The largest legal cannabis market in America and the 6th largest economy in the world, opened its doors for recreational marijuana on January 1st.
- California began sales of recreational marijuana on January 1, 2018.
- The CA market is expected to hit $3.7 billion in 2018 alone, and that number is predicted to increase to over $5 billion in 2019!
- Green Leaf Farms, a division of Player’s Network, Inc. (Stock Symbol: PNTV) is preparing to penetrate the California Cannabis market in early 2018 with its “Seed to Sale” model which includes cultivation, production, and dispensaries as well as ancillary services.
- Marijuana Accelerator, a division of PNTV, also intends to enter the CA market by investing and supporting marijuana tech and media companies supporting the CA Green rush
Recreational cannabis sales have begun in California (January 1st, 2018) — and the market is expected to haul in billions in revenue next year as dispensaries roll out across the state.
California, the 6th largest economy in the world with a population of close to 40 million, will make up a massive piece of the total market for cannabis in North America. Industry research estimates sales of cannabis in California to hit $3.7 billion in 2018 alone, and predict that number will increase to $5.1 billion in 2019 as more dispensaries come online. For comparison, sales are predicted to hit $9.7 billion in 2017 across the seven states where recreational marijuana is currently legal, excluding California. With the addition of California that number is expected to hit $24.5 billion in sales by 2021, despite continued federal prohibition.
Green Leaf Farms, a division of Player’s Network (PNTV) is excited to enter the California Cannabis market in 2018 with plans to tap into the new market with cultivation, production, and dispensaries throughout the state of California. Green Leaf Farms currently produces medical and recreational cannabis products in the state of Nevada. Revenues are generated by selling their cannabis products to licensed dispensaries throughout Nevada. Tapping into the new recreational market in California is expected to exponentially increase the company’s revenue.
Eager consumers celebrated the first day of legal recreational cannabis sales in California, similar to other states, by lining up at their local dispensaries to be among the first to participate in the newly-legal marijuana economy. With a small number of licenses having been issued for adult recreational use in all of California those dispensaries ready to sell on January 1st have attracted large crowds since sales were legal.
You can find a list of dispensaries with recreational licenses here, but depending on where you live, the nearest licensee may be quite far. Don’t forget to bring a driver’s license or another valid form of identification to show that you’re 21 or older, and remember marijuana is still illegal under federal law, so dispensaries tend to be cash-only.
PNTV and Green Leaf Farms will keep you up to date with our progress in entering the CA market. Please make sure to sign up for Investor Alerts here.
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About Player’s Network (PNTV)
Player’s Network is a diversified company operating in media and cannabis markets. PNTV owns approximately 89% of Green Leaf Farms Holdings, LLC (Green Leaf Farms), which holds cultivation and production license(s) awarded by the state of Nevada. The cultivation license enables Green Leaf Farms to grow marijuana and the production license enables them to create extracts which are used for cartridges, oils and edibles. WeedTV.com is developing the ultimate resource for the marijuana lifestyle within our media operations.
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About Green Leaf Farms Holding, LLC
Green Leaf Holdings, LLC (Green Leaf Farms) produces medical and recreational cannabis products. Green Leaf is located in North Las Vegas, Nevada on 2.3 acres in a state-of-the-art 27,000 sq. ft. facility. They have a seasoned team of professional growers and operators to manage the facility with proven best practices to ensure they have the highest quality products available.
About Marijuana Accelerator
Marijuana Accelerator is an ecosystem for the marijuana industry designed to connect entrepreneurs and investors to our network and develop partnerships. Marijuana Accelerator’s mission is to “identify and develop ventures in the marijuana industry.” Marijuana Accelerator is used to identify ventures focused on seed to sale solutions and new technology.
For more information please visit www.MarijuanaAccelerator.com
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