FinancialBuzz.com: New Data Projects Growth for the Legal Cannabis Market

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Mar 10, 2017, 08:00 ET

NEW YORK, March 10, 2017 /PRNewswire/ --

Recent data published by New Frontier Data reveals that the legal cannabis market was worth an estimated $6.6 billion in 2016, and is projected to grow at a compound annual growth rate (CAGR) of 16% to reach more than $24 billion by 2025. The medical cannabis market is projected to grow at 12% CAGR through 2025, growing from $4.7 billion in 2016 to an estimated $13.3 billion in 2025. During the same period, adult use sales are projected to grow at a 21% CAGR, from $1.9 billion to $10.9 billion. These projections are based solely on the markets having passed medical and adult use legalization initiatives, as of January 2017. ChineseInvestors.com (OTC: CIIX), MassRoots Inc. (OTC: MSRT), General Cannabis Corporation (OTC: CANN), Cannabis Sativa Inc. (OTC: CBDS), Cannabis Sativa Inc. (OTC: CBDS), Growblox Sciences Inc. (OTC: GBLX)

New Frontier CEO & Founder Giadha Aguirre De Carcer said in a statement, "As we continue to gain better access and visibility into various states' markets, as well as continue to increase the amount and diversity of data collected, we are able to refine our market projections and hone in on where the cannabis industry is going. We applaud, in particular, the work of Washington State, which has set the gold standard in transparency, by making all the data collected by its seed-to-sale system publicly available. This level of transparency is enormously valuable as it enables all stakeholders across the industry, including operators, investors, regulators and policymakers to have a quantifiable view into this highly dynamic industry."

ChineseInvestors.com (OTCQB: CIIX) is a premier financial information website for Chinese-speaking investors. On February 13th, the company provided an update on the Company's financial and business achievements in January 2017. "January represents a significant milestone in CIIX's 18-year history, and we are pleased to update shareholders on key highlights of our progress. This includes sequential revenue growth and our entrance into the hemp-based CBD oil industry," says CIIX founder and CEO Warren Wang. "I am grateful for investors who support our ongoing development plans, and look forward to a prosperous year ahead."

On February 1^st, ChineseInvestors.com also announced, 'the launch of its new website for its new subsidiary ChineseCBDoil.com. The website went live on January 31st under the URL: http://www.ChineseCBDoil.com. The Company is expanding into the medical marijuana industry with the launch of its website and plans to retail hemp oil and related products, which are legal to sell and distribute within China and in the United States, in all fifty states (hemp oil is not marijuana, but indeed a separate and distinct plant made from hemp). CBD oil, derived from hemp, is a product with medicinal qualities that are primarily used for anti-inflammatory and other common ailments. Its website is intended for the Chinese speaking population."

MassRoots Inc. (OTCQB: MSRT) is one of the largest technology platforms in the cannabis industry. The Company's mobile applications enable consumers to provide community-driven reviews of cannabis strains and products, enabling consumers to make cannabis purchasing decisions. Through its mobile applications and Web portal, users utilize MassRoots to share their cannabis content, to stay connected with the legalization news and follow their preferred dispensaries. MassRoots is proud to be affiliated with the leading businesses and organizations in the cannabis industry, including the ArcView Group and National Cannabis Industry Association. The company's business dashboard features MassRoots' product data in actionable formats. The Company focuses on introducing other features for users, and index the network's public content on Google, for software engine optimization value. The Company gains insights into consumer trends by aggregating data from various cannabis consumers.

General Cannabis Corporation (OTCQB: CANN) provides services to the regulated cannabis industry in the U.S. The company engages in the acquisition and leasing of cultivation space and related facilities, to licensed marijuana growers and dispensary owners; and provision of security services, including on-site professionals, video surveillance, and cash transport to licensed cannabis cultivators and retail shops. It also designs, distributes, and sells apparel featuring graphic designs; and offers consulting services to the cannabis industry, that comprise obtaining licenses, compliance, cultivation, logistical support, facility design, and building services. In addition, General Cannabis Corp. provides shared office space, networking, and event services; and leases cultivation equipment and facilities.

Cannabis Sativa Inc. (OTCQB: CBDS), through its subsidiaries, develops, manufactures, and sells herbal based skin care products, in the United States and internationally. It offers herbal based line of products, including Go Deep, a deep penetrating healing salve, that reduces pain and inflammation when massaged into muscles, ligaments, tendons, and joints; Go Deep EXTRA, a deep penetrating pain relief ointment, for use in mitigating migraine and sinus headaches; Face Garden, an antioxidant and moisturizing cream for the face; Body Garden, a moisturizing body lotion; and Lip Garden, an emollient balm. The company also engages in the research, development, and licensing of natural cannabis products comprising cannabis formulations, edibles, topicals, strains, recipes, and delivery systems. It markets and sells its products through sales professionals, as well as through retailers and distributors.

Growblox Sciences Inc. (OTCQB: GBLX) is engaged in developing and utilizing technologies in plant biology, cultivation and extraction techniques combined with biotechnology, and plans to produce medical-grade cannabis, cannabis concentrates and cannabinoid therapies. The Company seeks to be a technology and solution company, that converts the cannabis plant into medicines, therapies and treatments for a range of ailments. Growblox intends to conduct its business operations, through its subsidiaries, in approximately three operating units, which include Solutions, Sciences and Product divisions. The Solutions division involves the development, and use of its suite of controlled-climate indoor agricultural technology growing and cultivation suites, including TissueBLOX, GrowBLOX, CureBLOX and ExtractionLAB. The Science division is engaged in preclinical testing of its biopharmaceutical cannabinoid product prototypes to begin future human clinical trials.

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