Contrary to one of the leading memes put forth to explain
the recent Ohio electoral defeat of Issue 3, which would have made marijuana
legal and taxed, this was not really a rejection of the concept itself, so much
as the proposed implementation methodology. Cultivation, you see, would’ve been
limited to a tiny handful of only ten pre-chosen properties and the formation
of Ohioans against Marijuana Monopolies by Democratic Rep. Mike Curtin, which
led the charge against this looming threat, was a clear shot across the
sector’s bow when it comes to the formation of monopolistic or cartel-like
market structures.
The issue of marijuana legalization is far from dead in Ohio
and many analysts are chalking up a big portion of the recent down vote to
skittishness at plunging into the deep end head first. For unlike other states
that approved medical marijuana in advance of legalization, Ohio was attempting
to quit prohibition cold turkey.
Legal marijuana is the fastest growing industry in the
country right now, with leading sector analysis shop, ArcView Market Research,
clearly detailing the case in report after report. ArcView’s State of Legal
Marijuana Markets report is now in its third edition and indicates that, in
addition to 74 percent market growth last year to around $2.7 billion, the
legal marijuana market ceiling (if all states legalized) is currently just
under $37 billion. According to analysts at ArcView, fourteen more states are
geared up or are gearing up to legalize adult use, and at least two more states
are headed toward implementing medical marijuana legislation by 2019. If only
this amount of legalization or decriminalization occurs, the market would grow
to around $10.8 billion, generating vast sums of tax revenue in the process.
Doubling down on this growing trend towards more sensible
marijuana legislation and the taxable, multi-billion dollar industry it is
rapidly fueling, is diversified construction, real estate development, and
controlled environment agriculture player, Cherubim Interests (OTC: CHIT). With
a footprint spanning diverse but synergistic industries, Cherubim is leveraging
a unique, hybrid business model in order to maximize shareholder benefit. A
model which is driven by alternative commercial, single and multifamily
dwelling opportunities on the one hand, and by exploitation of the company’s
exclusive worldwide license for proprietary plant cultivation technology, via
its wholly-owned BudCube Cultivation Systems USA subsidiary, on the other.
BudCube’s portable, scalable cultivation system allows
cultivators quick entry into the market using a logistically more efficient
solution than traditional site build out and cultivation system implementations
– and at a substantially lower price point to boot. Tag teamed with a real
estate development and property management effort, BudCube Cultivation Systems
can strike like lightening, and rapidly hit anywhere on earth that cannabis
cultivation becomes legalized. Whether it is taking existing square footage and
dropping in an array of BudCube’s, or leasing BudCube’s to cultivators as a
drop-in, no nonsense solution for easily maintaining crop integrity, yield, and
potency – Cherubim Interests is aiming to ride the crest of the green rush all
the way to money town.
Investor upside is serious business for CHIT, too, with the
recent issuance of a Convertible Preferred Stock Dividend to individual
shareholders clearly marking the front end of what is an entire series of
carefully planned initiatives designed to bolster stockholder equity. This raft
of stimuli is also intended to serve as a schematic moving forward, pulling in
more and more investment as Cherubim Interests accelerates into the acquisition
of undervalued assets. To wit, on November 5, CHIT initiated a move to fund the
acquisition of one or more income producing properties via the issuance of
convertible preferred shares, with preferred shareholders receiving dividends
that are tied directly to property income.
Cherubim is keeping its lips tightly sealed until
negotiations have been finalized, but anticipates disclosing the location of
the initial target location within weeks. CEO of CHIT, Patrick Johnson,
indicated to markets that the company currently has a number of potential
locales in the hopper with strong investment potential, and that the company is
now quite busy with the final due diligence on a carefully vetted handful of
other targets.
Exciting times for a company like CHIT, with its extensive
real estate development know how spanning due diligence, acquisition and
planning, as well as construction, renovation, and eventual property
management. With its bedrock in handling full-spectrum, start-to-finish
development programs on properties for commercial, single and multifamily, as
well as mixed use, Cherubim Interests is perfectly positioned to capitalize
both on the real estate market, where housing starts were up 6.5 percent in
September, with an 18.3 jump in multifamily units (including apartments and
condos), and the burgeoning marijuana market.
Learn more about Cherubim Interests by visiting
www.cherubiminterests.com
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