Windfire Capital Corp. has recently closed a private placement and is actively seeking business opportunities in the medical marijuana industry. Health Canada has announced new regulations regarding medical marijuana which could result in significant growth for agricultural companies that obtain licenses under the new system. As of April 1st the only legal access for medical marijuana in Canada will be through licensed producers. Health Canada estimates that the market could be worth $1.3 billion by 2024 and other industry experts place the value of the market at $2.6 billion by 2016. Analysis of the American marijuana market by Arc Vie Angel Investments forecasts a 64% growth in the legal U.S. cannabis market to $2.34 billion in 2014 and estimates that the five-year national market could grow to $10.2 billion because of rising demand and potential new legal-state markets.
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