By 2020 Marijuana Sales are Expected to Reach Nearly $23 Billion With Predictions 2016 Will Be the Greenest Year in History; Company Executes International License Agreement
As illustrated by the Spring 2016 Marijuana Business Conference & Expo earlier this month, the numbers and momentum of cannabis in the US are undeniable. As revenues continue to climb into the billions, more research and development push the sector forward. According to the newly released 4th Edition State of Legal Marijuana Markets Report from from ArcView Market Research and New Frontier, a cannabis-focused data-analysis firm, much of the increase in sector is attributed to adult use market sales, which hit $1.3 billion last year alone. By 2020, adult use and medical marijuana sales are expected to reach nearly $23 billion.
In breaking marijuana products & license advancements in the markets recently: Green Cures & Botanical Distribution Inc. (OTC Pink: GRCU) (“Green Cures”), a cannabis and industrial hemp products innovator, announced today that the company has executed an exclusive U.S. supply agreement of legal industrial hemp-whole plant extraction CBD Oil with JustUs Aquaponics, LLC.
Management of Green Cures stated that with the access to this new source of supply of CBD Oil, the company will be able to offer to the consumer unlimited inventory of its botanical and medicinal cannabis derived formulas labeled Green Cures. Currently, the line of products Green Cures is available for purchase at www.allcbd.com, which is one of the company’s exclusive ecommerce website dedicated to the marketing and sale of CBD derived products in the U.S., as permitted by law. Additionally, the company announced that new and improved formulas with higher CBD potency are expected to be introduced to the consumers in the very near future.
JustUs Aquaponics, LLC is a privately held U.S. company that is also led by Dr. Trent Jones. JustUs Aquaponics, LLC provides Cannabidiol (CBD) oil, which is extracted from whole plant industrial hemp. This form of CBD is especially potent because it delivers the full complement of cannabinoids, terpenes and flavonoids found in the industrial hemp plant. Industrial hemp is defined as the Cannabis sativa plant that contains less than 0.3% Delta-9 THC in the dried plant. The industrial hemp plants cultivated by JustUs Aquaponics, LLC are well below the federal 0.3% Delta-9 THC limit, while delivering considerable levels of Cannabidiol, as well as the critically important terpenes and flavonoid molecules.
Freedom Leaf, Inc. (OTC: FRLF) is proud to announce the international expansion of its print and multimedia platform, as well as its portfolio of products and services in the Netherlands. Freedom Leaf, Inc. has entered into an International License Agreement secured by a $25,000 non-refundable deposit for the exclusive license to use the Freedom Leaf Brand with the right to publish the Freedom Leaf magazine in Dutch offering Advertising, while also undertaking Public Relations, Business Consulting, Branding Services, Business Development and Incubation for the Cannabis companies in the Netherlands. Freedom Leaf, Netherlands will also distribute branded products and services and will identify emerging opportunities to bring under the Freedom Leaf umbrella in the US and the Netherlands.
In other Legal Marijuana / Cannabis / Cannabidol News and Developments in the markets: Insys Therapeutics, Inc. (NASDAQ: INSY) announced that it has successfully completed its Phase 1/Phase 2 safety and pharmacokinetic (PK) study in pediatric subjects with treatment-resistant epilepsy. In this trial, 61 subjects with refractory epilepsy, between the ages of 1 year to 17 years, received treatment with Insys’ pharmaceutical cannabidiol (CBD) oral solution across multiple investigative sites in the United States. The clinical trial evaluated multiple ascending doses of Insys’ CBD with three cohorts of subjects receiving total daily doses of 10 mg/kg, 20 mg/kg or 40 mg/kg. Over 80% of these subjects continue to receive CBD in an ongoing long-term safety study.
84% support medical marijuana – If you thought full legalization support was high, you haven’t seen anything yet. Based on a CBS News poll conducted in April 2015, 84% of those surveyed wanted to see marijuana legalized for medicinal use nationwide. It’s not hard to understand why, either, with companies like GW Pharmaceuticals (NASDAQ: GWPH) showcasing the many uses of cannabinoids in early- and mid-stage clinical trials. For instance, GW Pharmaceuticals’ Epidiolex helped reduced seizure frequency by more than 50% in two midstage studies for childhood-onset epilepsy in Dravet syndrome and Lennox-Gastaut syndrome. Read the full Article at http://www.fool.com/investing/general/2016/05/22/9-fast-facts-about-marijuana-including-1-telling-s.aspx?source=yahoo-2&utm_campaign=article&utm_medium=feed&utm_source=yahoo-2
Terra Tech Corp. (OTC: TRTC), recently announced that its subsidiary, Edible Garden, a retail seller of locally grown hydroponic produce, herbs, and floral products, has shipped its first order of nutritionally-enhanced lettuce to ShopRite Supermarkets. The lettuce was developed in partnership with Nutrasorb LLC under the name SUPERLEAF™, in conjunction with Rutgers University, and is the latest addition to Edible Garden’s product line of non-GMO fruits and vegetables.
Medical Marijuana, Inc. (OTC: MJNA) is pleased to announce that its hemp biotech investment, AXIM Biotechnologies, Inc. (AXIM), has begun the world’s first human dermatological clinical trials on psoriasis (PsO) and atopic dermatitis (AD) commonly known as eczema based on AXIM’s AX-1602 proprietary, patent-pending topical ointment formulation containing cannabigerol (CBG) and other cannabinoids. Conducting the clinical trials is a world-renowned dermatologist and specialist on psoriasis and atopic dermatitis, Dr. Marcus Meinardi, at The Maurits Clinics in The Hague, The Netherlands. Psoriasis and eczema are estimated to affect nearly 200 million people worldwide by 2024 with combined market estimates at $16 billion by 2022.
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