Boston, MA 05/06/2014 (wallstreetpr) – INTEGRATED CANNABIS (OTCMKTS:IGPK) jumped by over 87% during morning trade today. The rally in the company’s shares appeared to be inspired by the company’s yesterday’s announcement that defines its plans to address regulatory challenges for the new as well as existing cannabis businesses.
Aid Businesses In Regulatory Challenges
INTEGRATED CANNABIS (OTCMKTS:IGPK) clearly spelled out its future goal which aims at assisting the legal marijuana companies to settle themselves amid the highly regulated industry. The medical marijuana industry is experiencing rapid growth and if reports from the ArcView Market Research from 2013 are to be believed then the industry could be worth nearly $10.2 billion in the next five years.
The potential growth translates into enormous opportunities which led to the entry of several players, who intend to benefit from the explosive industry. However, many of these new and existing companies are constantly confronting regulatory and compliance issues. In view of this, Integrated Cannabis has decided to take up the role of facilitating these businesses with its expertise in Regulatory Affairs so as to educate, advise and aid them to be able to secure a firm position in the industry.
Environment Conducive For Cannabis Legalization
The legal marijuana industry can be an important driver of economic growth, according to Lawmakers in Washington and Colorado. This can be judged from the estimated tax revenue of $6.17 million that the legal cannabis sales generated during the first two months of 2014. In addition to this, there are reports that argue in favor of legalizing marijuana as it will result in the reduction of illegal marijuana trafficking.
As per 2012 research conducted by the Mexican Institute of Competitiveness, legalization of cannabis in Colorado and Washington will cost cartels $1.425 billion and $1.372 billion per annum respectively. Therefore, the study establishes the fact that the legalization of marijuana would curtail the cartels’ annual revenue to 20-30% and will also trim down Sinaloa Cartel revenue by 50%.
INTEGRATED CANNABIS (OTCMKTS:IGPK)’s CEO, Alphonse Rojas, said that they are extremely excited with the tremendous opportunity present in the booming industry. He said that the company’s focus is driven by the industry demand and its strong desire to help private as well as public companies to gain success and compliance in the marijuana industry, within the limits set by the law though.
