HOLLYWOOD, CA – Medbox, Inc. (OTC Markets: MDBX) (www.medboxinc.com), a leader in providing consulting services and patented inventory control, compliance, and dispensing systems to the medical and retail industries, announced that they have been listed in a CNBC story as an investment opportunity in the legal marijuana industry.
In a piece titled Investment Opportunities Grow in Marijuana Business, Medbox was listed as one of only two publicly traded companies that are capitalizing on this rapidly growing industry.
“The marijuana market is growing,” said Courtney Regan of CNBC/Big Data Download. “It’s shaping up to be an incredibly lucrative industry based on the latest data projections.”
Commercial medical marijuana sales are estimated at $1.5 billion per year, but are rapidly growing, according to the report – using data collected from Medical Marijuana Business Daily. Looking forward, projected sales are $3 billion in 2014, and $6 billion in 2016.
“If you take the whole industry, not just medical – but the entire marijuana market in the United States - you’re probably looking at$40 billion. Some estimates have it as high as $100 or $120 billion. If you compare it to the wine industry, which is maybe $10or $20 billion, it’s at least that size and probably much larger.”
Software, technology, and hardware are among the areas that could be very lucrative, the report stated.
“We are pleased to be included on the short list of companies mentioned in the CNBC story regarding investment opportunities in the marijuana business,” stated Dr. Bruce Bedrick, CEO of Medbox, Inc. “We are proud of our leadership position in the industry, and strive to continue to provide the products and services that this growing industry will require, while delivering value to our shareholders.”
Medbox Featured as Investment Opportunity in Legal Marijuana Industry on CNBC was written by Press Release and appears in full on The Daily Chronic.
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