![]() Funded expansion plans will bring total production capacity up to about 720,000 kilograms, he wrote. McLeish found that more than $1 billion has been raised by marijuana businesses since the start of 2014, with most of those funds going towards the construction of new facilities or the expansion of existing ones. ![]() More such deals are expected, and as provinces line up to ink supply contracts, producers have found themselves in a race to expand their capacity. This advertisement has not loaded yet, but your article continues below. “These numbers are contingent on getting enough supply from federal licensed producers,” Charles Sousa said last month, when announcing the program. The firm doesn’t foresee supply meeting demand until late 2020, McLeish said.Įven the finance minister of Ontario wasn’t sure of successfully stocking the province’s proposed e-commerce channel and approximately 80 retail outlets they expect to have ready in the first year of legalization, which is still slated to begin by July 2018. This “will not nearly be enough to fulfill near-term demand,” analyst Greg McLeish wrote in a Sept. Mackie Research Capital, for example, recently pegged total demand for marijuana in 2018 at approximately 795,000 kilograms - but forecast that licensed producers will end 2017 with production capacity of a little over 100,000 kilograms annually. Article content Customers line up at the NuLeaf marijuana dispensary in Las Vegas. Tim Cullen, CEO, is one of Colorado's most knowledgeable cannabis authorities by nature of his years of diverse industry experience formal education and training public efforts to support legal compliance industry involvement community philanthropy and thoughtful media commentary.This advertisement has not loaded yet, but your article continues below. Dedicated to providing customers with the highest quality naturally-grown cannabis and courteous customer service, Colorado Harvest Company's reputation represents the benefits of the legal cannabis movement. Colorado Harvest Company was the first to commission an independent economic impact study of its business and has since become an industry model for financial transparency. Cullen said that now, with cannabis legalization on the ballot in nine states, there will be more opportunity and Colorado, the pioneer in marijuana legalization, is the role model not only for other states, but for the rest of the world.Ĭolorado Harvest Company produces and sells its own naturally-grown cannabis for adult medicinal and recreational use. 25, that the cannabis industry's economic impact on Colorado was $2.39 billion in 2015. The Marijuana Policy Group, a Denver-based economic and market research firm, reported on Oct. "I strongly believe there's an important place for small cannabis businesses in the world's fastest growing industry," Cullen said. Cullen will draw on his experience with both large and small marijuana businesses to help guide new cannabis entrepreneurs who dream of operating a profitable entrepreneurial business in America's newest industry. ![]() In addition to Colorado Harvest Company, Cullen is a partner in Organa Brands, the world's oldest and largest cannabis oil extraction company and a founding partner of O.penVAPE, the world's largest consumer cannabis company.
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