Medical Marijuana Is Heading To Wall Street
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Medical Marijuana Is Heading To Wall Street

An IPO is likely on the way in 2011 for a medical marijuana sector company.

GrowOp Technology, Ltd., a medical  indoor hydroponics and agricultural equipment manufacturer, is planning an initial public offering in 2011.  California has more than 500 hydroponic retailers, and GrowOp estimates they they generate more than $250 million in annual sales; nationally this is a billion dollar business with growth rates of approximately 40% in recent years. Franchise interest has come from California, Colorado, Michigan, and Arizona.

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