014. More specifically, the industry generated just $1.5 billion in 2013 and $2.7 billion a year later.
“In the last year, the rise of the cannabis industry went from an interesting cocktail conversation to being taken seriously as the fastest growing industry in America,” Troy Dayton, publisher of the third edition of the State and Legal Marijuana Markets, said, summarizing his report. “At this point, it’s hard to imagine that any serious businessperson who is paying attention hasn’t spent some time thinking about the possibilities in this market.”
Look at companies like Terra Tech Corp (OTCMKTS:TRTC) and POTNETWORK HOLDINGS INC (OTCMKTS:POTN). Wednesday Terra Tech Corp (OTCMKTS:TRTC) announced that the company had uplisted to the OTCQX exchange. The company focuses more on agricultural operations above anything. Meanwhile POTNETWORK HOLDINGS INC
(OTCMKTS:POTN), is a company that owns two subsidiaries; the first is PotNetwork Inc., and the second is Sunrise Auto Mall, Inc. PotNetwork Inc. is capable of becoming the premiere releaser of worldwide news and other content for the marijuana sector. In addition, they are looking to be a 24/7 network. Sunrise Auto Mall, Inc. is an auto dealership that was launched in June of 2014. The goal of this subsidiary is to give people with bad or no credit to get some type of transportation while working to build the client’s credit. Through this, the company has made a very profitable business around the growing lending industry.
On Wednesday morning, PotNetwork Holdings Inc. announced that PotNetwork Inc. will be giving complete coverage as a media sponsor at the Annual Cannabis World Congress and Business Exposition. This is the largest cannabis business meeting on the entire West Coast. Here, leading competitors will be trying to bring about the newest technological innovation for marijuana. Richard Volpe, CEO of PotNetwork Inc, stated “We are very excited to be here on the West Coast at the LA CWCBExpo. An exciting crowd of enthusiasts occupy the event, all filled with anticipation over all there is to be discovered about how this industry continues to develop. We expect that this will be our most fruitful Expo to date, and look forward to all the inspiring content that will come to our viewers as a result.” Since this news released, POTN rose 100% from $0.0001 to $0.0002. On July 23, 2015, POTN was also at $0.0002 and within the last 3 months, the stock has risen as much as 350% to a high of $0.0007. With the potential to become one of the leading marijuana content providers, POTN has become a company to watch.