NEW YORK, August 9, 2016 /PRNewswire/ --
The Cannabis Sector has been heating up for a number of years now. In the past few years, there has been a huge surge in new companies stepping in because of user growth. According to a Gallup poll on August 8th, 2016, one in eight U.S. adults say they smoke marijuana. The report elaborates even further that thirteen percent of U.S. adults currently smoke marijuana, which is roughly up almost double that from 3 years ago. This indication is why small Cannabis companies are trying to capitalize on the sector growth. Medical Marijuana, Inc. (OTC: MJNA), Terra Tech Corp. (OTCQX: TRTC), General Cannabis Corp. (OTCQB: CANN), South American Gold Corp. (OTC: SAGD), CV Sciences, Inc. (OTCQB: CVSI)
Many states along with the current ones that are now legal for medical or recreational use of marijuana have also grown in the past few years. As a result, lots of entrepreneurs and business savvy companies have been trying to capitalize on the market growth.
Small companies are looking to make a name for themselves in this space. The current ones in the public equity markets that have been tremendous attention grabbers are Medical Marijuana, Inc. (OTC: MJNA), their mission is to be the premier cannabis and hemp industry innovators, leveraging their team of professionals to source, evaluate and purchase value-added companies and products, while allowing them to keep their integrity and entrepreneurial spirit. Terra Tech Corp. (OTC: TRTC), operates through multiple subsidiary businesses, including: Blüm, IVXX Inc., Edible Gardens, MediFarm, LLC and GrowOp Technology. Blüm's retail medical cannabis facilities focus on providing the highest quality medical cannabis to patients who are looking for alternative treatments for their chronic medical conditions
Newer comers like South American Gold Corp. (OTC: SAGD), is focusing on becoming the premiere provider of value added products and services for the cultivation and processing of cannabis for the South American medical and recreational markets with an initial focus on the Uruguayan market. The company late last year was granted its first two licenses for the commercial cannabis production and distribution from Uruguay.
Cynthia Berain, CEO of South American Gold Corp. yesterday commented that, "In early June of this year we released our three-year strategic plan to move our company forward…We feel like Uruguay is the perfect launching point and from there, we believe our success will launch us into numerous other markets and opportunities."
Other small Cannabis companies making a name for themselves General Cannabis Corp. (OTC: CANN), is the all-in-one resource for the highest quality service providers available to the regulated Cannabis Industry. Through a combination of strong operating divisions such as real estate, consulting, security, financing and the distribution of important infrastructure products to grow facilities and dispensaries, the company is trying to position themselves. CV Sciences, Inc. (OTC: CVSI) focuses on drug development activities on products containing cannabidiol (CBD) as the active pharmaceutical ingredient, and is engaged in the development, marketing and sale of end consumer products containing CBD, which is refined into its PlusCBD Oil™ and Purified Liquids™ brands.
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