New York, New York (NetworkNewsWire) – Medical cannabis sales
are set to impress even the most timid investor, with projected
sales of nearly $5 billion in 2017, or about 67% of the $7.2
billion legal cannabis market. Hemp-derived cannabidiol (CBD)
product sales are also expected to be a billion-dollar business
within three years, growing at a projected 55% compound annual
growth rate from 2016’s $170 million in revenue, according to an
article in Forbes(1). As the cannabis industry continues to
flourish, many publicly traded companies are finding ample
opportunities to thrive. Standout companies determined to grow with
the industry include ChineseInvestors.com (CIIX) (CIIX
Profile), CV Sciences, Inc. (CVSI), Terra Tech
Corp. (TRTC), Medical Marijuana, Inc. (MJNA) and
Hemp, Inc. (HEMP)
It’s worthwhile to note that significant changes in the
acceptance of medical and recreational marijuana also includes the
alternative forms of CBD-infused and hemp-derived products, which
most people now understand do not contain THC, the psychoactive
compound found in marijuana. A massive amount of research into the
health benefits of CBD and its effect on mental health disorders is
also underway in the scientific community.
Branching out into the unique adaptations of the hemp oil
business made perfect business sense for ChineseInvestors.com
(CIIX) (www.ChineseInvestors.com), a leading financial
information website for Chinese-speaking consumers and investors.
CIIX has already established two wholly-owned subsidiaries based in
China and the United States. CBD Biotechnology Co., Ltd., located
in the free trade zone of Shanghai, China, has plans to deliver a
hemp-infused skin care line in China before the end of 2017, while
ChineseHempOil.com, Inc., located in the U.S., has launched its
first hemp oil product line, “OptHemp.” Customers of
ChineseHempOil.com can also purchase the company’s hemp-based
products, foods and beverages using bitcoin (http://nnw.fm/w3pbB). The company’s annual financial
results, released Tuesday, show a 76% YoY increase in revenues
along with an array of new business ventures successfully being
introduced to investors.
Among its offerings is the first marijuana social media mobile
app designed for Chinese-speaking customers worldwide with a beta
version slated for release in November. Its direct-to-consumer
e-commerce business is projecting a compound annual growth rate
(CAGR) of nearly 100% through FY2020, with revenues reaching $14.8
million. CIIX is positioning itself as a global leader with a goal
of becoming the largest Chinese publicly traded company in the
legalized CBD market targeting the world’s Chinese-speaking
communities (http://nnw.fm/yA6bN).
Another company seeking to make a difference in the rapidly
expanding CBD marketplace of cannabis-related products is
CV Sciences, Inc. (CVSI), a preeminent supplier
and manufacturer of hemp-derived phytocannabinoids including CBD
oil. The company plans to exhibit its PlusCBD Oil ™ product brand
at the Natural Products Expo East September 14-16 in Baltimore,
Maryland. The trade show brings together over 28,000 industry
professionals and 1,400 exhibitors. CV Sciences’ product brand is
sold at approximately 1,300 health food stores and continues to
grow its shelf presence in various retail outlets across the
county. In a news release, company spokesman Stuart Tomc said,
“It’s evident that hemp-derived CBD products are doing better and
growing faster than almost every other category in the supplement
industry (http://nnw.fm/H2kId).”
Terra Tech Corp. (TRTC), a vertically
integrated, cannabis-focused agriculture company, is also expanding
its retail operations. Terra Tech Corp. operates multiple
dispensaries as well as cultivation and extraction facilities in
California and Nevada. Terra Tech CEO Derek Peterson said the
company’s recent acquisition of Tech Center Drive Management LLC,
which operates The Reserve OC medical cannabis dispensary in Santa
Ana, California, represents another milestone.
“California has emerged as one of the United States’ leading
legal cannabis markets, with adult-use planned to come online in
2018,” Peterson said in a news release. “Terra Tech will continue
to identify opportunities to expand both its retail and cultivation
capabilities in these core markets to drive forward our growth
strategy and build value for shareholders
(http://cnw.fm/h42vC).”
Medical Marijuana, Inc. (MJNA), the first-ever
publicly traded cannabis company in the United States, announced
that August 2017 was the company’s largest revenue month in its
history. Its wholly owned subsidiaries Kannaway® and HempMeds®
Mexico also experienced the best revenue month in their respective
histories, Kannaway CEO Blake Schroeder said in a news release
(http://cnw.fm/Evae6), noting the company’s
plans to launch a series of new products in Q4 2017 as it gears up
for its regional convention in Denver, Colorado, this fall.
Expansion plans for entering the European market are expected to
contribute to the company’s explosive growth, Schroeder added.
Making significant progress in its bid to be known as the
world’s number one industrial hemp producer and exporter,
HEMP, Inc. (HEMP) has appointed Dr. Robert Ian
Bruck, director and founder of the North Carolina State University
Environmental Technology Program, as Dean of Hemp, Inc.’s Hemp
University. Bruck, who holds two doctorates and years of experience
in the fields of plant pathology and ecology, will be responsible
for the management and development of curriculum at The Hemp
University. Educating not only the public but public policy makers
about the business and scientific aspects of industrial hemp - from
how to grow it to the many complexities of CBD - is a critical
element of moving the cannabis industry forward., according to a
company news release (http://cnw.fm/p1hbY).
While the demand for hemp-based cannabidiol has skyrocketed, so
have the number of companies jumping into the market, Marijuana
Business Daily reports (http://nnw.fm/7ENhH). There are now hundreds, if not
thousands of hemp CBD companies flooding the market looking to take
advantage of the profits to be made in the global cannabis
industry. For companies like ChineseInvestors.com, which has been
in business since 1999, capitalizing on the convergence of CBD and
the nutrition and health products market in mainland China was a
no-brainer.
In a news release (http://nnw.fm/OpHR2), Keevin Gillespie, newly
appointed acting president of the company’s ChineseHempOil.com
subsidiary, expressed his enthusiasm for the company’s future.
“As the many potential health benefits of hemp continue to be
revealed through scientific research and development, I believe the
Chinese community will embrace this rediscovered ancient remedy,”
Gillespie stated. “I look forward to creating brand awareness and
exposure for the Company’s ‘OptHemp’ product line, developing the
Company’s network marketing division and generating significant new
revenue streams for the Company in the coming year.”
Editorial Sources:
1) Forbes http://nnw.fm/rv2xH
For more on CIIX please visit: ChineseInvestors.com (CIIX) or www.ChineseInvestors.com
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