Medindia
Medindia LOGIN REGISTER
Advertisement

Market Research Projects Legal Cannabis Industry to Benefit From New Businesses

Wednesday, October 11, 2017 General News
Advertisement
FinancialBuzz.com News Commentary

NEW YORK, October 11, 2017 /PRNewswire/ --
Advertisement

A report published by Arcview Market Research indicates that the legal cannabis industry will grow at 22% CAGR in 2017, as the eight states that voted to open or expand their cannabis markets on Election Day in November 2016, will work to implement new businesses, programs and products. According to the report the industry accelerated at a remarkable pace in 2016. North American consumers spent $6.7 billion on legal cannabis products, which represents an increase of 34% from 2015. The data forecasts the legal cannabis industry will grow robust 27% CAGR to $22.6 billion by 2021. NutraFuels Inc. (OTC: NTFU), Medical Marijuana, Inc. (OTC: MJNA), Easton Pharmaceuticals, Inc. (OTC: EAPH), OWC Pharmaceutical Research Corp. (OTC: OWCP), PotNetwork Holding, Inc. (OTC: POTN )
Advertisement

The report also focused on the innovation, which is the natural outcome of a new legalized market. "Cannabis is now legally sold in state of-the-art retail dispensaries with computer-based inventory and sales tracking, fully regulated and taxed by their state governments just like any other product category. Entrepreneurs are modernizing the product just as quickly. Many successful brands have launched extracts, edibles, topicals, and other types of products that are leading consumers to spend more and, in cutting-edge Colorado, they have reduced traditional dried flowers to less than 56% of the business," according to a Arcview.

NutraFuels Inc. (OTC: NTFU) announced breaking news earlier today that the company has completed it's additional build-out within its current manufacturing facility and has equipped it with high speed filling and packaging equipment to accommodate the company's latest product line of dietary supplement nutritional products. The first piece of high speed packaging equipment going online within the new manufacturing space is a filling and sealing machine to package the patented, metered dosing nutrient delivery technology called, 'The Blast Cap' trademarked under BlastMax. The Blast Cap delivery method was developed by a world renowned inventor who has partnered with NutraFuels to produce preservative free, high bioavailable, health and wellness formulations that will use the Blast Cap method to deliver vitamins and nutrients efficiently and effectively into the human body. The company's proprietary formulations are filled and then hermetically sealed within the patented caps that are designed fit water bottles and drinks shots.

NutraFuels initial line of Blast Cap nutraceutical formulas have been developed for daily and sports nutrition purposes. The over the counter (OTC) dietary supplement formulas are designed to support common health & wellness uses such as, energy & focus, anti stress & relaxation, anti-aging, rehydration, recovery, pain relief and sleep support. These and other Blast Cap formulas are made with the highest quality and most effective researched ingredients available to the nutraceutical industry including, Hemp derived Cannabidiol (CBD). NutraFuels will also produce these formulas with a variation that contains Hemp derived Cannabidiol (CBD) for additional nutrient value."

Medical Marijuana, Inc. (OTC: MJNA) is the first publicly traded cannabis company in the United States. The company recently announced that its subsidiary HempMeds® Brasil is excited to support the establishment of the Associação Nacional dos usuários de Canabidiol (ANUC) Patient Association in Brazil dedicated to connecting patients with cannabis-friendly doctors and continuing to educate the Brazilian medical community and its citizens on the therapeutic uses of cannabis. This new Patient Association in Brazil will offer educational courses on the medical value and therapeutic uses of cannabis, introduce potential cannabis patients to cannabis-friendly doctors and coordinate efforts to donate cannabis products to patients who cannot afford them.

Easton Pharmaceuticals, Inc. (OTC: EAPH) is a diversified specialty pharmaceutical company involved in various pharmaceutical sectors and other growing industries. The company's gel formulation is thought to be an innovative and unique transdermal delivery system that can in the future be adaptable in the delivery of other drugs and Cannabidiol extracts. On August 16, 2017, the company announces advancing $575,000 payment towards closed agreement with alliance group for the cultivation, production and sale of medical / recreational marijuana to the cannabis industry and towards other revenue producing businesses. Pursuant to the agreement, Easton Pharmaceuticals has thus far paid $575,000 CDN of $1.3 million CDN to Toronto based Alliance Group to acquire an interest in 45 acres of agriculturally zoned land north of Toronto, Ontario, Canada to cultivate, produce and facilitate the sale of its production of medical marijuana and other lucrative revenue producing businesses on a co-managed basis. 

OWC Pharmaceutical Research Corp. (OTCQB: OWCP), through its wholly-owned Israeli subsidiary, One World Cannabis Ltd., is conducting medical research and clinical trials to develop cannabis-based pharmaceuticals and treatments for conditions including multiple myeloma, psoriasis, fibromyalgia, PTSD, and migraines. OWCP is also developing unique delivery systems for the effective delivery and dosage of medical cannabis. On July 10, 2017, the company announced that its wholly-owned, Israel-based subsidiary, One World Cannabis Ltd., has filed a patent application with the European Union Patent and Trademark Office for its active cannabinoid-based psoriasis topical cream. This action by OWC is a key step in the Company's continuing program to fully protect its intellectual property.

PotNetwork Holding, Inc. (OTC: POTN) is a publicly traded company that acts as a holding company for its subsidiaries, First Capital Venture Co., the owner of Diamond CBD, Inc., the maker of Diamond CBD oils. On September 29, 2017, PotNetwork announced that the company, in partnership with Dank City, LLC, a leading social and digital media platform for medical cannabis patients and businesses, was selected as the exclusive Premier Sponsor of Tommy Chong's Blazer's Cup, a large cannabis festival held in San Bernardino, CA on December 2 and 3, 2017. Dank City has amassed an impressive 50 million reach on social media in the cannabis space and is now partnering with large cannabis festivals with the support of the cannabis industry's leading icon, Tommy Chong. One of the world's most renowned cannabis consumers, Tommy Chong, has started to drive his 20 million social media fans and followers to join him at this year's Blazer's Cup cannabis festival in December.

Please SIGN UP NOW at http://www.FinancialBuzz.com To Receive Alerts on Trending Financial News from all these companies. "The Latest Buzz in Financial News"

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

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 dissemination, branding, marketing and advertising for third parties for corporate 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 marketing firm enters into media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. Financialbuzz.com has not been compensated directly by any of the companies mentioned here in this editorial. 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 FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com does not offer any personal opinions, recommendations or bias commentary as we purely incorporate public market information along with financial and corporate news. FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform. For this release, FinancialBuzz.com has been compensated four thousand dollars for financial news dissemination and pr services by a non-affiliate third party for nutrafuels inc. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this editorial or 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 will always disclose any compensation in securities or cash payments for financial news PR advertising. FinancialBuzz.com does not undertake to update any of the information on the editorial or 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 this editorial or 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 editorial and 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: [email protected] Tel.: +1-877-601-1879

Url: http://www.FinancialBuzz.com

SOURCE FinancialBuzz.com

Sponsored Post and Backlink Submission


Latest Press Release on General News

This site uses cookies to deliver our services.By using our site, you acknowledge that you have read and understand our Cookie Policy, Privacy Policy, and our Terms of Use  Ok, Got it. Close