Grow Condos ( GRWC : OTCQB ) is the world’s first publicly-listed real estate company dedicated exclusively to the Cannabis industry. We own, develop and manages industrial properties with the stated mission of enabling and enhancing the cultivation of Cannabis growers. We also outfit these growers along with supplying them with a unique advisory and consulting services
Right now, it’s estimated that the U.S. cannabis consumer market for legalized recreational and medicinal use was $4.4 billion in 2015 and in all likelihood will grow to $9.5 billion in 2019. Once legalized federally, it’s estimated this market will grow to $37 billion within 5 years and $50 billion within 10 years.
Cannabinoid therapeutic applications have been identified for more than 40 medical conditions including arthritis, cancer, chronic pain, epilepsy, glaucoma and HIV/ AIDS and that it’s believed that the future cannabinoid-based pharmaceuticals market may ultimately exceed $50 billion.
That industry experts believe that with the states increasingly accepting Marijuana; that federal legalization is not a question of if but rather when. Just like it all happened with lift prohibition in in the 1920’s. It’s time has come.
Our company is taking a very unique approach to this explosive industry. Its very similar to the "Pick and Shovel approach that was used back in the Gold Rush and the Great Land Grab of the Unites States. We believe the greatest opportunities and leverage are not in the Marijuana per sa but rather in the supplying the industry itself. And that, the greatest and most profitable opportunities will be in Real Estate, Education and Advisory Services.
Already, right now our company owns and operates our first 10 unit facility based in Medford Oregon. This initial complex is already fully rented out with a long waiting list. This initial first facility is where the initial inception of Grow Condo’s was initially developed was when we discovered just how much that tenants were passionate with their units and how willing they are to spend big money on leasehold improvements and on customizing their individual units in order to fulfill that passion. It was then when we discovered we wanted to be in the business of helping marijuana industry professionals fulfill their passion and make real estate the cornerstone and backbone of the Grow Condo’s business model.
Grow Condo’s itself can be broken down into 3 main revenue prongs
Management believes there is a tremendous opportunity to build out a national footprint across the USA for this formula as more and more states make Marijuana legal
Our second Real Estate play that we are equally excited about is our recreational RV park called "Smoke on the Water". Another first to the industry "Smoke on the Water" aims to build fun and exciting new twist for campers wanting a unique recreational marijuana camping experience in legal states.