Market Research Projects Legal Cannabis Industry to Benefit From New Businesses

Wednesday, October 11, 2017 General News
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NEW YORK, October 11, 2017 /PRNewswire/ --

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 )

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.

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