CEO of Quadron Cannatech Corporation (CSE:QCC), Rosy Mondin, sat down with Stockpools president, Anil Mall, to discuss the legalization of cannabis in Canada, and what that could mean for Quadron Cannatech.
Below is Health Canada Licensed Producer data, which highlights the growth of cannabis oil sold, along with an except and link to the full article.
“In addition to this Health Canada Licensed Producer data, if we look at the sales data coming from Washington state, concentrate sales skyrocketed to $140 million last year. Additionally, if we look at the data that came out of the Mackie Research Focus Report earlier this year, assuming full legalization, by 2018 the Canadian demand for oils to increase by 198,000% by 2020). There’s no shortage of data and statistics. Impressive figures are also coming from growth of ancillary markets, and consulting services: In the USA, investment in the ancillary market (i.e., businesses that do not touch the cannabis plant) grew 161% in 2016 compared to 2015.
Catering to these trends is exactly where Quadron’s offerings are targeted.”
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