Cocannco may have an opportunity to become a publicly traded company and target investment Clearly California is growing.

Clearly California is a Cocannco target investment based in central California. The company has developed a proven, profitable model and has begun scaling. Founded in 2020, Clearly California has plans to expand and reach $5.5 million in sales by 2024.

Nonaccredited investors are well-positioned to fill the vacuum in the cannabis space, introducing a new Reg D offering open to nonaccredited investors, and the short-term investment opportunity in Clearly California is still available.

Clearly California is a Cocannco target investment based in central California and already profitable. Founded in 2020, the company has plans to expand and reach $5.5 million in sales by 2024. 

Regulation A+ was signed into law as part of the JOBS Act in 2012. This Act means entrepreneurs have greater access to capital, and non-accredited investors have greater access to investing in high-growth companies. It is, in essence, crowdfunding. 

The “Marijuana 1-to-3 Act” directs the Drug Enforcement Administration (DEA) to make this change. Rep. Steube says the measure would allow “researchers to access federal funds to determine its medical value.”

According to a recent study published in the Psychological Medicine Journal, cannabis legalization has not led to an increase in substance use disorders or increased use of other illicit drugs, and “should not be considered a ‘gateway drug.’”

While it’s all doom and gloom in the news about the cannabis market, Cocannco is well positioned to grow, with the forecast predicting $72 billion in market growth by 2030. 

The US Senate approved legislation on November 16 that would ease restrictions on medical marijuana-related research. This is the first time Congress has passed a bill solely related to marijuana.

After elections this week, two more states – Missouri and Maryland – have legalized the recreational use of marijuana. The victories in these two states together could generate nearly $2 billion in adult-use sales within a few years. 

The cannabis sector is a proven multibillion-dollar industry taking shape right in front of us. It’s now medically legal in 41 states and decriminalized for adult use in 23 states. It’s only a matter of time before cannabis is federally legal.

President Biden has just pardoned more than 6,500 individuals with prior federal or D.C. convictions for simple marijuana possession. This is a win for justice in the cannabis industry.