NEW YORK, August 24, 2016 /PRNewswire/ --
Legal U.S. marijuana sales reached $5.4
billion for 2015, which represents an increase of 17.4
percent from the $4.6 billion in 2014
according to ArcView Market Research. This year, even a bigger jump
in sales is expected. As a result, more companies across the entire
industry are trying their luck. What is more surprising is just how
diverse the Cannabis industry is becoming. Freedom Leaf
Inc. (OTC: FRLF), Medical Marijuana Inc (OTC:
MJNA), Terra Tech Corp (OTCQX: TRTC), Cara Therapeutics
Inc. (NASDAQ: CARA), Zynerba Pharmaceuticals
Inc. (NASDAQ: ZYNE)
As both medical and recreational marijuana, which is now
available in four states, are becoming more mainstream, we are
starting to see different sectors within the industry building up.
In agriculture for example, companies like Terra Tech Corp
(OTC: TRTC) attract attention. Terra Tech is a cannabis-focused
agriculture company, which uses innovative technology to grow the
plant to create sustainable solutions for medical cannabis
production, extraction and distribution, plant science research and
development.
In media, Freedom Leaf Inc. (OTC: FRLF) is one of
the leading go-to resources in the cannabis, medical marijuana, and
industrial hemp industry. The Freedom Leaf magazine has
published and circulated hundreds of thousands of copies of its
nine editions in around 30 states, and it provides activists,
consumers, patients and entrepreneurs with marijuana-related
information, innovations and legislation. The Company provides
clients with two main services: advertising in its magazine,
website and e-mail blasts, as well as branding and marketing
services in order to aid companies in its industry to develop their
brand or to sell their products.
Freedom Leaf Inc. just announced that it's developing
Lady Cannabis™ as one of the first beauty product lines offering
100% grown-in-the USA Hemp High
Cannabidiol, CBD. Lady Cannabis™ Divinely Designed Hemp Inspired™
will sell a unique, premium High CBD extract to promote health,
beauty and well-being. "The name, Lady Cannabis was conceived for
plant-based products from Mother Nature," said Freedom Leaf, Inc.
CEO, Cliff Perry. "Freedom Leaf
CBD-infused products will be manufactured under strict certified
production laboratory facilities labeled with batch, lot number and
expiration controls." This approach will give the Lady Cannabis™
product line a strong competitive advantage as it reaches out
directly to consumers through LadyCannabis.com and word of mouth
sales.
Freedom Leaf Inc. continued to mention that he
USA grown High CBD that Freedom
Leaf has identified for its Lady Cannabis™ line is required to go
through the highest levels of testing for a nutraceutical
ingredient. Cannabidiol (CBD) is a legal compound in the hemp plant
that has shown to offer beneficial medical effects including
antioxidant and anti-inflammatory properties to the body without
the psychoactive effects associated with Tetrahydrocannabinol
(THC).
In the medical cannabis field, there are companies like
Medical Marijuana Inc. (OTC: MJNA), which products
range from cannabinoid-based products, to whole plant or isolated
high value extracts manufactured and formulated for the
pharmaceutical, nutraceutical and cosmeceutical industries. The
Company provides several services including medical clinic
management, and the capitalization and development of cannabis and
hemp industries business.
The sector that has been in the center of attention most of all
is cannabis based pharmaceuticals. Companies like Cara
Therapeutics Inc. (NASDAQ: CARA) and Zynerba
Pharmaceuticals Inc. (NASDAQ: ZYNE). Cara is more
focused on cannabinoid receptors and developing lead molecules
which can be used for therapeutic purposes, treating neuropathic
pain. Zynerba has been focusing on its main product candidate, the
CBD Gel - ZYN002, which is a non-psychoactive cannabinoid that is
currently undergoing phase 2 studies for patients who suffer from
refractory epilepsy.
The legal marijuana market in the
United States is expected to grow to $7.1 billion in 2016, a 26% growth comparing to
2015 according to ArcView Market Research.
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