Lifestyle Delivery Systems Likely to Benefit from $57 Billion Global Spending on Cannabis
Houston, Texas--(Newsfile Corp. - May 14, 2019) - MarijuanaStox announces publication of an article that discusses Lifestyle Delivery Systems Inc. (CSE: LDS) (OTC: LDSYF). The company produces cannabis-infused CannaStrips (similar to breath strips) that are not only a safer, healthier option to smoking, but also a new way to accurately meter the dosage and assure the purity of the product.
The CBD Boom is Just Getting Started
It's no secret the cannabis market is booming globally.
And the industry shows no signs of slowing.
For one, the Industry Could be Worth $77 Billion by 2022. The Marijuana Business Factbook estimates the industry could be worth $77 billion by 2022. By 2025, Cowen & Co. analysts believe CBD use will grow to 10% of Americans, which implies a potential $16 billion market opportunity. Along the way, retailers have been quick to wake up to that very opportunity.
Two, nearly 7% of Americans currently use CBD, according to Cowen & Co. analysts. In fact, according to Cowen's January 2019 consumer survey of 2,500 adults, 6.9% of respondents are using CBD. "This initial response piqued our interest considerably, as it was much higher than we would have suspected," they said, as quoted by the Press Herald.
Three, global spending on cannabis could reach $57 billion by 2027.
That's according to Arcview Market Research and BDS Analytics. In their report, "The Road Map to $57 Billion Worldwide Market," analysts note that the South American market for example could grow from $125 million in 2018 to $776 million by 2027. They also note that Germany could become the leader in the European cannabis market, with Italy expected to see $1.2 billion cannabis sales by 2027.
Lifestyle Delivery Systems in Line to Benefit
Lifestyle Delivery Systems Inc. just announced that subsidiary, Core Isogenics Inc.'s seedlings from its Adelanto Nursery will be delivered to the Sacramento Farm this week. The distribution and transportation of the seedlings will be handled by CSPA Group, Inc, the Company's wholly-owned subsidiary. Core Isogenics will supply expertise, seedlings and nutrients to the farm. The farm has two years of successful contaminant-free growth and all the necessary infrastructure for the cultivation of multiple cannabis strains from Core Isogenics.
"The commencement of cultivation operations in Sacramento with our isogenic cannabis strains is very encouraging to our long-term goals. The addition of over 100,000 square feet of cultivation will secure the necessary bio-mass requirements for optimum production runs of CannaStrips. This operation will also secure our pricing and protect our margins going forward," says CEO, Brad Eckenweiler.
In addition, Lifestyle Delivery Systems just reported that the City of Adelanto reduced the tax on Transportation, Distribution, Manufacturing, and Cannabis Testing Lab Services from 5% down to 1% voted 4 to 1 in favor of the reduction. The City council voted 4 to1 to reduce the cultivation tax from $5 per month per square foot to $0.42 cents per month, per square foot. The dispensaries tax was likewise reduced from 5% down to 3%. This decision comes in line with California voting to reduce the cannabis cultivation tax statewide. The reduction in city taxes will be a positive incentive for cannabis businesses to operate in Adelanto.
For more information, visit the company's website at https://www.lifestyledeliverysystems.com
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Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media which has a partnership with www.MarijuanaStox.com is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release.
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