NEW YORK, January 12, 2017 /PRNewswire/ --
http://www.Financialbuzz.com - 2016 was an important year for the cannabis market. The industry reached several significant milestones during the year. For example, recreational and medical cannabis sales in the state of Colorado reached $1 billion in the first ten months of 2016, according to data from the state's Department of Revenue. Also, the first medical cannabis properties-focused REIT went public in the New York Stock Exchange. Sales of legal cannabis maintained strong growth in 2016. According to a research published on January 3rd 2017 by ArcView Group, the legal cannabis sales in the U.S. last year reached $6.7 billion, a growth of 30 percent from 2015. NutraFuels, Inc. (OTC: NTFU), MCig Inc. (OTC: MCIG), Cannabis Science Inc. (OTC: CBIS), Terra Tech Corporation (OTC: TRTC), Marijuana Company of America Inc. (OTC: MCOA)
In an interview with one of the most popular news networks, Attorney Christian Sederberg, partner at Vicente Sederberg, said that "This milestone continues to show that the cannabis industry in Colorado is an engine of growth for the economy, a job creator, and one of the biggest industries in the state. People were consuming cannabis before, but now they are buying it from tax-regulated businesses that are benefiting the economy. This has replaced an underground, illegal market. From 2015 to 2016, there has been a 53% increase in retail sales and a 9% increase in medical sales. Medical sales are growing at a much slower rate, but recreational sales will continue to grow in the double digits."
NutraFuels, Inc. (OTC: NTFU) is a manufacturer, distributer and marketer of a line of oral spray nutritional dietary products to consumers, retailers and wholesale outlets. The company's product line consists of vitamins and nutrients in an aqueous solution, orally delivered through a non-aerosol pump.
Just yesterday after the close, NutraFuels Inc. announced that, "the company's partner and private label customer MyDailyChoice has just hired a Country Manager in the Philippines and will be doing an official launch event January 24th, 2017. During the launch event, MyDailyChoice will be opening their new office in Manila and speaking in front of hundreds of entrepreneurs who are excited about the new line of oral spray products, vision, and business opportunity. In addition, MyDailyChoice has secured a bank account & company registration in Ghana. With the anticipated momentum in Africa and Asia, the two companies are forecasting strong distribution and sales growth throughout 2017.
"We are very excited about expanding into the Philippines and Ghana. The Philippines is a gateway into Asia, and Ghana is a gateway into Africa. These are two monumental opportunities for the company and we are excited for our affiliates and partners involved," said Josh Zwagil, MyDailyChoice CEO and Founder.
"As we expand into Philippines and Ghana we are excited yet humbled by the new business developments taking place," said Edgar Ward, NutraFuels' CEO. "We have been building our company's foundation for several years now, have survived many trials and tribulations and realize there are to come. We will continue to remain focused on building our business and delivering quality health and wellness support through supplementation to people around the world."
MCig Inc. (OTCQB: MCIG) is engaged in manufacturing, marketing and distributing electronic cigarettes, vaporizers and accessories under the mCig brand name that offers electronic cigarettes and related products through its online store, as well as through its wholesale, distributor and retail programs. Its segments include Construction, Internet Sales and Wholesale. The Construction segment develops, designs, engineers, and constructs modular buildings with elements that assist cannabis growers in the market. It provides streamlining of administrative and documentation services, consolidation of inventories and supports economy of scale.
Cannabis Science Inc. (OTC: CBIS) has recently entered into a Collaborative Research Agreement with a Massachusetts non-profit corporation, Dana-Farber Cancer Institute. The reason for the agreement is to seek for the treatment of cancer and the Company would like to collaborate with the Institute to develop and investigate the use of Cannabinoids to cure various cancers and obtain from the Institute data and certain rights to inventions that are developed during research funded by the Company. Cannabis Science is engaged in medical cannabis research and development that works on phytocannabinoid science targeting critical illnesses, and adheres to scientific methodologies to develop, produce and commercialize phytocannabinoid-based pharmaceutical products.
Terra Tech Corporation (OTCQX: TRTC) is a vertically integrated cannabis-focused agriculture company. Terra Tech is pioneering the future by integrating cannabis with advanced technology to create sustainable solutions for medical cannabis production, extraction and distribution, plant science research and development, food production and Closed Environment Agriculture. Through this development, the company has created relevant brands in both the cannabis and agriculture industries. The company operates several subsidiaries in both medical cannabis and urban agriculture, such as IVXX™ and Edible Garden®.
Innovative cannabis and hemp marketing and distribution company, Marijuana Company of America Inc. (OTC: MCOA) has recently launched its inaugural product, "hempSMART Brain". HempSMART Brain core ingredient is Cannabidiol, combined with ingredients to compliment the cannabidiol to support brain health. HempSMART Brain meets the increasing demand for products with medicinal benefits that assist in brain function with a synergistic mixture of verified natural brain support ingredients, blended with water soluble cannabidiol to provide optimal bio accessibility for brain support and protection.
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