The Demand for Legal Cannabis Products are Increasing

NEW YORK, March 21, 2017 /PRNewswire/ --

FinancialBuzz.com News Commentary 

The cannabis industry is one of the fastest growing industries in the U.S. as more states legalized cannabis for either medical or recreational use. According to a report published by Arcview Market Research, legal cannabis sales in North America reached $6.9 billion in 2016, a 30 percent increase from 2015. The market is expected to grow to $21.6 billion by the year 2021, with a 26 percent compound annual rate. Raising adoption of cannabis and recent successful cannabis legalization referendums are considered as the main factors that drive the growth of legal cannabis market. SinglePoint, Inc. (OTC: SING), Marijuana Company of America Inc. (OTC: MCOA), Cannabis Science Inc. (OTC: CBIS), Medical Marijuana Inc. (OTC: MJNA), MCig Inc. (OTC: MCIG)

The legalization of cannabis has accelerated in the United States over the course of recent years. Eight states have already legalized recreational cannabis, while cannabis for medical use is now legal in 28 states. Support for legalizing cannabis is increasing. According to the data from National pollster Gallup, support for nationwide legalization of cannabis is 60% in a 2016 poll, up from 25% in 1995. In November, California, a state with 38 million U.S. citizens, had passed Proposition 64 to legalize cannabis for recreational purposes, which is expected to boost the legal cannabis market size in the near future.

SinglePoint, Inc. (OTC: SING) through its subsidiary, SingleSeed the company is providing products and services to the cannabis industry. On March 14^th, SinglePoint, Inc. announced that, it has closed its first round of funding to acquire a portion of Jacksam Corp., dba Convectium, the developer of a unique oil filling system poised to revolutionize the cannabis market. Convectium projects full-year 2017 sales of $3.5 million, a triple-digit increase over the year prior. The acquisition represents the first of many strategic investments SinglePoint intends to make to diversify its revenue streams in the multi-billion dollar cannabis industry.

"We are excited to be a part of the SinglePoint team. With their funding we expect to reach and hopefully exceed our projected revenue goals," says Danny Davis, managing partner of Convectium.

"We have evaluated numerous investment prospects in the cannabis space, and found there is nothing that compares to this opportunity we have with Convectium," states SinglePoint CEO, Greg Lambrecht. "With this transaction, we will acquire a stake in a cannabis business that never touches a marijuana plant. This is the strategy we will use as we move forward to hedge us against changing federal and state laws."

Marijuana Company of America Inc. (OTC: MCOA) is a cannabis marketing and distribution company that provides a wide range of products and services all dedicated to educating and supporting their patient/members in obtaining all the benefits of a cannabis lifestyle. The company is currently developing a knowledge base complete with information from subject matter experts, medical articles and opinions, current articles, YouTube and other videos, blogs, and industry news and papers. MCOA is dedicated to transferring knowledge to its members to allow them to become their own advocates and also provide comprehensive information on popular and rare strains, and other processed products that will be available through its club.

Cannabis Science Inc. (OTC: CBIS) takes advantage of its unique understanding of metabolic processes to provide innovative treatment options for unmet medical needs by using an inquiring approach to discover and develop novel cannabinoid-based therapies to improve the lives of patients. The company is dedicated to working closely with local, national and international regulatory agencies to provide access to high quality, first class cannabinoid pharmaceuticals to those critically in need of new treatments for life threatening and debilitating conditions. Cannabis Science's clinical trial material comes from the cultivation and production facilities that are cGMP compliant, surpassing high quality standard industrial and food processing requirements.

Medical Marijuana Inc. (OTC: MJNA) is a premier cannabis and an innovator of the hemp industry by leveraging its team of professionals to source, evaluate and purchase value-added companies and products. Recently, the company announced the positive results of a groundbreaking epilepsy study on the effects of cannabidiol on seizures. Conducted by renowned pediatric neurologist Dr. Saul Garza Morales, the study took a look at patients who have used THC-free RSHO-X™ to treat their seizures and recorded the results, tracing the effects of the CBD oil. According to the results of the study, it revealed a significant reduction in the occurrence of seizures for patients with Lennox-Gastaut. A 50 percent or greater reduction in seizures was obtained in 33 out of 39 or 84 percent of the cases, while 53 percent of the cases achieved an overall reduction in seizure activity of over 75 percent.

MCig Inc. (OTCQB: MCIG) is engaged in manufacturing, marketing and distributing electronic cigarettes, vaporizers and accessories under the mCig brand name. The Company offers electronic cigarettes and related products through its online store, mcig.org, as well as through its wholesale, distributor and retail programs. Its segments include Construction, Internet Sales and Wholesale. The construction segment develops, designs, engineers, and constructs modular buildings with elements that assist cannabis growers in the market. Each modular building is designed for each customer. The Company tracks various retail sales, through the Internet segment through the consolidation of all online retail sales from various websites. It provides streamlining of administrative and documentation services, consolidation of inventories and supports economy of scale. The wholesale segment works with distribution channels in electronic vaporizing cigarettes and marijuana cigarettes, among others.

Please SIGN UP NOW at http://www.FinancialBuzz.com To Receive Alerts on Trending Financial News from all these companies. "The Latest Buzz in Financial News"

Subscribe Now! Watch us report from NYSE https://www.youtube.com/FinancialBuzzMedia

Follow us on Twitter for real time Financial News Updates: https://twitter.com/financialbuzz

Follow and talk to us on Instagram: https://www.instagram.com/financialbuzz

Facebook Like Us to receive live feeds: https://www.facebook.com/Financialbuzz/

About FinancialBuzz.com

FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR branding, marketing and advertising for third parties for disseminating news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.

Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the "Site") is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com does not offer any personal opinions as we purely incorporate public market research along with financial and corporate news. FinancialBuzz.com only regurgitates financial or corporate news through our unique financial newswire and media platform. For this release, FinancialBuzz.com has been compensated a total of ten thousand dollars for financial news dissemination and pr services by singlepoint, inc. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com will always disclose any compensation in securities or cash payments for financial news PR advertising. FinancialBuzz.com does not undertake to update any of the information on the Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on the Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use. Please visit: http://www.financialbuzz.com

For further information:
Media Contact:
[email protected]  
+1-877-601-1879

Url: www.FinancialBuzz.com

SOURCE FinancialBuzz.com