Rapidly Expanding Market may Overlook Risk; Totally Hemp Crazy Analyst Brief Issued by BrokerBank Securities, Inc.
NEW YORK, April 22, 2015 /PRNewswire/ -- According to Arc View Market Research, the market for legal marijuana is expected to reach $2.57 billion in sales for 2014, growing from $1.53 billion in 2013. This growth is expected to continue, with the market reaching $10.2 billion by 2018. Between 2009 and 2014, the cannabis industry grew 16.2% annually, and growth is expected to increase to 23.3% annually between 2014 and 2019. Cannabis is currently the fastest growing industry in the United States. If marijuana is legalized at the federal level, revenues for the legal cannabis industry could reach $35 billion by 2020 according to Greenwave Advisors. Currently, 23 states have legalized medical marijuana, and two states, Washington and Colorado, have legalized marijuana for recreational use. One company targeting the market for hemp-infused beverages and other legalized edible hemp products is Totally Crazy Hemp Inc.
Totally Hemp Crazy Inc. (OTC PINK: THCZ) is a manufacturer of "hemp infused" beverages. The company's beverages are marketed under the Rocky Mountain High Hemp label, and are distributed by Amazon.com and various other distributor networks. The company's initial beverages were Rocky Mountain High Hemp Energy Drink, Rocky Mountain High Hemp Iced Tea, and Rocky Mountain High Hemp Lemonade. The company's fourth product is scheduled to be released in May 2015.
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SOURCE BrokerBank Securities, Inc.
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