Medindia

X

Cannabis Legalization on the Ballots This Election Year

Monday, November 7, 2016 Drug News J E 4
Advertisement

NEW YORK, November 7, 2016 /PRNewswire/ --

The legal issues on cannabis may be less prominent after November 8th as the question of whether cannabis should be legal is a major theme on the ballots this year. California, Arizona, Maine, Massachusetts, and Nevada are voting on measures that would make the drug legal to use for recreational purposes in small amounts for people over 21. Additional four states: Arkansas, Florida, Montana, and North Dakota will be voting to legalize medical marijuana. Arcturus Growthstar Technologies Inc. (OTC: AGSTF), United Cannabis Corporation (OTC: CNAB), Cannabis Sativa Inc. (OTC: CBDS), Cara Therapeutics Inc. (NASDAQ: CARA), Zynerba Pharmaceuticals Inc. (NASDAQ: ZYNE).

If the use of cannabis for recreational purposes is voted in favor in the states mentioned, the legal cannabis market could surge to $11 billion by 2018 and $22 billion by 2020, according to the State of Legal Marijuana Markets report, published by ArcView Market Research. According to the report the market could go through a 30 percent annual growth rate.

Arcturus Growthstar Technologies Inc. (OTCQB: AGSTF) is indoor plant growth technology company that is engaged in the business of developing and distributing Agri-Tech Systems and light-emitting diode (LED)-based lighting solutions for both commercial and residential applications. The company provides scalable, indoor Controlled Environment Agriculture (CEA) systems that utilize minimal land, water and energy regardless of climate, location or time of year and are customized to grow an abundance of crops close to consumers, therefore minimizing food miles and its impact to the environment.

Arcturus Growthstar Technologies Inc. announces that it has signed a Letter of Intent ("LOI") to acquire a 10-acre operating greenhouse in Florida, in a County that is designated to legally cultivate, process and dispense cannabis. The Greenhouse fits Florida's stringent criteria for agricultural farmers looking to manufacture Cannabis.  

Mr. William Gildea, CEO of Arcturus Growthstar Technologies Inc. stated, "This is a major milestone for Arcturus and positions us for tremendous growth for years to come… With this acquisition, Arcturus is potentially positioned as one of the public sectors first movers into Florida's cannabis market." Mr. Gildea continues, "This acquisition is in the designated legal grow zone with close proximity to Orlando, which has a local population of almost 2.5 million and attracts over 62 million visitors annually, making it a prime location."

United Cannabis Corp. (OTCQB: CNAB) will initiate the process of industrial hemp to extract cannabinoids, terpenes, and other compounds for the use in its products. Hemp is a Cannabis Sativa and the 2014 U.S. Farm Bill differentiates industrial hemp, describing it as "a plant of the genus cannabis and any part of the plant, whether growing or not, containing a delta-9 tetrahydrocannabinol concentration of no more than three-tenths of one percent on a dry weight basis."

Cannabis Sativa Inc. (OTCQB: CBDS) cultivates and markets natural cannabis products. The Company plans to develop, produce and market products through joint ventures with companies licensed under state regulations applicable to cannabis businesses. The Company is developing a third strain of cannabis plant named CT22. The Company also conducts its operations through its subsidiary, Wild Earth Naturals Incorporated. Wild Earth is an herbal skin care products formulation and marketing company that plans to target the natural healthcare products market in the United States and abroad. It offers Go Deep, Go Deep EXTRA, Face Garden, Body Garden and Lip Garden.

Biotechnology Company, Cara Therapeutics Inc. (NASDAQ: CARA) is currently enrolled in late stage studies with both IV and oral formulations of CR845 for three significant unmet medical indications. Cara initiated the enrollment of a Phase 2b trial of Oral CR845 for approximately 330 patients to direct treatment of pain associated with osteoarthritis and presented positive data at PAINWeek from the Phase 2a study of Oral CR845 in OA. Later, the company also initiated Phase 1 study with Oral CR845 in hemodialysis patients.

Clinical-stage pharmaceutical company devoted to the development of advanced transdermal synthetic cannabinoid treatments, Zynerba Pharmaceuticals Inc. (NASDAQ: ZYNE) delivered an update for its drug-adhesive matrix transdermal patch, ZYN001 and synthetic cannabinoid that is a patent-protected permeation-enhanced gel, the ZYN002. Zynerba will start Phase 1 clinical trials for ZYN001 during the first half of 2017 and Phase 2 clinical trials will begin during the second half. As for ZYN002, three Phase 2 clinical trials will remain on schedule to report results during the first half of 2017. Two Phase 2 clinical trials are currently ongoing for ZYN002, in adults with refractory epilepsy and in knee pain related with osteoarthritis. Phase 2 clinical trials in patients with Fragile X Syndrome will start before the end of this year.

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

For "The Latest Buzz in Financial News", SIGN UP & Visit: http://www.FinancialBuzz.com  

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 pr marketing firm enters into service agreements with the companies which are the subject to the articles posted on the Site for advertising such companies. Financialbuzz.com expects to be compensated four thousand dollars for financial news dissemination and pr services by a non-affiliated third party for arcturus growthstar technologies inc. 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 this site along with other financial news pr media services. 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 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: info@financialbuzz.com , +1-877-601-1879

Url: http://www.FinancialBuzz.com

SOURCE FinancialBuzz.com

Advertisement


Advertisement

You May Also Like

Advertisement
View All

Post your Comments

Comments should be on the topic and should not be abusive. The editorial team reserves the right to review and moderate the comments posted on the site.
User Avatar
* Your comment can be maximum of 2500 characters
I agree to the terms and conditions
s
Sirnaomics Received Green Light from US FDA for a ...
S
More States Vote on Cannabis Legalization