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Recreational Marijuana Legalization Boon to Cannabis-Related Companies
SEATTLE, Jan. 13, 2014 /PRNewswire/ -- MagicalButter.com, a public benefit corporation and manufacturer of its eponymous machine, has greatly benefited from the implementation of new marijuana legalization. Since recreational use of marijuana was approved and implemented in Colorado and Washington, the company has recorded a major spike in the market for its MagicalButter MB2, causing the company to sell-out of its already popular machine in days. While the company is ramping up manufacturing to meet this demand, the MB2 is on back-order through at least the first week of February.
"The combination of the media's new-found understanding and focus on the benefits of medical marijuana oil's ability to help treat seizures, our recently released YouTube video, How to make MBO, MagicalButter Cannabis Oil, and legalization in two states created a buying frenzy," said Garyn Angel, CEO of MagicalButter.com. "We considerably underestimated new demand for our product. Three months of inventory disappeared in a matter of days," he continued.
The MagicalButter product line is expanding. International demand has gone parabolic. Until now the MB2 was only available in 110V. This February the company will unveil its 220V MB2, in the U.K., Australia, Europe, and Asia. The company is also adding two new accessories to its MB2 packaging - a proprietary molded silicon glove and a micro-filtration mesh screen 'Purify' filter bag.
MagicalButter's MB2 is a botanical extractor that consumers use with herbs to make healthy great-tasting food, tinctures, butters, oils, salad dressings, balms, sauces, flavored alcohols, and so much more. The microprocessor controlled MB2 provides unparalleled consistency to customers in the comfort of their own home.
"We were already breaking projections at the end of 2013, but now we see that our 2014 estimates will need to be significantly revised upward to incorporate this tremendous increase in demand," said Angel. "We are considering an IPO, market conditions are stellar for cannabis related stocks, and MagicalButter is the largest PCAOB audited company in the sector."
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