How the Cannabis Market could Reach $130 Billion by 2029

HOUSTON, TX / ACCESSWIRE / March 29, 2019 / The cannabis story is the most explosive story of 2019.

Analysts at Jefferies says the industry could reach $130 billion by 2029.

''This assumes full U.S. federal legalization, full recreational and medical legalization across Europe, full medical and recreational legalization across Lat Am, and cannabis disruption of a number of other industries,'' noted the analysts, as quoted by Yahoo Finance. ''Industries at risk of disruption are pharma, alcohol, health and wellness, pet care and smoking cessation.''

Piper Jaffray believes the market for legal cannabis could be worth $15 billion to $50 billion a year, with global sales growing to $250 billion to $500 billion.

As that story develops, some of top companies that could benefit from sizable industry growth include Captor Capital Corp. (CSE: CPTR)(OTCQX: CPTRF), Tilray Inc. (NASDAQ: TLRY), and OrganiGram Holdings Inc. (OTCQX: OGRMF).

Vertically integrated cannabis company Captor Capital Corp. (CPTR)(CPTRF) just entered into a Letter of Intent to acquire an operating subsidiary of People's OC - Axion Dynamics LLC -- a Type 7 volatile Solvent Extraction facility based in Cathedral City, California.

In operation since January 2019, the Axion facility has experienced aggressive revenue growth, with estimated revenues of US$10 million for the calendar year 2019, using only 25% of its current operating capacity.

''We are very excited to add another manufacturing operation to our Company which, when combined with our Mellow Extracts facility, will provide us with substantial production capacity as we enter the highly lucrative branded product market,'' said Captor Capital CEO John Zorbas. ''Given Captor's growing retail presence under the Chai brand, we are in a strong position to manufacture and sell our own products which will materially improve our operating margins and EBITDA growth. Furthermore, with the substantial productive capacity of the facility we do not estimate any further capex in the near to medium term for the facility.''

For More Information on Captor Capital Corp., Click Here.

Tilray Inc. (TLRY) just signed a letter of intent (LOI) with LiveWell Canada Inc. Under the terms of agreement, Tilray will buy hemp-derived CBD isolate sources in Canada and the United States. The CBD isolate that Tilray is buying from LiveWell Canada will be used for Tilray's wellness and medical products in Canada and the U.S.

The ''announcement puts Tilray in a strong position to expand the availability of our products in existing and new potential markets,'' says Brendan Kennedy, Tilray CEO. ''We're pleased about the opportunity to increase our capacity to supply high-demand CBD products in Canada.''

For More Information on Tilray, Inc., Click Here.

OrganiGram Holdings (OGRMF)is ramping up production to capitalize on new market opportunities as an existing licensed producer. An active expansion includes a 15,000 sq. ft. extract processing facility that could prove quite useful, as the cannabis market progresses.

In recent months, the company just signed a letter of intent with the Société québécoise du cannabis (SQDC). The company now has distribution in place for all ten Canadian provinces.

''Organigram's growth strategy has always focused on establishing a strong national footprint and building our brand presence with the Edison Cannabis line nationally,'' says OGRMF CEO Greg Engel. ''We are proud to work with our partners across the country to help ensure Canadians have access to a reliable supply of premium cannabis products for both medical and adult recreational use. We look forward to continuing to build on these relationships as we look ahead to the legalization of cannabis edibles.''

For More Information on OrganiGram Holdings Inc., Click Here.

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