The Legal Cannabis Market Projected to Rise

NEW YORK, April 13, 2017 /PRNewswire/ —

2016 was a key and essential year for the legal cannabis industry. According to a research by New Frontier Data, the legal cannabis market was worth an estimated $6.6 billion in 2016, and is projected to grow at a compound annual growth rate (CAGR) of 16% or reaching more than $24 billion by 2025. The medical market is projected to grow at 12% CAGR through 2025 and growing from $4.7 billion in 2016, to an estimated $13.3 billion in 2025. These projections are made under the assumption that no more states will legalize cannabis products throughout the forecasted period. Naturally Splendid Enterprises Ltd. (OTC: NSPDF) (TSX-V: NSP), General Cannabis Corp. (OTC: CANN), United Cannabis Corporation (OTC: CNAB), MassRoots Inc. (OTC: MSRT), Aurora Cannabis Inc. (OTC: ACBFF).

New Frontier Data also explains the current state of the legal cannabis market. The firm estimates that 95% of the U.S. population lives in a state where there is some form of legal cannabis (including adult use, medical use, CBD only laws.) In addition, 93% of Members of Congress represent constituents in markets, where some form of cannabis is legal and 412 members in the House of Representatives and 86 Senators. New Frontier CEO & Founder, Giadha Aguirre De Carcer, explained that, “While the cannabis industry has been anxious to gain more clarity into how President Trump’s Administration is going to treat the legal cannabis market in the U.S., it has also provided the opportunity for rigorous debate on the issue. This data highlights the complexity of this debate and the number of Americans that would be impacted by the outcomes of this policy debate.”

Naturally Splendid Enterprises Ltd. (OTCQB: NSPDF) (TSX-V: NSP) earlier today announced that the company has, “entered into a marketing and distribution agreement with First Step Japan (FSJ), to market its NATERA® CBD product line in Japan, the world’s third largest economy.”

The mutually exclusive relationship between FSJ and NSE involves FSJ representing CBD-based products offered by NSE. Additionally, NSE can expand this offering to include other products and ingredients including HempOmega™ that NSE and FSJ feel have commercial merit for the Japanese market. This exclusivity has a two-year initial period with options to extend. FSJ will construct a Japanese consumer specific, e-commerce platform focusing on a Business-to-Consumer strategy; thus capitalizing on the robust e-commerce market still growing in Japan. Additionally, FSJ will assist NSE’s Business to Business strategy marketing directly to distributors, brokers and retailers. This comprehensive marketing strategy is designed to cover multiple distribution channels.

First Step Japan is a Japan-based market entry and consulting firm that serves a variety of businesses and non-governmental organizations. They guide clients to achieve their sales goals and to make successful and lasting entries into the Japanese market. The principals of FSJ have combined for over 30 years of experience in Japan. They are uniquely equipped to navigate the local business environment and generate results for their clients. Leveraging an extensive network of associates covering all angles of business operations, FSJ offers a single-entry point to the market.”

On March 27^th, 2017, General Cannabis Corp. (OTCQB: CANN) announced that its security division, Iron Protection Group (IPG), the premier provider of protection services for the regulated cannabis industry, will begin offering its services in California. By opening an office in Sacramento, IPG will serve the largest regulated cannabis market in the world, now that the state voted to legalize the recreational use of marijuana for adults last November. “The demand for security services in California is skyrocketing,” said Hunter Garth, Managing Director of IPG. “As a known security leader in Colorado, we are now seeing a dramatic rise in security and transportation requests from companies throughout the state. By opening our first office in the state capital, we plan to fulfill a vital component of the regulated cannabis industry in this substantial market.”

United Cannabis Corporation (OTCQB: CNAB) is a pioneer in the application of cannabinoids for medical applications and is building a platform for designing targeted therapies to increase the quality of life for patients around the world. On February 23^rd, 2017, the company announced that it has signed an exclusive licensing agreement with Vessel Life Sciences (“VLS”) to produce and distribute its products, including the award-winning Prana Bio Nutrient Medicinals, throughout Pennsylvania. United Cannabis’ Prana line offers a wide selections of raw and active cannabinoid supplements with multiple delivery methods that have accurately dosed medicine from 1mg to 100mg.

MassRoots Inc. (OTCQB: MSRT) is a leading technology platforms for the regulated cannabis industry. The Company’s mobile apps enable consumers to make educated cannabis purchasing decisions through community-driven reviews. On March 27, 2017, the company announced it has launched a new website. Powered by more than one million registered users, MassRoots enables consumers to rate products and strains based on their efficacy (i.e. effectiveness for treating ailments such back-pain or epilepsy) and then presents this information in easy-to-use formats for consumers to make educated purchasing decisions at their local dispensary.

Aurora Cannabis Inc. (OTCQX: ACBFF) recently announced that it has completed the acquisition of Peloton Pharmaceuticals Inc. (“Peloton“), a Montreal-area late-stage ACMPR-applicant. Peloton is completing construction of a state-of-the-art 40,000 square foot cannabis production facility in the City of Pointe-Claire, Québec, which received a ‘ready to build’ letter from Health Canada in 2014. At full capacity, the facility is expected to be capable of producing up to 3,900 kg of high quality cannabis per year. Aurora management believes the Peloton facility is approximately 80% complete, and can be ready for Health Canada’s pre-licensing inspection by the second half of 2017.

Please sign up now at http://www.FinancialBuzz.com to receive alerts on trending financial news from all these companies. “The Latest Buzz in Financial News“

Subscribe Now! Watch us report from NYSE https://www.youtube.com/FinancialBuzzMedia

Follow us on Twitter for real time Financial News Updates: https://twitter.com/financialbuzz

Follow and talk to us on Instagram: https://www.instagram.com/financialbuzz

Facebook Like Us to receive live feeds: https://www.facebook.com/Financialbuzz/

About FinancialBuzz.com 

FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially-driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR dissemination, branding, marketing and advertising for third parties for corporate news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.

Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the “Site”) is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. Financialbuzz.com has not been compensated directly by any of the companies mentioned here in this editorial. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com does not offer any personal opinions or bias commentary as we purely incorporate public market information along with financial and corporate news. FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform. For this release, FinancialBuzz.com has been compensated a total of ten thousand dollars for financial news dissemination and pr services by a third party non affiliate for  naturally splendid enterprises ltd. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this editorial or site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com will always disclose any compensation in securities or cash payments for financial news PR advertising. FinancialBuzz.com does not undertake to update any of the information on the editorial or Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on this editorial or Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this editorial and website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use. Please visit: http://www.financialbuzz.com.

For further information:
Media Contact: info@financialbuzz.com
+1-877-601-1879
Url: http://www.FinancialBuzz.com

SOURCE FinancialBuzz.com