THIS ONE STATE JUST REACHED $6 BILLION IN CANNABIS SALES – HERE’S HOW INVESTORS ARE PROFITING
THIS ONE STATE JUST REACHED $6 BILLION IN CANNABIS SALES – HERE’S HOW INVESTORS ARE PROFITING by Daniel Ameduri – Future Money Trends
As many U.S. states make headway in the pro-cannabis movement, the tide has been turning against those who oppose cannabis legalization as investors reap the benefits of decriminalization and the surge in revenues we’ve seen in the past several years.
We’re now at the point where the map itself has changed, with a clear majority of states permitting the use of cannabis in one form or another and 86% of Americans having legal access to it. And there’s still plenty of room for expansion, as there are multiple regions to be explored:
Courtesy: CannAmerica Brands Corp.
A number of states have led the way in terms of cannabis product sales growth, and you might be surprised to discover that the number-one state in this regard isn’t California. It’s actually the state of Colorado, which surpassed the $6 billion milestone in legal cannabissales since January 1, 2014, as announced by the Colorado Department of Revenue.
While the forward-thinking citizens of Colorado deserve the credit for this achievement, we would like to also cite one particular company for its contribution to the cannabis industry in that state. That company is CannAmerica Brands Corp. (CSE: CANA, OTCQB: CNNXF), which is founded and operated by U.S. Marine veteran Dan Anglin and controls a portfolio of cannabis brands with licensing agreements in the states of Colorado, Nevada, and Maryland.
What makes CannAmerica different is their business model, which doesn’t rely on product manufacturing or plant cultivation to generate revenues. Instead, CannAmerica is a builder of brands: they buy brand names and develop them, all the while collecting royalty payments through licensing agreements.
By striking licensing deals with cannabis brands, Dan Anglin and CannAmerica have built a company that’s a mainstay in the Colorado cannabis community. Dan has made notable contributions to Colorado’s burgeoning pro-cannabis movement.
Having been founded in Colorado, CannAmerica Brands has deep ties to the state, and Mr. Anglin has been a high-profile leader in the cannabis sector for decades. In fact, Dan served on rule-making work groups for the Colorado Marijuana Enforcement Division on more than 10 occasions, as well as directly crafting legislation at the Colorado General Assembly for the good of Colorado and its regulated industry.
Mr. Anglin is proud to serve consumers in the state, expressing that “the company wishes to congratulate and recognize the state of Colorado for being a leader in cannabis liberalization and passing this monumental sales milestone. CannAmerica Brands is proud to have contributed to this milestone, having sold over 14 million of its cannabis infused gummies in the state to date.”
Courtesy: Dan Anglin
Furthermore, Dan is far from finished in his efforts to support Colorado’s cannabis market, stating that “CannAmerica Brands looks forward to opportunities to bring the success of CannAmerica Brands and cannabis liberalization that has been experienced in Colorado to new states in the future as well as continuing to focus on the Colorado marketplace, which is a proven leader in adult-use cannabis in the United States.”
I’m watching the legalized Colorado cannabis market closely, and I’m anticipating great things in store for Mr. Dan Anglin and CannAmerica as they leverage the power of their brand-building strategy for the benefit of CANA/CNNXF shareholders, as well as the state of Colorado.
DISCLAIMER. This communication is a paid advertisement. Wallace Hill Partners Ltd., and their owners, managers, employees, and assigns was paid by CannAmerica Brands Corp. to disseminate these types of communications. Readers should beware that third party, profiled companies, and/or their affiliates may liquidate shares of the profiled companies at any time, including at or near the time you receive this communication, which has the potential to hurt share prices. Frequently companies profiled in our articles experience a large increase in volume and share price during the course of investor awareness marketing, which often ends as soon as the investor awareness marketing ceases. The investor awareness marketing may be as brief as one day, after which a large decrease in volume and share price may likely occur.
FORWARD-LOOKING STATEMENT. This communication includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws or forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, timing, assumptions or expectations of future performance, including that CannAmerica is planning to make a move in the vape market, is a forward-looking statement and contain forward-looking information. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this newsletter, including that CannAmerica will be successful in acquiring brands and expanding. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Important factors that may cause actual results to vary, include, without limitation, that CannAmerica will not be successful in acquiring brands and expanding. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.