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North American Cannabis Holdings Inc (OTCMKTS:USMJ) & Puration Inc (OTCMKTS:PURA) Directing Efforts To Reap Benefits Of Recreational Marijuana Legalization In California & Canada

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North American Cannabis Holdings Inc (OTCMKTS:USMJ) & Puration Inc (OTCMKTS:PURA) are directing all their efforts to reap the benefits made possible by the legalization of recreational pot in California and Canada. Both the companies are trying their best at their end to increase their influence and establish themselves as the leading manufacturer, distributor, and marketer of recreational marijuana in Canada and California.

USMJ just took a step closer to its ambition of gaining a hold in the marijuana market of California by acquiring a company in the state so that it can legally now grow and market recreational cannabis through dispensaries in the Californian markets. PURA too is not lagging behind and recently announced that it has made a foray into the cannabis cultivation business. According to an official from the Texas Company, the new developments by PURA will help it to make the most of its expanded consumer base.

PURA established a 25-greenhouse operation after acquiring First Choice Nursery last year and now plans to increase the operation to 400 greenhouses. The company has already started taking orders for marijuana production with the first booking sales already initiated in the first quarter of 2018. Now the company has all its eyes focused on the expected legalization of recreational marijuana in Canada due this summer.

And it seems PURA wants to take a grip on the marijuana market by being the first to enter the recreational cannabis industry of Canada and that is why it immediately pounced upon the acquisition opportunity formalities of which are expected to complete by the end of this month. PURA has similar aspirations for the marijuana market in California and recently announced that it will establish an extraction operation to produce cannabis-infused beverages in the state for the legal California recreational marijuana market.

PURA And USMJ Working Together In Canada

Both PURA and USMJ are trying their best to seize the opportunity offered by the upcoming legalization of recreational marijuana in Canada and California. USMG is determined to enhance its presence by acquiring a grow operation whereas PURA already has started on the way by establishing an extract facility.

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