Warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/thcfinder.com/public_html/includes/functions.php on line 98
O.C. marijuana firm plans major expansion | News Marijuana Blog | THC THC Finder

Cannabis Blog

O.C. marijuana firm plans major expansion

Category: News | Posted on Fri, December, 10th 2010 by THCFinder

General Cannabis in Costa Mesa says it plans to capitalize on the expanding medical marijuana market that has made the plant California's No. 1 cash crop at $14 billion annually.

CNBC recently estimated the size of the U.S. marijuana market at between $45 billion and $120 billion.

 

General Cannabis is the first publicly traded company to create management services, Internet verticals, financial services and lobbying to support medical marijuana market, the company said. It intends to be the largest U.S. company specializing in medical marijuana through what's called a rollup (buying up small firms) of the fragmented industry.

General Cannabis has already made some purchases in pursuit of this strategy:

  • General Health Solutions, Inc., which manages 10 California medical cannabis clinics and a call center
  • General Merchant Services, Inc. that operates Cannapay Merchant Services, which provides credit card processing services to medical marijuana sellers
  • Synergistic Resources, LLC., which specializes in turn-key management of California medical marijuana clinics under the name Marijuana Medical Evaluation Centers (deal announced Thursday).

 

California has more than 300,000 registered medical marijuana users, General Cannabis said. The company trades over the counter at about $4.

(Source: ocregister.com)


Comments
 
Comments


Recent Articles






';

Search





Blog Categories