Legal Cannabis Market Expected to Grow
NEW YORK, November 23, 2016 /PRNewswire/ --
http://www.Financialbuzz.com - California is one of the four states where legalization of cannabis for recreational use is now approved. In California about 12 percent of Americans reside in the state, which is a staggering figure. Canada is not far behind the United States when it comes to legalization of cannabis. Canada is moving to legalize cannabis in 2017, as the current Liberal Party government will introduce reforms next spring to legalize marijuana for recreational use. Canadian Zeolite Corp. (CNZ.V), Aphria Inc. (APH.V), Maple Leaf Green World Inc. (MGW.V), Aurora Cannabis Inc. (ACB.V), Mettrum Health Corp (MT.V)
The impact the western state will have on the industry is still unclear, and analysts are presenting different projections, yet all suggest that growth will be big. Vivien Azer, a cannabis analyst from Cowen Group Inc. indicated in a report that sales of recreational and medical marijuana will reach $50 billion by 2026.
Canadian Zeolite Corp. (TSX-V: CNZ) is an environmentally friendly Green Tech business, with a focus on exploration, development and production of the industrial mineral zeolite. The mineral is a naturally occurring mineral found in volcanic ash, and is beneficial to for several industries thanks to its crystalline structure perforated by microscopic pores that act as natural filters. In the agricultural industry, the properties of zeolite are beneficial for use in odour and moisture control in municipal composting, animal feed supplements, zeoponics for greenhouse growing mediums and high-value outdoor zeolitic fertilizers.
This morning Canadian Zeolite Corp. announced that, "it has reached a Supplier Agreement with Natural Ventures, a Puerto Rico based licensed grower and manufacturer of medical marijuana. Canadian Zeolite will now be working with Natural Ventures to enhance their growing production per square foot with zeolitic fertilizers and substrates.
Natural Ventures is located near San Juan, Puerto Rico and has an indoor growing facility of 100,000 square feet. Currently there are over 60,000 registered medical marijuana patients in Puerto Rico and that number is expected to increase significantly in 2017. Natural Ventures CEO, Edgar Montero stated, "we are very excited to be implementing a natural Zeolitic fertilizer for our 2017 crop. With an expected increase in crop yield, we anticipate being able to fully service the increase in demand for our product in Puerto Rico and the other parts of the Caribbean market as they open."
Canadian Zeolite CEO Ray Paquette stated, "we are extremely pleased to be supplying Natural Ventures of Puerto Rico. Plant nutritional needs vary between different species and zeolites are considered as good substrates for developing slow release fertilizers. Canadian Zeolite's natural zeolite is being developed as a value added and highly efficient soil-less substrate for growing a wide variety of plants including medical marijuana."
Since Health Canada requires Licensed Producers to dilute concentrated cannabis extract with a carrier oil, Aphria Inc. (TSX-V: APH) uses Medium Chain Triglycerides oil as the carrier substance in all of its cannabis oil products. Medium Chain Triglycerides oils is a naturally occurring oil that is used in foods, pharmaceuticals, and nutritional supplements. MCT oil has a 2-3 year shelf life and is highly permeable in the human body, which will efficiently aid in the absorption of cannabidiol, THC, and other cannabinoids.
Aurora Cannabis Inc. (TSX-V: ACB) produce and distributes medical marijuana while following rules of the Cannabis for Medical Purposes Regulations. The Company's product types include Tetrahydrocannabinol, Cannabidiol, indica, sativa and hybrid. The Tetrahydrocannabinol product is responsible for the felt from cannabis and is connected to the immune system regulating, anti-inflammatory and pain relieving properties of medical marijuana. The Cannabidiol product is connected to the anti-inflammatory, pain relieving, anti-nausea, anti-anxiety and muscle relaxing functions of medical marijuana.
Mettrum Health Corporation (TSX-V: MT) is a licensed producer of medical cannabis and distributer of industrial cannabis products, including its functional food line, Mettrum Originals. It has an annual production capacity of over 12,000 kilograms of medical cannabis. Its total licensed production capacity is about 3,550 kilograms of medical cannabis a year. It produces approximately 20 strains, chosen from a genetic library of over 60 strains. These strains are incorporated into the Mettrum Spectrum, a classification system designed to foster a product selection discussion between clients, healthcare practitioners and Mettrum. It offers a professional physician interface, the Mettrum Cannabis Electronic Medical Records application.
Maple Leaf Green World Inc. (TSX-V: MGW) focuses on eco-agriculture and renewable energy in the environmental industry. The Company is seeking opportunities to obtain a Marijuana for Medical Purposes Regulation License from Health Canada and medical marijuana business in California. The Company operates through the eco-agriculture segment. Maple Leaf, along with its subsidiary, is engaged in exploring opportunities for its eco-agriculture nursery business, including medical marijuana in Canada and the United States, and its renewable energy business in China. Golden State Green World LLC is the subsidiary of the Company.
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