NEW YORK, April 21, 2014 /PRNewswire/ -- CannaVest Corp. (OTCQB: CANV) is in the business of investing and developing hemp-based cannabinoid companies. CannaVest Corp. also develops, produces, markets and sells products to the nutraceutical industry containing the hemp plant extract, cannabidiol (CBD). Additionally, the company resells raw product acquired by CannaVest Corp. Pursuant to the company's supply relationships in Europe, CannaVest Corp. seeks to take advantage of an emerging worldwide trend to re-energize the production of industrial hemp and to foster its many uses for consumers.
Public support for cannabis continues to rise. Last week, a Pew Research Center survey found that three in four Americans believe the sale of marijuana will eventually become legal across the nation regardless of their personal beliefs about the drug. Doctors also appear to be getting on board with the healing properties of cannabis: WebMD conducted a survey last week showing nearly 70% of doctors believing medical marijuana can help with certain treatments and conditions.
Marijuana stocks have taken a real beating in the past month. The SEC has issued trading halts on five stocks in the cannabis industry. The sector scrutiny by the SEC has come following FINRA's warning about marijuana stock scams and the euphoria that has generated triple digit stock performance by many marijuana related companies.
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