Cannabis Products Gain Popularity Domestically and Globally

Cannabis Products Gain Popularity Domestically and Globally

PR Newswire

NEW YORK, February 27, 2017 /PRNewswire/ --

A recent research report published by Grand View Research, Inc. indicates that the global medical marijuana market alone is expected to reach a value of $55.8 billion by 2025. Earlier in 2016, Washington D.C. along with 28 states have legalized marijuana for medical uses. In 2016, states such as Arkansas, Florida, North Dakota, Ohio and Pennsylvania were approved to use the drug in medical applications such as chemotherapies and pain management. The growing number of states and countries getting approval for using it in therapeutic applications is one of the crucial factors driving the demand over the coming few years. Inc. (OTC: CIIX), Terra Tech Corporation (OTC: TRTC), Canopy Growth Corporation (OTC: TWMJF), Cannabis Sativa Inc. (OTC: CBDS), United Cannabis Corporation (OTC: CNAB)

The rapidly growing number of cannabis legalization in the U.S. is one of the key attributes for its increased demand in therapeutic and recreational uses. Regulated cannabis sales in North America totaled $6.9 billion in 2016, a 30 percent increase from 2015. Sales are projected to increase to $21.6 billion by the year 2021 representing a 26 percent compound annual growth rate, according to a report by Arcview Market Research. Inc. (OTCQB: CIIX) just announced this morning that the company's CEO Warren Wang attended Shangdong Yibao Biologics Co. Ltd.'s annual conference, and, by invitation, delivered a five-minute speech to celebrate the 18th anniversary of Yibao Biologics.

Yibao Biologics is a modern high-tech enterprise which specializes in the research, production and sales of chondroitin sulfate series and Confucian series health care products. The company is also the largest and most professional manufacturer of chondroitin sulfate in the world. Yibao Biologics invited to participate in its annual direct sales conference to discuss the development and prospects of Chinese health products enterprises in the United States.

As an attendee of the conference, Wang learned how direct sales of the health products industry operate in China, and how to apply this information to build the sales team of CIIX's retail website. "The market for direct selling of natural products in the United States has considerable depth, and varies from the Chinese market in many ways. It was an honor to attend this year's Yibao Biologics conference, where I was able to gain valuable market insight as well as present my own expertise to fellow attendees," says Wang. recently launched, marking the company's official entry into the CBD hemp oil markets.

" will continue to sell CBD health products through online retailing methods; we will gradually open offline selling channels and combine word-of-mouth marketing with Internet retailing. Our goal is to benefit more Chinese people with reliable logistics network and commodity channels, as well as to provide leading positions in products and resources. Due to the huge size of the Chinese direct selling market, we hope to further expand our market share through investment and alliance in and with direct selling companies," concludes Wang.

Terra Tech Corporation (OTCQX: TRTC) operates through multiple subsidiary businesses including: Blüm, IVXX Inc., Edible Garden, MediFarm LLC and GrowOp Technology. Blüm's retail medical cannabis facilities focus on providing the highest quality medical cannabis to patients who are looking for alternative treatments for their chronic medical conditions. Blüm offers a broad selection of medical cannabis products including; flowers, concentrates and edibles through Oakland and multiple Nevada locations. IVXX, Inc. is a wholly-owned subsidiary of Terra Tech that produces medical cannabis-extracted products for regulated medical cannabis dispensaries throughout California. The Company's wholly-owned subsidiary, Edible Garden, cultivates a premier brand of local and sustainably grown hydroponic produce, sold through major grocery stores. MediFarm LLC subsidiaries are focused on medical cannabis cultivation and permitting businesses throughout Nevada. The Company's wholly-owned subsidiary GrowOp Technology, specializes in controlled environment agricultural technologies.

Canopy Growth Corporation (OTC: TWMJF) subsidiary, Bedrocan®, pioneered medical cannabis in Holland through decades of selection and refinement, leading to standardized, whole bud cannabis strains. Bedrocan Canada supplies the same standardized strains to the Canadian market through exclusive licensing rights to the American continents, an arrangement it will also enjoy for all future genetic advancements. Due to its consistency over time, Bedrocan's strains have been used in clinical research in seven European countries. That commitment to research didn't stay on the east side of the Atlantic - Bedrocan Canada recently launched one of the largest clinical cannabis studies in the world, the EQUAL Study, to evaluate quality of life before and after medical cannabis use.

Cannabis Sativa Inc. (OTCQB: CBDS) announced that the new Ibudtender app will be ready for beta testing. This new app will hold the highest health and safety standards for consumers to date. "The Ibudtender team has been working hard to complete what will be the most sophisticated app in the space," said David Tobias, President of Cannabis Sativa. "The beta test will give the technology a chance to perform, interact with users, get analyzed and perfected, and a final release to follow quickly." Cannabis Sativa Inc. develops and promotes natural cannabis products.

United Cannabis Corporation (OTCQB: CNAB) has signed an exclusive licensing agreement with Vessel Life Sciences to produce and distribute its products, including the award-winning Prana Bio Nutrient Medicinals, throughout Pennsylvania. Vessel Life Science LLC is dedicated to advancing the use of cannabinoids in medicine, with a focus on the refinement of genetics for medical grade strains of CBD-rich cannabis plants for the commonwealth of Pennsylvania's patient base. Founded on the principles of patient-driven results, VLS' mission is to offer the highest quality of products that indisputably prove and reinforce the use of medical marijuana for patient benefits and health advances.

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