- Legal cannabis market forecast to grow 20–30% per year to $50 billion by 2026
- “Cannabis industry in America is flourishing,” reports CNN Business
- ACP positioning itself in four sectors of the cannabis space: real estate, cultivation, medical research and nonprofit groups
The future of cannabis is looking promising, according to several recent reports, and companies such as American Cannabis Partners (“ACP”) are positioning themselves to benefit from the projected growth.
“Various states across the country are resurfacing from the cloud of COVID-19, and as some like New York seek new high-growth industries to have a hand in, cannabis has been a consistent answer,” reported Forbes (https://ibn.fm/oqn9k). “Sales from cannabis were $20 billion in 2020, and are expected to exceed $26 billion in 2021. Research conducted by Cowen and Company reveals that the legal cannabis market is bound to grow 20–30% per year to the price of 50 billion by 2026.
“There has always been a strong case for investment on the health side of the legalization debate, as patients suffering from chronic illnesses, such as Parkinson’s, cancer, Alzheimer’s, and many neurological disorders, are administered by medical cannabis,” the article continued. “But recreational use of the product has gained increasing momentum. Moreover, robust programs are touted to reinvest millions of tax revenues from cannabis into minority communities that the war on drugs has historically victimized.”
CNN Business is touting the potential of cannabis. “Despite a global pandemic, discombobulated supply chains, ballooning inflation and an ongoing fight to legalize marijuana on a federal level, the cannabis industry in America is flourishing,” the news site stated (https://ibn.fm/YKYP6). “Sales hit $20 billion in 2020, are on pace to top $26 billion this year, and are projected to leapfrog to $45.9 billion in 2025, according to data from Marijuana Business Daily that were shared at the MJBizCon, the industry’s annual trade show. The nearly $46 billion in sales would make the cannabis industry larger than the craft beer industry.”
These projections bode well for American Cannabis Partners, which is a fully licensed, large-scale, 100% organic cannabis cultivation company. The company is positioning itself in four sectors of the cannabis space: real estate, cultivation, medical research and nonprofit groups. American Cannabis Partners supplies multiple forms of raw product at wholesale prices for manufacturing, distribution and retail licenses in both the medical and recreational markets. Its commodity pricing model enables stable profit margins for customers, aiding the company’s expansion into multiple states.
The company is currently operating in two states — California and Michigan — with a total of 12 cannabis licenses, including 20,000 square feet of cultivation licenses in California and 540,000 square feet of cultivation licenses along with a retail license in Michigan.
For more information, visit the company’s website at www.ACPFarms.com.
NOTE TO INVESTORS: The latest news and updates relating to American Cannabis Partners are available in the company’s newsroom at https://ibn.fm/ACP
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