Diego Pellicer Annual Sales and National Cannabis Accolades
By ME Staff -December 11, 2018
This year’s Cannabis market has been good for Diego Pellicer Worldwide Inc (OTCMKTS:DPWW). The company recently announced a 150% increase in annual sales for the fiscal year ending December 01 2018.
Projected Cannabis Market
Apparently the cannabis wing for the Colarado company, is having a great run in the growing US cannabis market even before the market fully opens up nationally. Statistics by the New Frontier Data valued the US cannabis market at $8.3 billion in 2017. However, as the nation gears to decriminalizing cannabis use, the marketed is estimated to triple at a compounded annual rate of 14.7% to about $25 billion in 2025.
Companies are in a rush to partake in the lucrative sector setting up multiple dispensaries and retail outlets.