DENVER--(BUSINESS WIRE)--Leafbuyer Technologies, Inc. (OTCMKTS: LBUY) (“Leafbuyer”) Leafbuyer Technologies, Inc. a leading cannabis technology platform, announced today that the Company is strategically positioned for major expansion into the California Recreational cannabis market in 2018. With the passage of Proposition 64, effective January 1, 2018, California residents no longer require doctor’s approval to buy cannabis. Leafbuyer is well-prepared to connect consumers with dispensaries across California, the world’s sixth largest economy and most populous state, with approximately 70% of the 39 million residents over 21 years of age, the legal age for cannabis use in the state. The market for marijuana in California is expected to hit $3.7 billion next year and more than $5.1 billion in 2019. Seven other states and the District of Columbia have legalized recreational cannabis and investment bankers have modeled this market growing to a dramatic $50 billion by 2026, up from $6 billion last year.
"Kurt Rossner, CEO of Leafbuyer Technologies Inc., stated, "Since the foundation of Leafbuyer, we have set our sights on expanding our business, offerings and sales force. We have had ample time to ramp up our presence in California and early January we will be fully operational in the largest, global, cannabis market. Having extensive experience in the Colorado market, we look forward to building a thriving business in the California market which, is anticipated to be 5 to 7 times the size of Colorado’s established market. We look forward to expanding across California and building our business in additional markets in the U.S. and Canada in 2018 and beyond.”
About Leafbuyer Technologies, Inc.:
Leafbuyer is one of the most comprehensive online sources for searchable cannabis deals, specials and menus. Leafbuyer.com connects consumers with dispensaries. Leafbuyer works alongside businesses to showcase their unique products and build a network of loyal patrons. Leafbuyer’s national network of cannabis deals and information reaches millions of consumers monthly.
Leafbuyer is the official marijuana deals platform of thecannabist.co (owned by The Denver Post) Voice Media Group and Grasscity.
Learn more at leafbuyer.com.