NEW YORK, March 4, 2014 /PRNewswire/ -- Extreme Biodiesel,
Inc. (OTC: XTRM) XTRM Cannabis Ventures is a wholly owned
subsidiary that is focused on Medical Marijuana and is in the
process of completing an indoor cultivation facility consisting of
450 containers. Marijuana sales, and the sales of peripheral
products associated with marijuana, will likely be the largest
consumer market in recent American business history.
The US Department of Health & Human Services Substance Abuse
& Mental Health Administration conducts a National Survey on
Drug Use and Health. This survey, among others like it, states that
roughly 10 percent of the population above the age of 12 has used
marijuana in the past year, while 6 percent have used it in any
given month. On price and volume, various reports and studies
conclude a typical marijuana cigarette, or joint, contains between
0.5 - 1.0 grams of the drug. The price of a gram can vary from
$5-$20, or even more depending on
potency and origin. Based on this data, most demand-based studies
put the market at $10-$40 billion. If
a sensitivity analysis is applied to consumption and price
variables (that is, testing different combinations of price and
use), the market can reach as high as $100
billion.
The Colorado State government alone
could obtain an annual $10 billion a
year by 2018.This implies that the Colorado market could generate approximately
$40 billion in annual revenue by
2018.
With the US House of representatives voting to legalize the
cultivation of hemp, the previous barriers against the use of
marijuana for medical or recreational use seem to have come to an
end across many parts of the US and investors therefore are
flocking to stocks associated with the medicinal marijuana
industry.
A full in-depth analyst report on XTRM that includes medical
marijuana industry review, financial position, value of the
company, potential revenues, review of current bio-diesel business
model, analyst summary, and price target can be viewed by using the
following link at no cost:
http://bit.ly/XTRM-PriceTarget
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