MJIC, INC. is a professionally managed private holding company focused on the legal cannabis industry.
MJIC intends to register all shares sold in this private offering.
The Company initially focuses on two key strategic areas: (1) investment in enterprises providing ancillary and direct products and services to the cannabis industry that are positioned to benefit from the industry’s continued growth; (2) Developing MJIC Media, Inc., a wholly owned subsidiary which includes The Marijuana Index (www.marijuanaindex.com), and the acquisition of additional cannabis financial and business news services for cannabis companies to communicate with investors, and for investors to exchange ideas and obtain information on investing in the cannabis industry.
A cursory glance at a newspaper or television newscast is enough to reveal that the push to legalize marijuana — and the resultant growth of related businesses — has been gaining increasing momentum. According to data from ArcView Market Research, the legal cannabis industry (the “Cannabis Industry”) is the fastest growing industry in America, with 2014 legal sales reaching $2.7 billion, up 74% year-over-year. If legalized nationwide, the Cannabis Industry is estimated to rival the size of the US organic food industry and exceed $50 billion in North America.
Despite encouraging progress at the state and federal level, marijuana remains classified by the federal government as a Schedule 1 drug, and the lack of clear and consistent nationwide regulation has, up to now, precluded development of a national-level approach to operating such businesses, leaving established brands with professional operators largely on the sidelines. MJIC views this lack of regulatory continuity and participation by established national enterprises as a tremendous opportunity. With adequate funding and strategic management, companies can enter the cannabis business market and command a significant share of this rapidly emerging industry.
A dozen states are expected to fully legalize marijuana by 2019, most notably California (which became the first state in 1996 to allow medicinal marijuana) in November 2016. A national trendsetter, California legalization would likely accelerate the end of federal prohibition and rapid expansion of the nationwide market – the opportunity today is to get in position to capitalize on this event.
Everywhere
Loading ...