NEW YORK, January 4, 2017 /PRNewswire/ --
http://www.Financialbuzz.com - Over the recent few years, and in 2016 in particular, the legal cannabis industry has accomplished some significant milestones. Most importantly is the change of public opinion regarding the use of cannabis, both for medical and recreational purposes. Before the November 8th election where five states voted on legislation reform, a Gallup poll showed that 60% of Americans support legal marijuana use. According to the poll, that is the largest percentage of support for legalization ever in the recorded 47-years of studies conducted, with support increasing among all age groups. NutraFuels Inc. (OTC: NTFU), Medical Marijuana Inc. (OTC: MJNA), Cannabis Science Inc. (OTC: CBIS), Marijuana Company of America Inc. (OTC: MCOA), MCig Inc. (OTCQB: MCIG)
As a result of this election cycle, as five additional states voted in favor legalization, including California, the largest market for the industry, The Drug Enforcement Administration also changed its approach. The DEA has previously declined to reschedule cannabis under the Controlled Substances Act, has now made easier access for research, and upping the number of authorized manufacturers that supply the substance to researchers. As for the industry's presence, a recent report published on marijuana licenses conducted by research firm Cannabiz Media, the cannabis industry is entering 2017 with 2,966 medical dispensaries and 3,973 retailers across the country, with more than 4,200 marijuana cultivators.
NutraFuels Inc. (OTC: NTFU) is a manufacturer, distributer and marketer of a line of oral spray nutritional dietary products. Oral spray delivery systems are recognized by many as an effective methodology for delivery of pharmaceutical and nutraceutical products, and are convenient to consumers. NutraFuels's product line consists of vitamins and nutrients in an aqueous solution, orally delivered through a non-aerosol pump. On December 28th the company announced that it has received and now completed the manufacturing of an initial order of 5000 units consisting of two oral spray products infused with Hemp CBD (Cannabidiol) rich nutrients for Life Bloom Organics.
NutraFuels Inc. just yesterday announced after the close that, "The company has executed a new business development agreement and partnered with private label skin care and dietary supplement company, NFSKIN to manufacture market and distribute a wide array of liquid based nutraceutical products. Under the agreement NutraFuels will manufacturer for NFSKIN and its customers a multitude of liquid based nutraceutical dietary supplement products utilizing various delivery systems including intra-oral spray, sublingual drop and drink shot formulations. The new partnership/alliance between NutraFuels and NFFSKIN is a direct result of the growth in the health and wellness sector, along increased product demand for efficient, effective unique and novel nutraceutical products that are manufactured in the U.S.
"We are excited to partner with NFSKIN and expand our manufacturing business," said Edgar Ward, Nutrafuels's CEO. "We are strategically aligning ourselves with companies like NFSKIN who provide new business opportunities and extensive resources." "NF Skin is excited to be in partnership with NutraFuels in expanding their current line of CBD products for the branded and private label market. This relationship will increase our current manufacturing capabilities and will allow us to facilitate our ever expanding customer base with not just the development of new products but a faster turnaround times," said Bruce Hutson NFSKIN CEO.
Medical Marijuana Inc. (OTC: MJNA) retail and wholesale company, HempMeds® continued its expansion of cannabidiol oils in the market via website offering an enhanced shopping experience, expanded educational information, and smoother user interface for their customers. HempMeds® also introduced its new RSHO-X™, the first THC-Free CBD hemp oil product available that was created to meet the guidelines for CBD based products in Mexico. Instantly, RSHO-X™ became popular with consumers who avoid trace levels of THC in their CBD supplements. This created a new market of CBD oil customers, including active and retired members of the military, first responders, like police, firefighters, and EMTs, or anyone subject to a drug test.
Cannabis Science Inc. (OTC: CBIS) is involved in medical cannabis research and development working on phytocannabinoid sciences in order to tackle critical illnesses, and adheres to scientific methodologies to develop, produce and commercialize phytocannabinoid-based pharmaceutical products. The Company is involved in the creation of cannabis-based medicines, both with and without psychoactive properties, to treat disease and the symptoms of disease, as well as for general health maintenance. The Company focuses on the development of governmentally approved pharmaceuticals, including CS-TATI1, CS-S/BCC-1 and neurological therapy under study or development.
Marijuana Company of America Inc. (OTC: MCOA) is a cannabis marketing and distribution company that distributes medical cannabis products providing product sourcing, branding, payment, distribution and knowledge through an architecture structure to maintain customer loyalty and capture market share. MCOA is developing a knowledge base complete with information from subject matter experts, medical articles and opinions, along with videos, blogs, and newsletters and papers. The Company provides information on cannabis strains, and other processed products that will be available through its club. Recently, MCOA has engaged L&L CPAs, PA as its independent audit firm to complete a two-year audit of the Company's financial statements as part of the process of preparing to become a fully reporting public company with the intent of uplisting to a higher reporting exchange.
MCig Inc. (OTCQB: MCIG) is a diversified company servicing the legal cannabis, hemp and cannabidiol markets via its lifestyle brands. MCIG has transitioned from a vaporizer manufacturer to industry leading large scale, full service cannabis cultivation Construction Company with its Scalable Solutions division currently operating in the rapidly growing Nevada market. The company looks to further develop its core competencies to service the Ancillary legal Cannabis, Hemp and cannabidiol markets, with broader expansion to take place once federal laws change. The company recently reported its "best quarter on record" surpassing its previous quarter historical earnings statement in revenue and overall.
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