The California cannabis market offers a massive opportunity for cannabis companies looking to establish brand dominance in the growing American marketplace.
The legalization of cannabis across the US has created a new wave of opportunities as states begin to take matters into their own hands, legalizing state-wide cannabis markets in a number of jurisdictions. Of the states that have legalized cannabis, California leads the way with one of the most well-established cannabis industries in the country. According to Marijuana Business Daily, the California cannabis market generated approximately US$50 billion in demand in 2018.
The dominance of the California cannabis market is partly due to the state’s massive economy. California is home to over 39 million citizens who together generate a gross domestic product of US$2.74 trillion. According to ArcView and BDS Analytics, the California cannabis industry makes up one-third of the national marketplace at US$5.1 billion. This opportunity is partly due to the emergence of mainstream cannabis consumers, many of whom are abandoning alcohol and more traditional recreational products in favor of cannabis and cannabis-derivative products like edibles, extracts, tinctures and more.
Next Green Wave
Based out of California, Next Green Wave Holdings (CSE:NGW,OTCQX:NXGWF) is targeting this emerging class of American cannabis consumers through its portfolio of brands, including Loki Naturals Love Biscuits, HartLuck, King Louie Cannabis, Lurking Class X Sketchy Tank, Junkyard Cannabis, Toy Machine CBD, OSS, Thorn St. Brew Bomb and No Jumper. Next Green Wave recently completed its first harvest in California, where 14 flowering rooms are now fully stocked.
The following infographic, sponsored by Next Green Wave, is designed to educate investors regarding the potential of the American cannabis market.
This infographic is sponsored by Next Green Wave Holdings (CSE:NGW, OTCQX:NXGWF). This infographic provides information which was sourced by the Investing News Network (INN) and approved by Next Green Wave Holdings in order to help investors learn more about the company. Next Green Wave Holdings is a client of INN. The company’s campaign fees pay for INN to create and update this infographic.
This infographic was created according to INN editorial standards to educate investors.
INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.
The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Next Green Wave Holdings and seek advice from a qualified investment advisor.