CANNAINVESTOR Magazine U.S. Privately Held November 2018 | Page 64

Peter Vogel, CEO

29 states and the District of Columbia have now legalized cannabis for medical and/or recreational purposes and public acceptance of cannabis continues to increase at a rapid pace. Cannabis has also shown encouraging signs as a treatment for various medical conditions and ailments, which should make the space of interest to investors and business enthusiasts. While cannabis remains federally illegal in the United States and publicly-traded cannabis companies are located overseas, it has grown to a $9 Billion industry in the U.S. and all estimates have it growing above $24 Billion over the next few years.

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