The Public Opinion in the Legal Cannabis Industry

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Jan 24, 2017, 08:38 ET

NEW YORK, January 24, 2017 /PRNewswire/ --

www.Financialbuzz.com - The cannabis market is one of the fastest growing industries in the United States as eight more states had legalized cannabis for medicinal use in 2016. In addition, Proposition 64, the California Cannabis Legalization Initiative, was passed by a vote of 57.13% for and 42.87% against on November 8, 2016. This outcome means that individuals in California are allowed to use and to grow a certain amount of cannabis for personal use. According to a research report published by Arcview Market Research, regulated marijuana sales in North America totaled $6.9 billion in 2016, a 30 percent increase from 2015. Sales are projected to increase to $21.6 billion by the year 2021 representing a 26 percent compound annual growth rate. NutraFuels, Inc. (OTC: NTFU), General Cannabis Corporation (OTC: CANN), United Cannabis Corporation (OTC: CNAB), Cannabis Sativa Inc. (OTC: CBDS), MCig Inc. (OTC: MCIG)

Juan Sartori, president and founder of investment firm Union Group, said in an interview with a major financial network stated, "Public opinion has completely changed on the subject…Every single poll all around the world is showing that people now are in favor of relaxation or legalization… First stage is always medical legalization, then the second, larger step is the recreational one, and the last one is production… It's a big industry that is just starting, and with an interesting future."

NutraFuels, Inc. (OTC: NTFU) is a manufacturer, distributer and marketer of a line of oral spray nutritional dietary products to consumers, retailers and wholesale outlets. The company's product line consists of vitamins and nutrients in an aqueous solution, orally delivered through a non-aerosol pump. Earlier today the company announced that it, "is in the process of expanding its manufacturing capabilities to produce E-Vape (electronic vapor) nutrient rich, nicotine free daily health and wellness liquid vape products. NutraFuels will utilize portable electronic vaporizer technology (E-Vape) to deliver nutrients efficiently and effectively in to the human body. Vaporizing provides increased absorption and higher bioavailability of the nutrients being delivered compared to other traditional delivery methods.

NutraFuels is currently in development of several E-Vape formulations consisting of natural ingredients that support various daily health and wellness uses such as; Energy & Focus, Sleep Support, Anti-Stress Relaxation, Pain Relief and Weight Management. The new line of E-Vape liquid nutraceuticals will also be formulated and available infused with CBD (Cannabidiol).

NutraFuels plans to launch the new line of E-Vape health and wellness products within the first quarter of 2017 and forecast strong growth as the unique line of products enter the market place.

"We are pleased to announce the expansion of our manufacturing capabilities and include yet another line of health and wellness products that are an efficient and effective way to deliver nutrients in to the human body," said Edgar Ward, NutraFuels President/CEO.

General Cannabis Corporation (OTCQB: CANN) is the all-in-one resource for the highest quality service providers available to the regulated Cannabis Industry throughout the United States. The company leases growing space and related facilities to licensed marijuana business operators for their production needs. General Cannabis is pursuing ancillary business products, regulatory compliance consulting, and advanced logistical support for grow operations. The Security and Cash Management Services segment includes the operations of Iron Protection Group LLC. The Marketing and Products segment includes the operations of Chiefton Supply Company, an apparel and design company. The Consulting and Advisory segment offers consulting services, such as obtaining licenses, compliance, cultivation and logistical support, to the cannabis industry through Next Big Crop.

Subsidiary of United Cannabis Corporation (OTCQB: CNAB), Cherubim Interests Inc., has recently completed the construction and deployment of its very first mobile testing and extraction laboratory for the cannabis sector. "We at United Cannabis and Cannabinoid Research and Development are extremely happy with the attention to detail CHIT showed throughout this project. We feel the option to drop ship a lab pre-made to our specifications will deliver a competitive advantage to our affiliates and partners," said United Cannabis Corporation Chief Executive Officer, Earnest Blackmon.

Cannabis Sativa Inc. (OTCQB: CBDS) has recently acquired a 49 percent ownership interest in a 9 acre property in Los Angeles County, California. The ownership group plans to lease the property to an industrial hemp farm operator who will conduct farming activities under the Industrial Hemp provisions of California's Adult Use Marijuana Act. The Company's President David Tobias stated, "We are excited to play a role in what we anticipate will be one of California's first hemp farms under Prop 64." The farm will produce organic industrial hemp derived products. It is anticipated that the farm will fill part of the Company's demand for industrial hemp based products, with California grown organic industrial hemp. Farming activities are expected to commence in January of 2017.

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.

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