- March 29, 2018
- Posted by: Alton
- Category: Marijuana Business News
Matching to data posted by Energias GENERAL MARKET TRENDS, the global medical cannabis market is expected to expand significantly from USD 8.28 billion in 2017 to USD 28.07 billion by 2024 with a CAGR of 19.1% in the forecast period.
Factors traveling the expansion of the legal cannabis industry include mounting reputation of medical benefits, growing demand for cannabis in the treating various diseases, and increasing volume of research and development activities. Inside the U.S, there are 28 claims that contain approved the utilization of cannabis for medical purposes.
In major market segments like Colorado, California, Alaska, Massachusetts and Nevada, cannabis is legal for recreational use. Weed Company of America, Inc. (OTC: MCOA), MassRoots, Inc. (OTC: MSRT), mCig, Inc. (OTC: MCIG), Medical Pot, Inc. (OTC: MJNA), Independence Leaf, Inc. (OTC: FRLF)
Matching to Benzinga, Viridian Capital Chief executive Scott Greiper said that the cannabis market received $1.23 billion investment funds in the first five weeks of 2018, up from $178 million per year before. Viridian Capital Advisors’ Vice Leader Harrison Phillips discussed: “Investment funds in cultivation and retail this season have been motivated mostly by the Canadian player.
It has been happening quite regularly from overdue 2016 through 2017. This displays the need to level cannabis businesses, to get some good kind of edge, also to explore proper opportunities, both through acquisitions and international growth.”
Pot Company of America, Inc. (OTC: MCOA) just released breaking news previous today that, “it offers employed Eddy Pham & Company (EPCO) to provide retail advertising services because of its hempSMART(TM) top quality products.
Eddy Pham & Company is a primary to consumer full-service marketing company that provides MCOA’s hempSMART products with a completely included, multi-channel transactional advertising campaign centered on digital advertising, infographics, content marketing, customer bonuses and acquisition, a wide social media occurrence as well as search engine marketing techniques and optimization which includes thorough research and analytics. EPCO may also be providing outsourced customer support and fulfillment services for hempSMART requests made through their marketing campaign.
Since 1993, EPCO’s CEO, Mr. Eddy Pham has already established an extended and successful job controlling transactional marketing promotions. Mr. Pham has been mixed up in product development, making, distribution, and marketing campaign marketing of many of the well-known products on the marketplace.
With the knowledge gathered from taking care of the creation for over 160 products, EPCO is poised to help the hempSMART category of products achieve success from building brand collateral to overall more sales. EPCO will utilize its partnerships within the transactional companies to help bring hempSMART to consumers who want for all those natural, hemp-derived, full variety CBD and other future cannabinoid (CBC, CBG, CBN) founded proprietary designed products that are in development.
CEO Donald Steinberg, explained, “MCOA is honored to own EPCO on as a marketing spouse for our hempSMART products. The impressive online marketing strategy that EPCO will be putting into action with this products can help secure hempSMART among the leading hemp-based cannabinoid companies in THE UNITED STATES.”
Eddy Pham state governments, “In over 2 decades of product development and transactional marketing, I could say that hempSMART produces quality products that truly work. Personally, i haven’t been this thrilled in quite a while to focus on a product brand that can truly bring comfort to its users.””
MassRoots, Inc. (OTCQB: MSRT) is one of the leading technology websites for the controlled cannabis industry. Power by several million new users, MassRoots permits consumers to rate products and strains predicated on their effectiveness and then reveals these details in easy-to-use platforms for consumers to make informed purchasing decisions at their local dispensary.
Businesses are in a position to leverage MassRoots by strategically advertising to consumers predicated on their personal preferences and tendencies. Previous month, the business declared it appointed Mr. Graham Farrar, Creator and Owner of Quest Health Affiliates, to its Table of Directors on Feb 21, 2018. Mr. Farrar is Creator and Spouse at Top notch Garden Low cost, a dealer of cannabis development equipment, and CEO of A glass House Farms, a respected cannabis development company in California.
mCig, Inc. (OTCQB: MCIG) is a varied company servicing the legal cannabis, hemp and CBD market segments. mCig, Inc. is focused on being the main distributor of technology, products, and services to match the needs of your rapidly broadening industry. Previously this month, the business declared that on Feb 26, 2018 FarmOn! Base was granted authorization to execute an Industrial Hemp Agricultural Research Pilot program through the brand new York STATE DEPT. of Agriculture & Markets.
The procedure will be conducted via a jv between NYAcres, Inc., a subsidiary company of mCig, Inc., and FarmOn! Base. It is presently on routine to organically flower its first professional hemp seed on 40 acres immediately. Industrial hemp is projected to increase 700% by 2020 from current earnings forecasts at $600 million in NY State, which includes focused on economical development with development of Industrial Hemp Research Permits, presenting mid-size NY Express farms the possibility to implement lasting and organic and natural practices to market efficiency and success with professional hemp research in CBD, foods and olive oil, textiles and pest management.
Medical Cannabis, Inc. (OTC: MJNA) lately released that its flagship product Real Scientific Hemp Oil(TM) (RSHO(TM)) will be highlighted in an forthcoming portion on Emmy(R) Award-winning day time have a discussion show CBS’ The Doctors on Thursday, March 27, 2018. The merchandise included, Real Scientific Hemp Oil(TM), is a 100 % pure non-GMO hemp essential oil, unmodified and sourced upright from the hemp place. RSHO(TM) is extracted from hemp cultivated free from chemical type fertilizers, pesticides or herbicides in the foothills of North Europe.
Medical Weed, Inc. markets RSHO(TM) through its syndication subsidiary, HempMeds(R). HempMeds(R) was the first company to ever before bring hemp-based CBD petrol products to advertise in the U.S. in 2012 and was also the first-ever company to get historic authorities import approvals because of its CBD products in the countries of Brazil, Mexico and Paraguay.
Independence Leaf, Inc. (OTCQB: FRLF) is a worldwide innovator in the cannabis/hemp ecosphere. Just lately, the company declared that it offers hired Purdue University or college Biomedical Executive graduate Nick Shi to oversee the Leafceuticals Inc hemp removal, distillation and refining lab in North NEVADA.
Leafceuticals Inc is Liberty Leaf’s wholly-owned removal and manufacturing department that uses NuAxon CO2 supercritical removal to manufacture low cost hemp CBD essential oil, terpenes, unusual cannabinoids, and other valuable byproducts of professional hemp. Furthermore to employing highly-skilled personnel, Leafceuticals Inc is also along the way of increasing its center in North NEVADA, currently making two additional fully-functioning lab areas for hemp CBD extracting, distilling, and refining.
Previously in March 2018, FRLF authorized a secured asset Purchase Agreement to obtain Irie CBD, a California-based products that is working since 2015. Irie CBD formulates, companies and distributes CBD tinctures, CBD edibles, CBD topicals and CBD concentrates to retail marketplaces in the united states.
Source :- PR News Wire