NEW YORK, February 14, 2018 /PRNewswire/ --
A report by New Frontier Data in partnership with Arcview Market Research indicates that the legalization of cannabis in California, Massachusetts, Nevada, Florida, Arkansas and North Dakota will result in new markets that will account for $7.1 billion in sales by 2020. The data estimates that the total U.S. cannabis market will surpass $20.9 billion by 2020. By segment, the medical cannabis market was worth $4.7 billion in 2016 and is expected to grow to $13.3 billion by 2025. Recreational cannabis sales during the same period are projected to grow at a 21 percent CAGR, from $1.9 billion to $10.9 billion. Chineseinvestors.com, Inc. (OTC: CIIX), Medical Marijuana, Inc. (OTC: MJNA), PotNetwork Holding, Inc. (OTC: POTN), CV Sciences, Inc (OTC: CVSI), Freedom Leaf, Inc. (OTC: FRLF)
Among the wide range of products in the cannabis industry, CBD products are in the spotlight. CBD oil is nonpsychoactive and is known for reliefs of pain, anxiety and depression, stimulate appetite and have anti-inflammatory and anti-acne properties. In a report by NY Times, Shereene Idriss, a dermatologist in Manhattan, explained the difference between CBD and hemp products: "CBD lotion that also has THC in it, it's going to help you much more with pain relief," she said. "But the ones from hemp, are they going to help as much? It's hard to tell because we don't have the data and studies. Also, the problem is you often don't know how much you are getting - it's completely unregulated."
Chineseinvestors.com, Inc. (OTCQB: CIIX) on February 5th announced that, "Its wholly-owned foreign enterprise CBD Biotechnology Co. Ltd. ('CBD Biotech') will launch 4 new hemp infused skin care products and a cutting-edge magnetic mask for the China Market in February 2018. The products have been approved for sale in China by the China Food and Drug Administration ('CFDA'). In November 2017, CBD Biotech launched its successful CBD Magic Hemp Series, an affordable hemp-infused skincare line which gained huge recognition thanks to the online beauty influencer, The Godfather of Beauty.
CBD Biotech follows this successful product introduction with the launch of the new 'Live Oxygen' series, a luxury skincare line that uses nanotechnology to penetrate the skin more effectively and is designed to maximize anti-aging effects and to restore the skin's youthful glow. These products are designed to be safe for all skin types. The line includes:
- The CBD Bio Tech Live Oxygen Cleanser, a gentle daily cleanser;
- The CBD Bio Tech Live Oxygen Toner that hydrates the skin and balances oil, while minimizing pores;
- The CBD Bio Tech Live Oxygen Facial Lotion, a light daily moisturizer; and
- The CBD Bio Tech Live Oxygen Cream that provides a protective layer over the skin
In addition to the luxury Live Oxygen Series, CBD Biotech is launching the CBD Biotech Magnetic Mask, a leading-edge mask that utilizes magnet technology to create a low-grade electromagnetic current, which may help to rejuvenate when combined with its own blend of soothing, hydrating anti-inflammatory ingredients."
Summer Yun, CEO of CBD Biotechnology Co., Ltd., comments, "The growing Chinese middle-class has shown a desire for luxury skincare products. CBD Biotech is meeting market demands by offering cutting-edge products that use the latest skincare technologies and include our exclusive hemp infused formulas."
"CBD Biotech is establishing itself as a leader in the new hemp-infused skincare market in China and intends to grow its market share in the industry by continuing to expand its product lines, developing new, innovative products for target markets, and growing its online following through well-known, Chinese beauty influencers," he added.
Medical Marijuana, Inc. (OTC: MJNA) is the first publicly traded cannabis company in the United States. Recently, the company announced that its subsidiary HempMeds® is proud to support all United States military veterans with exclusive discounts on its cannabidiol (CBD) hemp oil products. "We view all of our customers as heroes who are helping us spread the important message of the potential health and wellness benefits of CBD," said Medical Marijuana, Inc. CEO Dr. Stuart Titus. "Veterans are an entirely different type of hero, not only because they have risked their lives for the safety of Americans, but also because they have protected our right to spread awareness about CBD as a supplement and the many uses of cannabis and hemp."
PotNetwork Holding, Inc. (OTC: POTN) is a publicly traded company that acts as a holding company for its subsidiaries, First Capital Venture Co., the owner of Diamond CBD, Inc., the maker of Diamond CBD oils. Recently, the company announced that it's wholly owned subsidiary, Diamond CBD, Inc., has reported the highest monthly sales results thus far, entering 2018 with $2,190,000 in revenues, a 50% increase over December's revenues of $1,460,000. Exceeding $2 Million in monthly sales, the Company has broken every record set in its prior history, and continues its trend of overall growth set in 2017. Diamond CBD focuses on the research, development, and multi-national marketing of premium hemp extracts that contain a broad range of cannabinoids and natural hemp derivatives.
CV Sciences, Inc (OTCQB: CVSI), located in Las Vegas, Nevada, focuses on drug development activities on products containing cannabidiol (CBD) as the active pharmaceutical ingredient, and also is engaged in the sale of CBD, and the development, marketing and sale of end consumer products containing CBD, which is refined into its own PlusCBD Oil™ brand. Recently, the company announced today that its industry dominating brand of finished products, PlusCBD Oil™ will be exhibiting at Natural Products Expo West on March 7-11, in Anaheim, California. PlusCBD Oil™, the #1 brand of hemp CBD products in the natural channel according to SPINS scan data, has achieved nationwide success since the launch of its brand of dietary supplements in 2014. The brand continues its fervent expansion in the natural products industry, with its products currently being sold in approximately 1500 independent health food stores and counting.
Freedom Leaf, Inc. (OTCQB: FRLF) is a leading, go-to resource in the cannabis, medical and recreational marijuana, CBD and industrial hemp industries. On January 9, 2018, the company reported that it has fully acquired 100% of Green Market Europe S.L. (GME), a Spanish producer of hemp products. Green Market Europe S.L. facilities include a 21,000 sq. ft. light deprivation greenhouse, a 43,000 sq. ft. indoor growing research facility, and over 200 acres of outdoor production space. The light deprivation allows the increase of the number of yearly crops from 3 to 4 crops a year, and the 43,000 sq. ft. indoor grow facility is used for genetic research and cultivating additional hemp crops. Green Market Europe S.L. is strategically located in Elche, Alicante, an important Spanish business hub, with great year-round weather conditions for agricultural growing and a long tradition of growing hemp. Freedom Leaf, Inc. is currently collaborating with Spanish scientists isolating other rare cannabinoids. Some of the ongoing research includes strains with Tetrahydrocannabivarin (THCV), which suppresses appetite, and Cannabichromene (CBC), which has been shown to aid with depression.
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