NEW YORK, October 26, 2016 /PRNewswire/ --
http://www.Financialbuzz.com - This election is shaping up to be apossible turning point for the future of cannabis legislation in the United States. Reforms on cannabis legalization are on the ballot in nine states this year. The states where recreational marijuana is on the ballot
These states may influence the politics of other states, as all the nine states constitute approximately a quarter of the entire population of the country and polls show that the movement advocating for cannabis legalization has gathered enough momentum over the years to finally influence political decisions. According to recent polls, about 57 percent of adults say cannabis should be legal.
As a result it is not surprising that companies who have invested in cannabis companies are now in a better position to benefit from the new political climate. A key potential catalyst for ChineseInvestors.com Inc. (OTCQB: CIIX) for example, was the strategic investment into a recent public listing of Medicine Man Technologies, Inc. (OTCQB: MDCL), a cannabis branding and consulting company that boasts 24 clients and a market capitalization of $17.8mn as of October 10, 2016.
ChineseInvestors.com Inc. specializes in providing real-time market commentary and analysis in the Chinese language. The Company offers subscription services to provide education about investing and news. The Company's service offerings permit users to subscribe to several of its service packages. Earlier this August, the company announced that their live streaming service has helped the company book record subscription revenues the month before.
Other cannabis companies are also gaining in popularity. Cara Therapeutics Inc. (NASDAQ: CARA) possesses both near-term clinical development opportunities, united with proprietary approaches to developing innovative novel therapeutics. Cara's most advanced patented compound, CR845, is now undergoing clinical testing for acute pain and pruritus. This compound possesses analgesic, anti-inflammatory and anti-pruritic activities appropriate for multiple therapeutic applications. The company's ambitions are to develop a future pipeline of first-in-class molecules at novel analgesic and anti-inflammatory targets using its proprietary drug screening technology.
Integrated cannabis-focused agriculture company, Terra Tech Corp. (OTCQX: TRTC) announced the Grand Opening of its Blüm retail dispensary, located in Nevada. This marks the company's third retail location in Nevada and follows the opening of the Western Las Vegas Dispensary in April, 2016 and the South Decatur Boulevard Las Vegas Dispensary in August, 2016. The Company also operates a Blüm dispensary in Oakland, California.
United Cannabis Corp. (OTCQB: CNAB) will begin processing industrial hemp to excerpt cannabinoids, terpenes, along with other compounds for the use in its products. Hemp is a Cannabis Sativa and the 2014 U.S. Farm Bill distinguishes industrial hemp, defining it as "a plant of the genus cannabis and any part of the plant, whether growing or not, containing a delta-9 tetrahydrocannabinol concentration of no more than three-tenths of one percent on a dry weight basis."
Subscribe Now! Watch us report from NYSE https://www.youtube.com/FinancialBuzzMedia
For "The Latest Buzz in Financial News", SIGN UP & Visit: http://www.FinancialBuzz.com
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/
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 branding, marketing and advertising for third parties for disseminating news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.
For further information:
Media Contact: email@example.com , +1-877-601-1879
Subscribe to our Free Newsletters!
Pets can give you diseases. Surprised? You may love your pet but beware! Your pets might be ...
Water is essential to balance body fluids, boost brain function, improve digestion, prevent ...
Drug hypersensitivity is an adverse reaction that occurs due to an interaction between a drug and ...View All