Three of the Biggest Catalysts for Cannabis in 2019

HOUSTON, TX / ACCESSWIRE / April 15, 2019 / Over the last year, we've seen countless catalyst for cannabis stocks.

Canada legalized its use. More U.S. states gave the green light for medicinal and/or recreational use. Corporate America quickly woke up to the opportunity. Better, cannabis is just beginning to transform multi-billion-dollar industries, including alcohol, health and wellness, cigarettes, and the retail industry. Even the U.S. Farm Bill accelerated growth.

However, that may just be the start of bigger things to come.

Other big catalysts include STATES.

Otherwise known as the Strengthening the Tenth Amendment Through Entrusting States, it could amend the Controlled Substance act to limit federal interference in state matters such as this. "This is just giving them a level playing field. Respecting the rights of states - it doesn't force a state to do anything that it doesn't want to do," Rep. Earl Blumenauer told Rolling Stone.

Essentially, it would give each state the decision on cannabis.

Two, we have to remember that part of President Trump's budget proposes scaling back restrictive language that has kept Washington D.C. from legalizing and regulating the sale of recreational cannabis. He's also asking the public to submit comments to help change the U.S. position on a potential reclassification. Potential legalization could fire up the voter base, considering that 61% of Americans are in favor of legalization.

In addition, global spending on cannabis could reach $57 billion by 2027, according to Arcview Market Research and BDS Analytics.

In their report, "The Road Map to $57 Billion Worldwide Market," analysts note that the South American market for example could grow from $125 million in 2018 to $776 million by 2027. They also note that Germany could become the leader in the European cannabis market, with Italy expected to see $1.2 billion cannabis sales by 2027.

Some of those companies include Lifestyle Delivery Systems Inc. (CSE: LDS)(OTCQX: LDSYF), Cresco Labs Inc. (CSE: CL)(OTC: CRLBF), and Green Thumb Industries Inc. (CSE: GTII)(OTC: GTBIF).

Lifestyle Delivery Systems Inc.'s (LDS)(LDSYF) Highway 395 Dispensary just received approvals from the Environmental Protection Agency for environmental impact of the proposed construction and has completed the required yucca tree preservation study to ensure that the proposed construction will not have a negative impact on the yucca tree population.

The City of Adelanto informed Highway 395 Dispensary that the application for construction would most likely be on the agenda for planning commission approval this month. Once built, Highway 395 Dispensary would be accessible to a potential traffic count of over 120,000 vehicles per day with the benefit of a signal turn lane to easily access the facility from vehicles traveling in both directions. The dispensary will also contain the direct delivery service, 420 Prime Delivery, servicing the high desert and southern California.

"Highway 395 Dispensary is the final step in the completion of a truly vertically integrated cannabis company from genetics to the customer's door step," says CEO Brad Eckenweiler. "With the completion of the dispensary and the ability to deliver direct to the customer the company can produce, package and deliver cannabis products at prices that will be significantly more competitive than the current market place can compete with." The Company will continue to inform the market of corporate developments as they become available."

For More Information on Lifestyle Delivery Systems Inc., Click Here.

Cresco Labs Inc. (CL)(CRLBF)is also betting big on the California cannabis market with a C$1.1 billion acquisition of Origin House. The deal will create a premiere distribution company that will serve the largest cannabis market in the world, California.

"[The deal] establishes Cresco Labs as the leading multi-state operator with one of the largest distribution platforms in California, which is projected to be a $7.7 billion cannabis market in 2022 by Arcview Market Research/BDS Analytics," said Cresco Chief Executive and Co-founder Charlie Bachtel, as quoted by MarketWatch. "Following the closing of this acquisition, Cresco brands will be in over 725 dispensaries across the country, giving us the largest and most strategic distribution footprint of any cannabis company in the United States."

For More Information on Cresco Labs Inc., Click Here.

Green Thumb Industries Inc. (GTII)(GTBIF)also has a big presence on the West Coast. It owns and operates a national chain of retail cannabis stores called RISE dispensaries. The company just acquired theFor Success Holding Company, the Los Angeles-based creator of the lifestyle suite of Beboe branded cannabis products.

Beboe is currently available in more than 125 retail locations in California and Colorado and via home delivery across California. In 2018, Beboe launched a direct-to-consumer hemp-derived CBD line of products and introduced several collaborations, including a CBD-infused drink with wellness brand Dirty Lemon.

For More Information on Green Thumb Industries Inc., Click Here.

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Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media which has a partnership with www.MarijuanaStox.com is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release.

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