NEW YORK, November 16, 2016 /PRNewswire/ --
http://www.Financialbuzz.com - Americans are more open minded
about cannabis use than ever before. This election year, at least
several states voted to legalize cannabis in some form,
with California, Massachusetts, Main and Nevada voted to legalize recreational cannabis
for adults, while Arkansas,
Florida, and North Dakota legalized medical cannabis.
California is the largest cannabis
market in the United States, and
legalization of recreational marijuana in the state is crucial for
the growth of the market. Bang Holdings Corporation (OTC: BXNG),
Cara Therapeutics Inc. (NASDAQ: CARA), American Cannabis Company
Inc. (OTC: AMMJ), Medicine Man Technologies, Inc. (OTC: MDCL),
Cannabis Sativa Inc. (OTC: CBDS)
The legal marijuana industry could generate roughly $22 billion in annual sales across the United States by 2020. This is according
to a research report which was jointly released by New Frontier and
ArcView. California's legal
marijuana market could reach $7.6
billion in annual sales by 2020 alone.
Bang Holdings Corporation (OTCQB: BXNG), through its
subsidiary Bang Digital Media, is company that provides brand
management, digital content and influencer-based marketing to the
cannabis industry. Bang Holdings directly promotes companies in the
legal cannabis industry to more than a million followers. The goal
is to connect legal cannabis businesses with potential customers.
Bang Holdings Corporation announced this week it, "believes that
laws legalizing recreational cannabis use in California, Massachusetts, Maine and Nevada, along with medical marijuana
initiatives passed in Montana,
Florida, Arkansas, and North
Dakota are game changers for their business, and that of
their clients. "The legalization of recreational and medical
cannabis in already tourist-friendly states like California and Nevada unlocks massive potential for industry
growth," said Bang Holdings CEO, Steve
Berke. "California alone
represents the sixth biggest economy - not just in the United States - but in the world. We
believe that the business opportunities are vast."
"Even with the majority of Americans now saying they support
cannabis legalization, social media platforms like Facebook and
Twitter and advertising providers such as Google still have a ban
on cannabis-related advertising," Berke said, adding that "Bang has
honed the perfect mix of technical prowess and creative aptitude
necessary to generate successful marketing campaigns for our brands
and clients. We're immensely excited about the growth potential
these new markets will provide," Berke said. "Next year may prove
to be a banner year for advertising and marketing in the cannabis
industry, and we are looking forward to monetizing our beta
platform in 2017."
Biotechnology Company, Cara Therapeutics Inc. (NASDAQ:
CARA), is pleased to be actively enrolling late stage studies with
both IV and oral formulations of CR845 for three significant unmet
medical indications. In September
2016, Cara initiated the enrollment of a Phase 2b trial of
Oral CR845 in roughly 330 patients for the treatment of pain
associated with osteoarthritis and presented positive data at
PAINWeek from the Phase 2a study of Oral CR845 in OA. In October,
company initiated Phase 1 study with Oral CR845 in hemodialysis
patients.
American Cannabis Company Inc. (OTCQB: AMMJ) announced it
has signed a client in Pennsylvania that will be applying for the
state's medical marijuana program in the near future. The
company anticipates to leverage this contract to secure additional
profits through long-term consulting agreements, sales of ancillary
products and services to aid cultivation operations. "As the sixth
most populated state in the country, Pennsylvania is a major market in the growing
medical cannabis framework. Our new client operates with the
business acumen and a track record of success from within other
sectors, and this experience will be key for them in the effort to
realize their goal of operating within Pennsylvania's new medical marijuana program,"
mentioned President and CEO of American Cannabis Company,
Corey Hollister.
Medicine Man Technologies, Inc. (OTCQB: MDCL). The
company implemented a risk averse growing environment, applying
high-tech indoor cannabis cultivation equipment and works in
medical and adult use dispensaries. Medicine Man Technologies
assisted Illinois and Nevada licensees to organize these practices
after acquiring cultivation and dispensary operational licenses.
Currently, the company has reinforced competitive application
filings in Maryland and
Hawaii and has pre-licensure
clients in Texas, California, Florida, Ohio, Arkansas, and Oklahoma and has engaged potential clients in
Alaska, Delaware, Utah, Michigan, Nebraska, Puerto
Rico, and abroad.
Cannabis Sativa Inc. (OTCQB: CBDS) cultivates and markets
natural cannabis products. The Company plans to develop, produce
and market products through joint ventures with companies licensed
under state regulations applicable to cannabis businesses. The
Company is developing a third strain of cannabis plant named CT22.
The Company also conducts its operations through its subsidiary,
Wild Earth Naturals Incorporated. Wild Earth is an herbal skin care
products formulation and marketing company that plans to target the
natural healthcare products market in the
United States and abroad. It offers Go Deep, Go Deep EXTRA, Face Garden, Body Garden
and Lip Garden.
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