NEW YORK, June 1, 2017 /PRNewswire/ --
Cannabidiol (CBD) is the part of the cannabis plant that is usually used for medical reasons. Growth of the medical cannabis market is expected to accelerate as the products become more popular treatments for various medical applications. Chronic pain, post-traumatic stress disorder (PTSD), sleep disorders, anxiety, nerve pain and others. A research report published by The Hemp Business Journal, estimated that the CBD market will grow to a $2.1 billion market in consumer sales by 2020 with $450 million of those sales coming from hemp-based sources. Those projected sales by 2020 show a 700% increase from 2016. In 2015, the market for consumer sales of hemp-derived CBD products was $90 million according to the report, plus another $112 million in cannabis-derived CBD products which were sold through dispensaries. This brings a total CBD market to $202 million as of last year. ChineseInvestors.com, Inc. (OTC: CIIX), CV Sciences, Inc. (OTC: CVSI), Cannabis Sativa, Inc. (OTC: CBDS), Medical Marijuana, Inc. (OTC: MJNA), Mentor Capital, Inc. (OTC: MNTR)
"The United States constitutes 35% of the global pharmaceutical market, the largest market in the world, and a major driver of the U.S. economy. It is one of many industries that will be impacted by the growth of the legal cannabis market and we are already starting to see that trend in legal medical states where use of key prescription drugs is down by 11%. If cannabis were to be adopted nationally, we would begin to see a trend of patients turning to medical cannabis as a substitute or complement to pharmaceuticals," said Giadha Aguirre De Carcer, CEO & Founder, New Frontier Data.
ChineseInvestors.com, Inc. (OTCQB: CIIX) announced earlier today, "It will attend the 6th Annual SeeThru Equity Microcap Investor Conference taking place today at 101 Park Avenue, New York, NY.
SeeThru Equity gave CIIX a target price of $2.05 one year ago," says Warren Wang, Founder and CEO of CIIX. He further added, "Recently, the firm increased CIIX's price target to $3.75, reflecting huge growth potential based on our legal medical cannabis initiatives. In addition, SeeThru Equity also gave CIIX a forecast for revenue from its hemp business, projecting the revenue could grow from $0.7 million in FY2017 to reach 8-digit sales by FY2020E, with continued growth thereafter.
CIIX is in the early stages of penetrating the world's legal medical cannabis market; however, increased market opportunity paired with our demonstrated insight of investing in the medical cannabis industry will enable the Company to capitalize on a unique approach to broad medical cannabis industry growth. We sincerely encourage you to come to our booth at the SeeThru Equity Microcap Investor Conference to learn more about CIIX and the incredible opportunities that wait."
Last week the company also announced, "Chinesehempoil.com Inc., established last month as a wholly owned subsidiary of CIIX, will officially launch its own premium hemp health product line 'OptHemp' which will include the Company's first private label product, OptHemp Ultra Premium Hemp Oil.
CV Sciences, Inc. (OTCQB: CVSI) operates two distinct business segments: a drug development division focused on developing and commercializing novel therapeutics utilizing synthetic CBD; and a consumer product division in manufacturing, marketing and selling plant-based CBD products to a range of market sectors. On May 6th, CV Sciences announced the appointment of Stephen M. Schmitz, MD, MPH to its Board of Directors effective from May 10th, 2017. CV Sciences' President and CEO Michael J. Mona, Jr. commented, "We are very pleased to have Dr. Schmitz join our Board and look forward to his contributions. His extensive medical background and proven track record in the pharmaceutical industry, including his safety and regulatory expertise, will be invaluable to us as we move our drug development program forward to commercialization."
Cannabis Sativa, Inc. (OTCQB: CBDS) announced today that it entered into an agreement to acquire the intellectual property for the White Rabbit brand of cannabis sprays and cannabis mints, http://www.enjoywhiterabbit.com . The acquisition will include the exclusive and proprietary product formulations, product mixes, manufacturing methods and branding. The White Rabbit product line currently consists of fast acting low dose cannabis oral sprays and popular low dose cannabis mints. Both the spray and the mints are formulated as CBD only, THC only and CBD/THC blends. Dosage ranges include 2.5mg, 5mg and 10mg tablets and sprays with 1:1 and 20:1 variations of each.
Medical Marijuana, Inc. (OTC: MJNA) announced recently that new hires this month aimed at assisting the company with its further expansion into international markets, including Europe. A Company of Firsts®, Medical Marijuana, Inc. was the first to create an international CBD market when the company began retailing CBD hemp oil products sourced from hemp grown in Europe. CBD hemp oil products from Medical Marijuana, Inc. are now currently available in over 40 countries internationally. "We are extremely excited to become the first direct selling company featuring phyto-cannabinoid based products to have operations in Europe and to share our products, culture and mission throughout Europe," said Kannaway ® CEO Blake Schroeder in speaking of the opportunity for expansion in Europe. "Furthermore, Jakub is an incredible addition to our team, and we are confident that his background and passion will help ensure that Kannaway® Europe is a success."
Mentor Capital, Inc. (OTCQB: MNTR) acquires and provides liquidity for medical and social use cannabis companies. On May 03, 2017, the company announced that it has extended its funding to G FarmaLabs by an extra 20% with an additional loan on top of last month's million dollar investment in this global cannabis leader founded under the vision, energy and genius of Ata Gonzalez. Mentor Capital CEO, Chet Billingsley, concurs, "We look to work through and with G Farma to receive, channel and in some cases approve major cannabis recipients of the investor funds we send across the bridge into G Farma or to other major operators they endorse. Our particular core focus is larger cannabis companies that, like G Farma, could benefit from sophisticated mentoring toward an IPO in addition to our significant cash investment."
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