NEW YORK, July 9, 2018 /PRNewswire/ —

Data published by Ameri Research Inc., indicates that the global legal cannabis market was valued at USD 14.3 Billion in 2016 and is expected to reach a value of USD 63.5 Billion by 2024, while maintaining a CAGR of 21.1% during the forecast period. The cannabis market is experiencing a period of robust growth thanks, in part, to wide spreading legalization and decriminalization of cannabis products across North America. The report explains that the legalization movements are successfully changing policies in the U.S. and beyond. According to Arcview Market Research, the growth of the legal cannabis industry is expected to re-accelerate in 2018, as adult-use sales ramp up in Canada, California, and Massachusetts, along with first-time medical sales in Florida. Medical Cannabis Payment Solutions (OTC: REFG), Marijuana Company of America, Inc. (OTC: MCOA), SinglePoint Inc (OTC: SING), Rocky Mountain High Brands Inc. (OTC: RMHB), Puration Inc. (OTC: PURA)

In the U.S., the potential financial benefits from legalization are important economically and politically. In states like California for example, where new recreational cannabis laws are in effect as of the beginning of 2018, analysts are projecting an increase in sales of cannabis contributing to California’s tax revenue and job creation. Arcview Group estimates that it will lead to the creation of nearly 99,000 cannabis industry jobs in the state by 2021, about a third of all cannabis jobs nationwide, and 146,000 jobs overall. Troy Dayton, CEO of The Arcview Group explained, “The economic excitement around the legal cannabis industry is no longer just theory. Due to the giant impact adult-use legalization is already having in the United States, it’s vital for key stakeholders to understand the full impact of legalization, beyond just retail sales numbers.”

Medical Cannabis Payment Solutions (OTC: REFG) just announced breaking

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