According to a report by the equity research firm Cowen & Co., marijuana will generate $50 billion in revenue by 2026. That’s roughly eight times the estimated revenue this year. GW Pharmaceuticals and Insys Therapeutics are two big companies with an even bigger future.
Tag Archives: Microsoft
On Sept. 12, 2016, Cowen and Company (Nasdaq:COWN) released a report on the near- and long-term market potential of legal recreational cannabis in the United States, estimating that a federally legal U.S. cannabis market could reach $50 billion in gross retail sales by 2026.
Those who dare, win — or so the saying goes. Or, in other words, taking big risks can yield big rewards. That’s what makes the world of venture capital so exciting, or, for the rest of us, a trip to the roulette table.
Redmond’s partnership with ‘seed-to-sales’ software purveyor Kind is bound to bring more legitimacy to an already-thriving business.
NEW YORK, June 27, 2016 /Weed Wire/ — Viridian Capital Advisors, a financial and strategic advisory firm dedicated to the legal cannabis marketplace, is pleased to announce that Mr. Brian Tuskan has joined our advisory board.
As state after state has legalized marijuana in one way or another, big names in corporate America have stayed away entirely. Marijuana, after all, is still illegal, according to the federal government.
LOS ANGELES, June 16, 2016 /Weed Wire/ — KIND Financial, the leader in technology for cannabis compliance, today announced the launch of KIND Government Solutions with Microsoft Corp. to acquire government-facing contracts for seed to sale tracking.