NEW YORK, November 1, 2016 /PRNewswire/ --
http://www.Financialbuzz.com - Analysts from financial services firm, Cowen and Co. delivered a report projecting a $50 billion legal cannabis market in the United States by 2026. But such progression would be based on federal legalization. The Presidential Election is a key catalyst toward that end, analysts wrote. Many companies who have invested in the cannabis industry are now in a better position to benefit from the November state referendums. ChineseInvestors.com Inc. (OTC: CIIX), Medicine Man Technologies Inc. (OTC: MDCL), Growblox Sciences Inc. (OTC: GBLX), American Cannabis Company Inc. (OTC: AMMJ), Terra Tech Corp. (OTC: TRTC).
Supporters for recreational marijuana hope the November election will bring their first major electoral victory. Supporters believe "yes" votes in the Northeast region of the United States would add geographic variety to the legalization map, inspiring other East Coast states to move in similar directions and perhaps build toward ending federal exclusions on marijuana.
ChineseInvestors.com Inc. (OTCQB: CIIX) has entered a strategic investment into a recent public listing of a company dedicated to consulting services that covers all aspects of cannabis cultivations, Medicine Man Technologies, Inc. (OTCQB: MDCL). Medicine Man Technologies Inc.'s currently has a pending acquisition of Pono Publications Inc. and Success Nutrients Inc. which could boost its current position as a leading provider of cultivation technologies. Companies are moving ahead now to bring the benefits of combined experience and technologies to a market occupied by marijuana growers in need of augmented efficiency.
Chineseinvestors.com, Inc. announces today that it will launch the world's first Chinese-language subscriber-only information service specifically focused on emerging growth companies in the Cannabis sector. The new service's mission is to locate and identify select equities with the greatest potential for capital appreciation. The content of this service will cover the medical and recreational cannabis markets, the latest trends and technologies in the industry, and any investment opportunities in either private or publicly traded cannabis companies. The subscription service is expected to be launched after January 1st, 2017.
Mr. Wang further remarked: "Compared to our peers, ChineseInvestors.com has a clear lead in early research of the cannabis industry. Our investment in MDCL has already increased more than 400% in value this year. We believe that our broad networking circle and professional research methods will provide our Chinese-speaking subscribers with unique opportunities to research cannabis companies. Although some investors among Chinese communities still have bias against cultivation and sales of cannabis, we must also acknowledge the existence of huge potential business opportunities within this sector, and we are starting to see valuations in the cannabis industry gradually becoming more reasonable after reaching their peak in 2014."
GrowBlox Sciences Inc. (OTCQB: GBLX) recently announced the filing of the first of several patent applications for life science inventions by its wholly-owned subsidiary, Growblox Life Sciences, LLC. The current provisional patent application covers complex-cannabinoid-containing mixtures capable of enhancing dopamine secretion and protect neurons from the mitochondrial-induced free radical damage that occurs during disease progression in the brains of patients with Parkinson's disease, Alzheimer's disease, Lewy Body Dementia, and Huntington's disease, among others.
Terra Tech Corp. (OTCQX: TRTC) subsidiary IVXX™, hand selects and harvests the finest-grade cannabis under the safest and most beneficial conditions, free of toxic pesticides, harmful molds and chemical residues. Its products are carefully produced, rigorously tested and certified to the highest standards of potency and purity. Currently, the company's hand selected strains are the I-Hybrid and S-Hybrid. IVXX offers pure concentrates ranging from Shatter, Wax to Oil, which are all produced in its advanced extraction labs, along with custom rolled joints.
American Cannabis Company Inc. (OTCQB: AMMJ) has secured a new design and consulting contract with a Canadian firm for the purpose of creating a cannabis Licensed Producer facility within the Atlantic provinces. Actions connected to this project will commence with the cultivation of an alternative crop, and then transition to cannabis production as soon as operational licensing is secured. Future plans call for the creation of green houses and further indoor expansion.
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