Leafbuyer Technologies Inc (OTCMKTS:LBUY) has proceeded to make an announcement disclosing that it is strategically positioned and ready to make a major headway into the California Recreational cannabis market in the course of this year. Proposition 64 has been passed and the future looks promising for the business giant.
The residents of California are having a sigh of relief since from today henceforth they won’t need the doctor’s approval in order to move ahead and make cannabis purchases. In its most recent statement Leafbuyer revealed that it had made all the necessary plans and that all that was left was to start connecting consumers to dispensaries spread out across California which happens to be the most populous state and the sixth largest economy.
Reports indicate that about 70% of the 39 million residents are all 25 years of age and above. The legal age for the consumption of the product is 21 years. Experts made projections outlining that the market for marijuana in California might end up hitting $3.7 billion mark in the course of next year.
A person following closely on the most recent developments has said that there are seven more states which have also embraced the move to legalize the recreational cannabis. The CEO of Leafbuyer Technologies Inc Kurt Rossner in a recent interview said that as a company their eye was set on development. According to him, it wasn’t yet late because they had what he termed ‘ample time’ to ramp up the company’s presence in the state.
He went further to reveal that in January they would hopefully be operational and would be one of the most trusted providers in the expansive global, cannabis market. Leafbuyer Technologies Inc boasts of an extensive experience when it gets to striking a much better understanding of the Colorado market.
It is at the moment anticipating the setup of a vibrant business in the lucrative California market. The company won’t be stopping at only establishing itself in California .It is also eyeing launching its operations in other markets in Canada as well as in the U.S.