Small Companies in the Legal Medical Cannabis Market
NEW YORK, October 6, 2016 /PRNewswire/ --
The global legal medical marijuana market continues to grow at an impressive rate. According to a research conducted by Research and Markets, the global legal market is expected to grow at a CAGR rate of 37.38% during the period of 2016 - 2020. The report indicates that legal marijuana market covers products for both recreational and medicinal purposes. Green Cures & Botanical Distribution Inc. (OTC: GRCU), Greengro Technologies Inc. (OTC: GRNH), Medical Marijuana Inc. (OTC: MJNA), Cannabis Science Inc. (OTC: CBIS), Terra Tech Corp. (OTCQX: TRTC)
A more open minded approach by governments backed by medical studies which indicate lack of side effects have dramatically improved revenues for dispensary owners. As it is usually the case with new markets, spinoffs were introduced - cannabis oil market, hookahs parlor, bubblers, volcano vaporizers and percolated bongs, THC-infused ice cream, and brownies.
Green Cures & Botanical Distribution Inc. (OTC: GRCU) just announced that, "Purple Haze Properties will have 6 entrees into the High Times Cannabis Cup, this weekend October 8th and 9th in San Bernardino. PHP Licensee, California's Finest entered our Jimi's Cannabis Collection -- Pre Rolled Purple Haze Joints in a commemorative Purple Haze Pack, A Purple Haze Oil Cartridge and Purple Haze inhaler so consumers can benefit from the cannabis in an inhaler. Jimi's Cannabis Collection also entered, Purple Haze Cannabis Sealed in a commemorative air tight can and The Purple Haze and Foxy Lady Chocolate bar with CBD as an added remedy.
This Saturday, October 8th and Sunday, October 9th, High Times theme is a Live Cannabis Experience with booths, music, vendors, speakers and live Cannabis Plants to see, touch, smell and enjoy. Mr. Pitsicalis stated today, "I am very excited to introduce GRCU's Hollywood Hemp skin care line that will be available for orders at the Purple Haze Properties booth during the Cannabis Cup. I also look forward to giving the first sneak peak of GRCU's Iconic Beverage line for Jimi's Beverages at the New West summit this month. GRCU has created some very exciting products that I believe everyone will enjoy."
Green Cures & Botanical Distribution Inc. (GRCU) is a development-stage company that retails and wholesales nutritional, medicinal and body care products. The Company offers products that are made in the United States, with various products being manufactured of imported materials from the Europe and Canada. The focus is on premium hemp based products in the following categories: Medical, Skin Care, Beauty, Fashion and lifestyle goods branded under the Original Hollywood Hemp™ brand.
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.
Terra Tech Corp. (OTCQX: TRTC) has recently announced that its subsidiary company, Edible Garden, a retail seller of fresh hydroponic produce, herbs, and floral products, has started shipping its line of 4 inch potted living herbs to private American reginal supermarket chain, Wegmans Food Markets Inc. Terra Tech integrates the natural world with technology to create sustainable solutions for medical cannabis production, extraction and distribution, plant science research and development, food production and Closed Environment Agriculture. Through this development, the company has created relevant brands in both the cannabis and agriculture industries.
Medical Marijuana Inc. (OTC: MJNA) through its subsidiaries and investment holdings offers a portfolio of products, services, technology and businesses for the medical marijuana and industrial hemp markets A recent survey conducted by Dr. Carlos G. Aguirre Velazquez, shows that out of 53 children with refractory epilepsy who were treated with Cannabidiol hemp oil, 60% had a reduction in seizures. The product used is the only current legal option in Mexico, Medical Marijuana Real Scientific Hemp Oil-X™ (RSHO-X™), which is developed by the company's subsidiary HempMeds.
Cannabis Science Inc. (OTC: CBIS) is focused on medical marijuana research and development. The Company works on phytocannabinoid science targeting critical illnesses, and adheres to scientific methodologies to develop, produce and commercialize phytocannabinoid-based pharmaceutical products. Recently Cannabis Science unveiled new medical product lines for self-medicating patients via legal dispensaries and delivery within the State of California. The new CBIS medicinal product lines are being released based on patient usage data and general public opinion.
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