Cannabis & Legal Marijuana Sector Continues To See Steady Growth As Companies Launch Newest Innovative Products; Company to Develop First Ever MMJ Plant to Paper Product
CORAL SPRINGS, Florida, June 1, 2016 /PRNewswire/ --
As legal & medical marijuana uses evolves and becomes more accepted in US society, companies continue to push the industry forward with increased research and the development of new products and services. With Legal Marijuana Sales expected to top $20 Billion within five years, innovative and emerging MMJ/Cannabis companies in the sector race to develop newest products for states currently online with production and sales.
Newest innovation of importance in the sector of note today in the markets: Freedom Leaf, Inc. (OTC: FRLF) of Las Vegas, NV, announces it is a equity partner in Plants to Paper, LLC of Woodbridge, NJ - First Ever Marijuana Rolling Papers - Plants to Paper, LLC (PTP) will create the first marijuana rolling papers to be sold domestically and worldwide. John Ostrander, Managing Partner of PTP and Clifford Perry, CEO of Freedom Leaf, Inc. signed a contract that includes an investment in PTP and for FRLF to Incubate PTP. Another example of how the Freedom Leaf Magazine, its website (http://www.freedomleaf.com) and other media platforms create a funnel to bring important Cannabis Industry deals to FRLF. Mr. Ostrander, a Freedom Leaf Magazine reader stated: "It was with confidence that I selected Freedom Leaf to guide Plants to Paper through the maze of the Cannabis Industry. Freedom Leaf's experience within the Industry will aid in the success of Plants to Paper."
Read the full Freedom Leaf (FRLF) Press Release at: http://www.financialnewsmedia.com/profiles/frlf.html
Mr. Perry remarks: "The time is ripe to license and invest in this innovative product from PTP. Working within current state laws and mandatory regulations, PTP aims at producing a product that provides an enhanced feeling of elation, as well as a toxin-free, natural experience." The papers will be sold within the medical marijuana industry, and within the recreational industry in states, as legalization occurs. Licenses will be sold to major Cannabis Industry "pre-roller" and other well-known brands of rolling paper companies in each state that has legalized marijuana sales. It is important that each state's licensee manufacturers, under strict guidelines, its own PTP rolling papers since the product cannot cross state lines. Likewise, Mr. Ostrander noted the product's distinct advantages: "Many rolling papers contain toxins, flavored dyes, colored dyes, asbestos, glue, and harsh fire retardant chemicals are not clean for the body or the environment. Our products address these important concerns."
In other sector related developments of note: 22nd Century Group, Inc. (NYSE: XXII), a plant biotechnology company that is a leader in tobacco harm reduction, announced last week the receipt of an initial purchase order for MAGIC 0 Very Low Nicotine cigarettes from French distributor, Royal Distribution. Beginning in June, Royal Distribution will promote and sell the MAGIC brand in France as the world's lowest nicotine tobacco cigarette. Before the end of 2016, Royal Distribution projects it will have placed MAGIC 0 cigarettes in more than 750 tobacco stores throughout France.
Cara Therapeutics, Inc. (NASDAQ: CARA), a biotechnology company focused on developing and commercializing new chemical entities designed to alleviate pain and pruritus by selectively targeting peripheral kappa opioid receptors, recently announced that it was selected to deliver a presentation titled "Kappa Opioid Receptor Agonists (KORAs), a Novel Pharmacology for the Treatment of Acute and Chronic Pain" at the International Conference on Opioids, which will be held June 5-7, 2016 in Boston.
Terra Tech Corp. (OTC: TRTC) (OTCQX: TRTC) will present at the 5th Annual Marcum MicroCap Conference at 9:30am ET Today, June 1, 2016 at the Grand Hyatt Hotel in New York City. Terra Tech Corp. (TRTC), recently announced that its subsidiary, Edible Garden, a retail seller of locally grown hydroponic produce, herbs, and floral products, has shipped its first order of nutritionally-enhanced lettuce to ShopRite Supermarkets.
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