Cherubim Interests, Inc. (CHIT) Set to Benefit from Strong Performance of Colorado Cannabis Industry
Following its legalization of cannabis for recreational use at the beginning of 2014, the performance of Colorado’s recreational and medical marijuana markets have exceeded expectations. Last year, the state recorded just shy of $700 million in total sales, beating market forecasts by more than 20 percent, according to the Legislative Council of the Colorado General Assembly. This sharp increase in demand produced a similar spike in cultivation figures, with more than 500,000 plants being cultivated each month as of December 2014. Cherubim Interests, Inc., through wholly-owned subsidiary BudCube Cultivation Systems USA, is primed to capitalize on this cultivation boom through…