NEW YORK, November 8, 2016 /PRNewswire/ --
ChineseInvestors.com (OTCQB: CIIX) ("CIIX" or the "Company"), the premier financial information website for Chinese-speaking investors in both the North American and China, announces today that it will launch the world's first Chinese-language talk show specifically focused on investment opportunities in the Cannabis sector. The content of this talk show will follow the latest trends in both the medical and recreational cannabis markets, explore the promising growth of this new emerging industry, and identify select cannabis equities with the greatest potential for capital appreciation. The five-minute talk show is expected to be launched after December 1st, 2016, and it will be available on the company's official Youtube Channel as well as the Phoenix North America Chinese Channel, which is one of the most popular subscriber-only media platforms in the Chinese-speaking communities.
November 8th will be a critical day for the cannabis industry, as five states, including California, will hold referendums on whether or not to legalize recreational marijuana. Four other states, including Florida, will vote whether or not to legalize medical marijuana. According to a report from Cowen & Co, the legal cannabis industry in the U.S. is expected to be worth $50 billion by 2026, expanding to more than eight times its current size, as the legal market will gain new consumers and former illicit users. Legalization of recreational marijuana use in California, where cannabis is already medically permitted, would triple the size of the nation's current $6 billion legal industry.
Warren Wang, founder and CEO of CIIX, commented: "Many Chinese investors still have a bias against the cultivation and sales of cannabis and we need to make them aware of the huge potential business opportunities within this industry. In addition, if recreational marijuana is legalized in California, an estimated $1 billion in new tax revenue would be directed toward specific drug use prevention programs and treatment, helping at-risk youth, law enforcement, and medical cannabis research."
Mr. Wang further remarked: "In 2015, 1.8 million Chinese tourists visited United States and spent over $21.1 billion. We believe that many of these tourists may be curious about the California cannabis legislation and may come to the state to either experience the American recreational marijuana culture or invest in this emerging market. Our plan to launch a first of its kind Chinese-language talk show focused specifically on the cannabis sector will definitely assist the Chinese-speaking investor in overcoming the language barrier and also help cannabis retailers to attract more potential medical users."
About ChineseInvestors.com (OTCQB: CIIX):
ChineseInvestors.com, Inc. ('CIIX'), founded in 1999 endeavors to be an innovative company; providing (a) real-time market commentary, analysis, and educational related services in Chinese language character sets (traditional and simplified), (b) support services to our various partners, (c) consultative services to smaller private companies considering becoming a public company, (d) advertising and public relation related support services, and (e) other services we may identify having the potential to create value or partnership opportunity with our existing services.
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SOURCE ChineseInvestors.com, Inc