NEW YORK, March 29, 2017 /PRNewswire/ --
FinancialBuzz.com News Commentary
The U.S. could see significant economic benefits from the expanding legal cannabis market. According to a new report published by New Frontier Data, the legal cannabis market is projected to create 283,422 jobs by 2020. The accelerating pace of cannabis legalization in the United States, as well as the economic benefits of legalizing cannabis, are considered to be a major factor that drives growth in this sector. Medical cannabis is now legal in 28 states, while eight states have legalized cannabis for recreational purposes. ChineseInvestors.com Inc. (OTC: CIIX), MassRoots Inc. (OTC: MSRT), CV Sciences Inc. (OTC: CVSI), United Cannabis Corporation (OTC: CNAB), Aurora Cannabis Inc. (OTC: ACBFF)
Giadha Aguirre De Carcer, Founder and CEO of New Frontier Data, said: "These numbers confirm that cannabis is a major economic driver and job creation engine for the U.S. economy. While we see a potential drop in total number of U.S. jobs created in 2017, as reported by Kiplinger, as well as an overall expected drop in GDP growth, the cannabis industry continues to be a positive contributing factor to growth at a time of potential decline. We expect the cannabis industry's growth to be slowed down to some degree in the next 3 to 5 years. However with projected total market sales to exceed $24 billion by 2025, and the possibility of almost 300,000 jobs by 2020, it remains a positive economic force in the U.S."
ChineseInvestors.com Inc. (OTCQB: CIIX) is a premier financial information website for Chinese-speaking investors. On March 20th the company announced, 'that it has established and registered XiBiDi Biotechnology Co., Ltd. in the Pudong Free-Trade Area in Shanghai, with registered capital requirements of $1.45 million USD over the next 10 years. XiBiDi Biotechnology will focus on the online and offline sales of health products, including hemp-derived CBD (cannabidiol) oil, as well as hemp-based food and beverages. Notably, the Chinese character 'XiBiDi' is homophonic to 'CBD' in English.'
"I am delighted about the establishment and registration of our new hemp company," says CIIX founder and CEO, Warren Wang. "XiBiDi Biotechnology is strategically located in the Pudong Free-Trade Area of Shanghai, China, where we have the opportunity to reach a consumer base of nearly 1.4 billion people. We believe that this large population affords XiBiDi an outstanding opportunity to be the provider of choice for natural hemp products."
According to ChineseInvestors.com, XiBiDi Biotechnology will be the operator of CIIX's recently launched CBD online store, http://www.ChineseCBDoil.com, which will primarily focus on selling, where-legal, hemp-based CBD nutrient and health products to Chinese-speaking customers worldwide, through the online retail process. CIIX is also in preparations to open a retail store based in the predominantly Chinese community of San Gabriel, California. The establishment of XiBiDi Biotechnology supplements these ventures, as well as the company's broader mission to develop its presence in the hemp industry. In addition to retail and direct sales, the company will focus on the legal import of hemp-based (but not CBD oil products) health products in China - a population increasingly interested in the health benefits of hemp and CBD oil - and the export of hemp food and beverages to the United States, Canada and Europe."
MassRoots Inc. (OTCQB: MSRT), a leading technology platform for medical cannabis patients and businesses, has launched its new website, http://www.MassRoots.com. Powered by more than one million registered users, MassRoots enables consumers to rate products and strains based on their efficacy, and then present this information in easy-to-use formats for consumers to make educated purchasing decisions at their local dispensary. Businesses are able to leverage MassRoots, by strategically advertising to consumers based on their preferences and tendencies. "MassRoots' new website enables us to broaden our audience and more effectively monetize our users and web-traffic," stated MassRoots Chairman and CEO Mr. Isaac Dietrich. "We are already seeing hundreds of thousands of unique page views per month and are confident that the significant functionality and SEO improvements in MassRoots' new website will enable us to accelerate our user and web-visitor growth. At the same time, we have greatly expanded the inventory and targeting options available to MassRoots' advertisers, which will have an immediate and direct impact on our revenue."
CV Sciences Inc. (OTCQB: CVSI) operates two distinct business segments: Pharmaceuticals and Consumer Products. CV Sciences' Pharmaceutical Division is developing synthetically‐formulated cannabidiol‐based medicine, pursuing the approval of the U.S. Food and Drug Administration for drugs, with specific indications utilizing cannabidiol as the active pharmaceutical ingredient. CV Sciences has achieved promising preclinical results in the development of cannabinoid medicines for treatment of a range of medical conditions. CV Sciences' Consumer Products Division delivers botanical‐based cannabidiol products that enhance quality of life. Currently distributed nationally in health food stores, health care provider's offices and online, each consumer products brand is backed by a formal safety review, growing body of case reports, and physician's recommendations.
United Cannabis Corporation (OTCQB: CNAB) is engaged in medical spa management business. The Company focuses on providing products, services and intellectual property to the cannabis industry. It owns intellectual property relating to the legalized growth, production, manufacture, marketing, management, utilization and distribution of medical and recreational marijuana and marijuana infused products. The Company focuses on advancing the use of phytocannabinoid therapeutics in medicine through research, product development and education.
Aurora Cannabis Inc. (OTCQB: ACBFF) wholly-owned subsidiary, Aurora Cannabis Enterprises Inc., is a licensed producer of medical cannabis pursuant to Health Canada's Access to Cannabis for Medical Purposes Regulations (ACMPR). The Company operates a 55,200 square foot, state-of-the-art production facility in Mountain View County, Alberta, and is currently constructing a second 800,000 square foot production facility, known as "Aurora Sky", at the Edmonton International Airport. The Aurora Sky project has secured advanced technology from the most renowned design and construction suppliers in the Netherlands. Aurora is committed to providing all of its patients with the highest standard of product quality, customer service, and affordable pricing. They offer $8/gram strain pricing; $5/gram compassionate pricing, free shipping Canada-wide, and influence future strains and products.
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