More States Vote on Cannabis Legalization
NEW YORK, November 7, 2016 /PRNewswire/ --
Cannabis legalization is a big deal this election year. According to ArcView Market Research which was reported by and New Frontier, the value of the legal marijuana industry is expected to reach $7 billion by the end of this year, assuming only California votes in favor of legalization. In comparison, the value of legal marijuana industry in 2015 just went over $1 billion, and was only about $351 million in 2014. Canadian Zeolite Corp. (OTC: CNZCF), General Cannabis Corp. (OTC: CANN), American Cannabis Company Inc. (OTC: AMMJ), Terra Tech Corp. (OTC: TRTC), GrowBlox Sciences Inc. (OTC: GBLX)
Legalization measures are on Ballots in nine states, and if all the measures pass, it will mean that nearly a quarter of Americans will be able to use cannabis for both medical and recreational purposes. Five of the nine states - California, Nevada, Arizona, Massachusetts and Maine will be voting specifically on legalization of cannabis recreationally.
Canadian Zeolite Corp. (OTCQB: CNZCF) is an environmentally friendly Green Tech business well suited to today's economic environment. The company explains the value of Zeolite, which is a naturally occurring mineral found in volcanic ash, and is unique notable in its crystalline structure perforated by microscopic pores. These pores allow zeolites to act as natural filters. As a result, Zeolites (microporous) are used across several industries for a variety of purposes, including water purification and radioactive waste containment.
The company announced and stated that it will begin shipping its natural zeolite to several medical marijuana growers in Canada and the United States. Currently, the Canadian Zeolite team is proceeding with developing zeoponics and zeoponic substrates specifically for use in the growing of medical marijuana. Zeoponics allows the plant to absorb the nutrients as it needs them, which improves the plant quality, produces higher yields and shortens production cycles. In addition, natural zeolite aids in control of mould and moisture issues in standard plant growing operations.
Canadian Zeolite Corp. CEO, Ray Paquette, said in a statement "with the explosive growth of the medical marijuana industry, Canadian Zeolite is well-positioned to become a leading supplier of natural zeolite to this expanding market as well as becoming an innovator of new products to compliment the growing process."
General Cannabis Corp. (OTCQB: CANN) is the resource for top quality service suppliers available to the regulated Cannabis Industry. General Cannabis is a partner to the production and marketing side of the cannabis business. CANN does this through a mixture of operating divisions such as real estate, consulting, security, financing and the distribution of vital infrastructure products to cultivate facilities and dispensaries.
American Cannabis Company Inc. (OTCQB: AMMJ) has secured a new contract with a Canadian firm to create a cannabis Licensed Producer facility within the Atlantic Provinces. Engagements connected to this project will start with the cultivation of an alternative crop, and then a shift to cannabis production as soon as operational licensing is secured. Future plans call for the creation of green houses and further indoor development.
Terra Tech Corp. (OTCQX: TRTC) subsidiary IVXX™, hand selects and harvests the finest-grade cannabis under the safest and most beneficial conditions, free of toxic pesticides, harmful molds and chemical residues. Its products are carefully produced, rigorously tested and certified to the highest standards of potency and purity. Currently, the company's hand selected strains are the I-Hybrid and S-Hybrid. IVXX offers pure concentrates ranging from Shatter, Wax to Oil, which are all produced in its advanced extraction labs, along with custom rolled joints.
GrowBlox Sciences Inc. (OTCQB: GBLX) recently announced 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.
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