Legal Cannabis Industry Anticipates Growth
NEW YORK, November 16, 2016 /PRNewswire/ --
http://www.Financialbuzz.com - The share of Americans who favor legalizing the use of legal cannabis continues to increase. According to Pewresearch, 57% of U.S. adults say the use of cannabis should be made legal, while 37% say it should be illegal. A decade ago, opinions on legalizing marijuana was nearly the reverse - just 32% favored legalization, while 60% were opposed. Green Cures & Botanical Distribution Inc. (OTC: GRCU), GrowbBox Sciences Inc. (OTC: GBLX), Marijuana Company of America Inc., Greengro Technologies Inc. (OTC: GRNH), Cannabis Science Inc. (OTC: CBIS), MCig Inc. (OTC: MCIG).
These polls showed to be true this election cycle when California, Massachusetts, Main and Nevada voted to legalize recreational cannabis for adults. The shift in public opinion is expected to be the reason the legal cannabis market is forecasted to grow at a 30% annual growth rate by 2020. This is according to a research report which was jointly released by New Frontier and ArcView.
Green Cures & Botanical Distribution Inc. (OTC: GRCU) just announced late yesterday, "Purple Haze Properties and Green Cures & Botanical Distribution exhibit today at the 5th annual MJBizCon, which is by far the longest running, biggest and most respected show for the cannabis industry. Over 7,500 cannabis industry leaders attending and over 300+ Cannabis related exhibitors with 3 days of all-new sessions and speakers, attend insider-only breakfasts, roundtables & parties. The entire marijuana business ecosystem will be at the RIO Las Vegas under one roof.
Purple Haze Properties will be showcasing a wide variety of cannabis products related to Jimi Hendrix and other celebrity brands they represent. Purple Haze Properties will be featuring the complete "California Finest" line of Jimi's Cannabis Collection. Which includes the Purple Haze pre-rolled American Cannabis Cigarettes, Purple Haze Cannabis in an air sealed can, Purple Haze Oil Cartridges, Wax, Rosin Oil and Inhalers. Colorado product Services will also highlight Jimi's Edibles -- products sold in Colorado. Silverstate Trading will also be featuring the Purple Haze and Little wing Cannabis lines being sold in Nevada.
Green Cures & Botanical Distribution Inc.'s "Hollywood Hemp" celebrity division will be featuring the full line of skin care products at the Purple Haze Properties booth and will preview the new Jimi Hendrix and Digital Underground beverages slated for distribution this holiday season. "We look forward to showing all the great celebrity products represented by Purple Haze Properties," states CEO, Andrew Pitsicalis.
GrowBlox Sciences Inc. (OTCQB: GBLX) recently reported 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.
Greengro Technologies Inc. (OTC: GRNH) provides green technologies focusing on indoor and outdoor agricultural science systems serving both the consumer and commercial farming markets. Earlier in September the company announced the "Greengro 3-Tier Franchise Model" for businesses in the field of controlled environment agriculture (CEA). The three tiers are: 1) Glass Greenhouse Franchise, 2) Glass Greenhouse Franchise / Cannabis Sector, and 3) Vertical Hydrogarden Stores.
United States Company specializing in the development of cannabis-based medicines, Cannabis Science Inc. (OTC: CBIS) The post-election plan will be sure to include new product developments, dispensaries, and agreements. "After closing the last land deal we announced for over 300 acres, we are now on to something much larger on a combined scale. This land package goes right in line with our other large deals in California and Nevada. These land deals put us in a very favorable position for high growth moving forward. Coupled with completing our in-house laboratory, new drug programs, and our new website, we have some very exciting developments coming in the near future and we feel ready to meet the demands of more patients than ever before, and the timing couldn't be better. With the tremendous support for Proposition 64 and other pro-cannabis initiatives across the nation Cannabis Science is positioned to become a market leader," said Director, President, CEO and Co-Founder, Raymond C. Dabney.
MCig Inc. (OTCQB: MCIG) is a diversified company servicing the legal cannabis, hemp and CBD markets through its brands. The Company has changed from a vaporizer producer to a large scale, full service cannabis cultivation Construction Company with its Scalable Solutions division operating in a Nevada market. The Company has two divisions: mCig Construction Division and mCig Commercial Division. The Company's construction division constructs commercial buildings and modular buildings according to plans supplied by the customer, or act as a design/build firm taking the customer from concept to full turnkey occupancy, utilizing modular technology and structural insulated panels.
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