NEW YORK, September 28, 2017 /PRNewswire/ --
According to a report by Grand View Research, the global medical cannabis market is projected to reach a value of USD 55.8 billion by 2025. After the elections of 2016, Washington D.C., along with 28 states have legalized cannabis for medical use. The growing number of states and countries receiving approval for use in therapeutic applications are one of the crucial factors driving the demand over the next few years. Grand View Research indicates that several regulatory frameworks such as the Medical Marijuana Regulation and Safety Act, will require individuals or companies to obtain permission and also an annual state license from 2018. Companies such as growers, retail operators, and makers of processed pot products will be focused on, and an increasing number of issued licenses are also among factors helping to drive the market. Global Payout, Inc. (OTC: GOHE), General Cannabis Corp. (OTC: CANN), Easton Pharmaceuticals, Inc. (OTC: EAPH), United Cannabis Corporation (OTC: CNAB), Kush Bottles, Inc. (OTC: KSHB)
The legalization movement in the United States and in other countries is already bearing fruit of "Cannabis stocks significantly outperformed major indexes in 2016, fueled by speculative investment based on anticipated expansion of new legal markets. In the run up to the election, stocks increased by 207.8% and continued to rise, even with an uncertain future under the new administration. While recent comments by the Trump administration did have an initial dampening effect on the market, we have seen continued growth relative to Q4 2016 whereby cannabis stocks are still outperforming other sectors," said Giadha Aguirre De Carcer, CEO of New Frontier Data.
Global Payout, Inc. (OTC: GOHE) announced yesterday that, "its majority owned subsidiary, MoneyTrac Technology, Inc. ("MTRAC", the "Company"), has finalized a majority ownership acquisition of PotSaver, a Southern California based, revenue producing, community periodical providing listings on discounted cannabis-related products for local dispensaries and shops.
The majority ownership acquisition will provide MTRAC with an immediate revenue stream from existing subscription-based earnings for PotSaver. Additionally, PotSaver currently generates revenue through an agreement with Greenrush. Greenrush's technology is the largest on-demand delivery platform in the cannabis industry, connecting patients with local dispensaries across California, Nevada and Colorado."
"The majority ownership acquisition of PotSaver marks a significant milestone for MoneyTrac Technology," said MTRAC COO, Vanessa Luna. "Not only does it provide our company with an immediate source of revenue, but it provides us with a unique opportunity to take a proven revenue-generating business model and expand it through the infusion of the many different tools and resources we have available through our networking, software and business development capabilities. Mr. Adler and his team have worked tirelessly to create and manage the respected brand PotSaver, which has been well established throughout the San Diego market and is transitioning to mass distribution throughout Southern California. We are truly excited to be given an opportunity to help further develop the brand into one of the most recognized within the cannabis industry," Ms. Luna remarked further.
"In having had the opportunity to work in close collaboration with Ms. Luna and the MoneyTrac team in recent months, I have seen firsthand the experience, drive, and strong business sense they possess," said PotSaver Founder, Aaron Adler. "The many different avenues that this acquisition creates for the PotSaver brand to take full advantage of the opportunities that continue to materialize throughout our rapidly growing industry, is second-to-none. I have every bit of confidence in Ms. Luna and her team's abilities to now become an even bigger resource for PotSaver's growth and expansion, and ultimately see it reach its fullest potential," Mr. Adler commented further.
General Cannabis Corp. (OTCQB: CANN) is the comprehensive national resource for the highest quality service providers available to the regulated cannabis industry. We are a trusted partner to the cultivation, production and retail sides of the cannabis business. General Cannabis announced the acquisition of Mile High Protection Services LLC ("Mile High"). Mile High has a diversified client roster, providing security services to hospitality companies, such as hotels, and to licensed cannabis retailers and cultivators in Colorado.
Easton Pharmaceuticals, Inc. (OTC: EAPH) is a diversified specialty pharmaceutical company involved in various pharmaceutical sectors and other growing industries. On August 16th, Easton Pharmaceuticals announced closing agreement with Canadian based - Alliance Group - Easton has advanced $575,000 towards its acquired interest in 45 acres of a 135-acre fully owned parcel of land for the cultivation, production and sale of medical / recreational marijuana to the cannabis industry and towards other revenue producing businesses.
United Cannabis Corporation (OTCQB: CNAB) is a biotechnology company dedicated to the development of phyto-therapeutic based products supported by patented technologies for the pharmaceutical, medical, and industrial markets. Recently, the company announced that it has signed an Agreement with Releaf Global Pty Ltd. to form and operate an Australian corporation for the purpose of commercializing the Company's patented Prana Bio Nutrient Medicinals, cannabis-centric products and technologies in Australia and other territories. On February 24, 2016, Australia legalized medical marijuana for patients with painful and chronic conditions, and provided for approved companies to import, store and sell cannabis while domestic production ramped up to support patient demand.
Kush Bottles, Inc. (OTCQB: KSHB) provides unique products and services for both businesses and consumers in the cannabis industry. Recently, the company announced that it has created a new professional services program to develop unique, custom-formed child-resistant packaging systems. The company can now offer an entire range of packaging solutions, from certified child-resistant pop-tops and exit bags, to proprietary and exclusive shapes that create a one-of-a-kind look and feel. Using a combination of in-house CAD drawings and new 3-D Printing, Kush is able to create custom designs and make prototypes that are rapid and cost effective.
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