cannabis business: For many of the world's biggest cannabis businesses, the only viable option to capture enough of Canada's legal recreational market is to grow their own marijuana, an operation many say they would prefer not to undertake, according to Market Watch. But in California, where state lawmakers have allowed a slow process of moving an estimated 68,150 cannabis farmers into the legal market, a relatively new form of cannabis business has emerged a middleman that does not grow pot itself, but rather distributes it. As marijuana finds legitimacy, it may end up producing the same kind of system, judging by a California company that has emerged as a powerful distributor with revenue totals that rival some of the largest pot companies. Flow Kana, one of the largest legitimate cannabis distributors in California, has built relationships with more than 100 farmers in the state's Emerald Triangle a region consisting of Humboldt, Mendocino and Trinity counties, renowned for their pot-growing prowess and expected to finish 2018 with revenue of 27.5 million, according to information provided to prospective investors that Market Watch obtained. Flow Kana spokeswoman Cate Powers declined to comment on the documents Market Watch obtained. Flow Kana is burning through cash fast, though, with 78% of its projected going to costs related to its plan to become one of the country's largest weed businesses The company expects revenue to balloon to 2.26 billion by 2022, and profitability to arrive in 2020.
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