NetworkNewsWire Editorial Coverage: Proponents of legal cannabis
celebrated a victory on July 27. By voice vote, the Senate
Appropriations Committee approved a budget bill amendment that
prevents the federal government from interfering in medical
marijuana programs in states where cannabis has been legalized for
medical use1. This event represents one more step
forward as legal cannabis companies like
ChineseInvestors.com, Inc. (CIIX) (CIIX
Profile), Terra Tech Corp.
(TRTC), Medical Marijuana, Inc. (MJNA),
Marijuana Company of America Inc. (MCOA) and
SinglePoint, Inc. (SING) solidify their footholds
in the marketplace.
The amendment to the “2018 Commerce, Justice and Science
Appropriations Bill” bars the Department of Justice from using
federal funds to keep states from implementing their own laws that
allow the use, distribution, possession or cultivation of medical
marijuana. In other words, the DOJ is prohibited from investigating
medical marijuana cases or enforcing federal marijuana laws in
states where cannabis has been legalized for medical use.
Both legal and public views on marijuana continue shifting
toward the “pro” side of the debate. A recent Gallup poll reported
that 60 percent of Americans now support the legalization of
marijuana2, while an April 2017 poll conducted by
CBS3 showed 88 percent of Americans are in favor of
legalizing medical marijuana.
In light of this increasingly favorable landscape, market
momentum is strong for cannabis companies and investors looking for
play in the legal marijuana market have ample opportunity.
ChineseInvestors.com (CIIX), for
instance, presents a prime investment prospect as it works toward
its goal of becoming the world’s leading publicly traded Chinese
medical cannabis company.
The presence of CIIX is growing steadily as the company
continues diversifying its cannabis market entry points. One of the
company’s key focuses at present is investing in the distribution
and R&D of cannabidiol-based (CBD) health products and
medicines to Chinese-speaking consumers.
In recent company news, CIIX’s wholly owned foreign enterprise,
CBD Biotechnology Co. Ltd., officially filed a record of its first
line of non-industrial hemp-infused skincare products, called the
CBD Magic Hemp Series, with the China Food and Drug Administration
(CFDA). The product line is expected to be launched between late
August and early September 2017, and CBD Biotechnology believes it
to be the very first line of non-industrial, hemp-infused skincare
products in China. This will position CBD Biotechnology as a
first-mover in a virtually untapped area of China’s skincare
industry.
While marijuana is currently illegal in China, cannabis-based
oils are not, which gives CIIX promising access to a market of
almost 2 billion consumers in that country.
Another recent milestone for CIIX has been the creation of a
Hemp Education Center in San Gabriel, California, established by
the company’s wholly owned subsidiary ChineseHempOil.com, Inc. The
club-style facility is at the center of the thriving
Chinese-speaking community in San Gabriel. Through it, the company
plans to deliver valuable information for those desiring to learn
more about the potential health benefits of non-industrial hemp and
hemp-derived CBD and to bolster awareness about non-industrial
hemp, which is rooted in ancient Chinese medicine. The activities
and events hosted at the Hemp Education Center will coincide with
efforts to bolster CIIX’s local advertising presence and brand
awareness development and to help further publicize the company’s
hemp and hemp-derived CBD products.
CIIX is also preparing to open its first retail store in San
Gabriel, which will be among the first establishments to sell the
company’s new OptHemp health product line.
In addition to its activities in China and the United States,
CIIX is expanding its presence in other countries and recently
incorporated CBD Biotechnology Inc. in British Columbia, Canada, to
focus on the R&D and distribution of health products in Canada,
including hemp-based CBD, food products and beverage items.
CIIX’s wholly owned Chinesehempoil.com, Inc. subsidiary is now
officially accepting bitcoin payments, allowing customers to buy
hemp-based products through non-cash transactions in areas where
banking options are limited due to government restrictions, as they
currently are in the U.S. The company also launched
ChineseCBDoil.com in December 2016 in the free-trade zone of
Shanghai, China, marking the first CBD health products online store
to be offered in the Chinese language. Concurrent with that launch
was the debut of the very first Chinese language Yelp-style social
media app, also launched by CIIX.
While the underlying cannabis market is projected to grow at a
rate of 80 percent, CIIX was predicted to grow at a CAGR of about
100 percent through 2020 and attain revenues of $14.8 million by
fiscal year 2020, according to a May 2017 research report issued by
Consilium Global Research (http://nnw.fm/a13sJ).
Other companies that are budding with promise in the legal
marijuana market include Terra Tech (TRTC). A
vertically integrated agriculture company, Terra Tech has multiple
subsidiaries in the medical marijuana space and is focused on
consistently cultivating and providing high-quality medical
marijuana to qualified, registered medical marijuana businesses
along with supporting research that will lead to the cultivation
and cross-breeding of marijuana strains to treat various medical
conditions. Terra Tech recently obtained its Dual Use Marijuana
business licenses from the state of Nevada, which enabled adult-use
cannabis sales to commence at its four Blüm cannabis
dispensaries.
Another promising bloomer in the medical cannabis space is
Medical Marijuana (MJNA), which stood out as the
very first company to offer hemp-based CBD products in the U.S.,
doing so legally despite current federal cannabis restrictions.
MJNA offers high-quality cannabis-derived products that utilize the
health properties of non-psychoactive cannabinoids like CBD,
possessing a variety of potential health applications while being
free of tetrahydrocannabinol (THC). The company’s low- and non-THC
cannabis varieties (hemp) are grown outside of the U.S., and then
MJNA’s carefully cultivated CBD hemp oil and hemp oil products are
imported into the U.S., where they are fully legal due to their
lack of psychoactive properties. Free of THC or containing only
insignificant amounts, CBD hemp oil offers a full spectrum of
phytocannabinoids with high CBD content.
MJNA products currently include pure CBD oil; CBD oil capsules;
CBD oil chewing gum; CBD oil tinctures, sprays and liquids; CBD
vaporizers, vape oil and vaporizer pens; and hemp oil body care
products. The company is successfully offering its legal hemp-based
CBD products in various countries, including Mexico, Brazil and
locations in Europe.
Innovative cannabis and hemp corporation Marijuana
Company of America (MCOA) is another recognized play,
engaged in the marketing and distribution of hemp to give investors
a chance to be at the vanguard of cannabis and hemp innovation,
cultivation, processing and distribution. Through its vertically
integrated business model, MCOA and its partners are ideally
positioned for rapid growth. The company’s portfolio of brands,
investments and joint ventures includes hempSMART, Club Harmoneous,
Bougainville, GateC Research, and MoneyTrac Technology. MCOA
recently completed an investment of $250,000 into MoneyTrac
Technology, Inc., a subsidiary of Global Payout, Inc. (OTC PINK:
GOHE), in exchange for 15 percent ownership interest. This
investment was made to help establish and market MoneyTrac
Technology as an alternative banking solution for the marijuana
industry.
MCOA, through its wholly owned subsidiary H Smart, Inc., also
recently successfully filed for a full non-provisional U.S. patent
for its proprietary formulation of hempSMART Brain, which was
developed to bolster brain function and health while featuring CBD
as its core ingredient.
Another marijuana-related company rapidly making a name for
itself in the marketplace is SinglePoint
(SING) SinglePoint provides a diversified investment
opportunity within the legal cannabis space without ever touching
the plant, and the company is starting to demonstrate its ability
to generate revenues through strategic acquisitions. Among its
services to legal cannabis businesses, SinglePoint operates
www.SingleSeed.com through its SingleSeed subsidiary.
SingleSeed.com has become a premier hub for cannabis dispensaries
that are looking for merchant payment processing solutions and
other business tools, providing them with payment processing and
text message marketing solutions.
SinglePoint is also developing a proprietary bitcoin payment
solution to enable currently “unbankable” cannabis businesses to
conduct non-cash transactions. The company closed a $1 million
company-friendly Convertible Promissory Note with an institutional
investor in June with the intention to use proceeds from the
investment to support its bitcoin solution, and SinglePoint
continues actively planning and executing strategic acquisitions in
the cannabis space. The company recently acquired 90 percent
ownership of Discount Indoor Garden Supply (DIGS), which, among its
products and services, offers hydroponic products and consulting
services to marijuana growers. SinglePoint further invested in
Convectium earlier this year and, through that company, is engaged
in offering equipment, branding and packaging solutions to the
cannabis industry.
Continued legal victories and a turning tide of public opinion
are adding fuel to the already blazing fire of the legal marijuana
market. The named companies offer intriguing investment
opportunities for those seeking promising play in this burgeoning
market.
Editorial Sources:
1) The Hill http://nnw.fm/R7fF1
2) Gallup http://nnw.fm/Cq0ZA
3) CBS http://nnw.fm/7wX3W
For more information on ChineseInvestors.com, please visit:
ChineseInvestors.com (CIIX)
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