NEW YORK, September 5, 2017 /PRNewswire/ --
According to a report by Forbes, a new report by Brightfield Group projects that the hemp-derived cannabidiol (CBD) will be a billion-dollar market in just three years. Brightfield estimates that hemp CBD sales have crossed $170 million in 2016. The company predicts a strong 55% compound annual growth rate which will increase the market above the billion-dollar mark. CBD made from hemp contains a very small amount of THC, which eliminates the psychoactive affects usually associated with cannabis products. CBD products are mostly used for medical purposes. Chineseinvestors.com, Inc. (OTC: CIIX), Medical Marijuana, Inc. (OTC: MJNA), Terra Tech Corp. (OTC: TRTC), American Cannabis Company, Inc. (OTC: AMMJ), MassRoots, Inc. (OTC: MSRT).
"One of the most surprising things we found during this research was how many companies are currently operating in the space, and how few of them are generating significant revenue," said Bethany Gomez, the Director of Research at Brightfield Group. "Essentially everyone is trying to do hemp, but only a handful are doing it well. It's seen as easy because it can be sold online but, with restrictions on traditional marketing, it is very difficult to connect with your core consumer and even communicate why they need your product," Forbes reported.
Chineseinvestors.com, Inc. (OTCQB: CIIX) recently announced over the summer, "Its wholly-owned subsidiary, ChineseHempOil.com, Inc., has established a Hemp Education Center in San Gabriel, California. The Company's club-style Hemp Education Center is at the center of San Gabriel's lively and growing Chinese-speaking community. Through its education center, ChineseHempOil.com, Inc. aims to provide valuable information to those that want to learn more about the potential health benefits of non-industrial hemp and hemp-derived CBD, while also increasing general awareness about non-industrial hemp which has roots in ancient Chinese medicine."
"I am delighted about the possibilities of our new Hemp Education Center," says Warren Wang, Founder and CEO of CIIX. "In recognition of the unprecedented opportunities in the legal non-industrial hemp industry, CIIX expanded its business to capitalize on the growing demand for hemp health products. Our new club-style Hemp Education Center will build awareness of the hemp industry and our brand while laying the groundwork for ChineseHempOil.com to be recognized as the premier name in hemp products within the Chinese-speaking market.
Events and activities offered at the Hemp Education Center will work in conjunction with CIIX's local advertising presence as part of its broader strategy to solidify brand recognition and help spread the word about the Company's hemp products and hemp-derived CBD products.
We expect that community-centered education and outreach about the potential benefits of hemp and hemp-derived CBD will successfully drive demand for our products and raise the visibility of our unique services and products, especially among the Chinese-speaking population," concludes Wang.
Medical Marijuana, Inc. (OTC: MJNA) recently announced that subsidiary HempMeds® Mexico product Real Scientific Hemp Oil-X will be featured at the 32nd International Congress of Epilepsy in Barcelona, Spain from September 2-6, 2017. Mexican pediatric neurologist, Dr. Saul Garza will be presenting a poster at the International Congress for Epilepsy which outlines his clinical study using RSHO-X as a method of treatment for Lennox-Gastaut Syndrome. The study included 39 patients with Lennox-Gastaut syndrome, a severe form of pediatric epilepsy that typically develops before the age of four. Of those 39 patients, which took up to 5-7mg CBD/kg of body weight in progressive doses of RSHO-X™ 5000MG: an 84% average reduction in motor seizures were experienced; 53% of patients reported better than a 75% reduction in seizures; and 17% reported a complete elimination of all seizures over a 4-month period. No adverse side effects were reported among the patient population.
Terra Tech Corp. (OTCQX: TRTC) operates through multiple subsidiary businesses including: Blüm, IVXX Inc., Edible Garden, and MediFarm LLC. Recently, the company announced that it has signed a non-binding letter of intent to acquire 50% of NuLeaf Sparks Cultivation LLC and NuLeaf Reno Production LLC. The acquisition is expected to fast track Terra Tech's cultivation and production facilities allowing them to introduce their IVXX wholesale brand as well as support increasing demand for cannabis products throughout Nevada. NuLeaf Sparks holds a Nevada medical cannabis cultivation license and is in the process of constructing a 30,000 square foot cannabis cultivation facility in Sparks, Nevada. NuLeaf Reno holds a Nevada medical cannabis production license and is in the process of constructing a 15,000 square foot cannabis production facility in Reno, Nevada. Both facilities are expected to be completed by the fourth quarter of 2017.
American Cannabis Company, Inc. (OTCQB: AMMJ) offers end-to-end solutions to existing and aspiring participants in the cannabis industry. The company recently announced it has secured a client in the state of California. This client seeks to acquire a license that will permit them to dispense medical cannabis to patients. ACC has been contracted to complete operational planning activities, to provide conceptual design work for a retail dispensary location, to assist with 2017 city permitting and to help with 2018 state application completion.
MassRoots, Inc. (OTCQB: MSRT) is one of the leading technology platforms for the regulated cannabis industry. The company recently announced the acquisition of CannaRegs, Inc. ('CannaRegs'), a leading technology platform that tracks changes in cannabis regulations and taxation at the municipal, state, and federal levels. MassRoots, Inc. has entered into a definitive agreement to acquire CannaRegs in a stock deal valued at approximately $12 million. Founded by former Federal Reserve regulator Amanda Ostrowitz in 2014, CannaRegs will be critical in helping the California adult-use market stay compliant. As one of the premier technology companies in the cannabis industry, CannaRegs is recognized for leading the movement with majority female leadership at its helm.
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