Sep 11, 2020 (NetworkNewsWire via COMTEX) -- CannabisNewsWire Editorial Coverage : A recent Data Bridge Market Research report notes that the once-hot cannabis industry looks to be heating up again -- in a big way. The report includes predictions that the global legal marijuana market will total more than $90 billion by 2027. Smart companies are jostling for a strong position in this explosive space, looking to leverage their expertise to capitalize on opportunities the multi-billion-dollar sector provides. Recognizing key challenges in the industry, including availability of often subpar quality of available product along with the high cost of development and land acquisition, Pac Roots Cannabis Corp. /zigman2/quotes/202738285/delayed CA:PACR 0.00% ( PACR Profile ) is focusing on its state-of-the-art genetics to ensure production of premium-quality products. In addition, the company is relying on science and key strategic partnerships to eliminate quality and cost barriers to success.Cresco Labs Inc. /zigman2/quotes/205276242/delayed CA:CL +2.17% (otcqx:CRLBF) has received regulatory approval for its acquisition of one of 10 vertically integrated licenses in New York while Tilray Inc. /zigman2/quotes/209129655/composite TLRY +13.79% has received complete GMP certification at its EU campus. Aurora Cannabis Inc. /zigman2/quotes/210559470/composite ACB +20.21% /zigman2/quotes/203734337/delayed CA:ACB +17.94% has almost completed the first phase of a business transformation focused on setting up the company for success in this burgeoning space. And in the medical-use sector, Arena Pharmaceuticals Inc. /zigman2/quotes/200715023/composite ARNA +0.61% is pursuing a significant unmet opportunity for a targeted...
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