Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 


Real-time Estimate Quote. Real-time Estimate Cboe BZX - 09/17 10:01:39 am
14.82 USD   -0.74%
09/09INSIDER SELL : Cara Therapeutics
08/31Cara to Get $50 Million Investment From Vifor After FDA Korsuva Nod
08/31CARA THERAPEUTICS, INC. : Other Events (form 8-K)
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Cara Therapeutics : CBD Market Becomes Major Part of the Cannabis Industry

05/24/2017 | 09:01am EDT

NEW YORK, May 24, 2017 /PRNewswire/ --

One major component of the legal cannabis industry is the CBD market. CBD is the part of the cannabis plant that doesn't have any psychotropic effects, and is usually used for medical purposes opposed to recreational. Forbes reported that according to Matt Karnes of Greenwave Advisors, "In terms of the CBD market size, I estimate an almost $3 billion market by 2021. Right now there are 15 states that allow CBD only - this is in addition to the 28 states plus DC that have legalized medical marijuana." The report indicates that the CBD market has already been targeted by industry insiders. According to Headset Research data, in Washington state alone there are over 800 CBD products in the marketplace. ChineseInvestors.com, Inc. (OTC: CIIX), Eco Science Solutions, Inc. (OTC: ESSI), Cannabis Sativa. Inc. (OTC: CBDS), Cara Therapeutics Inc. (NASDAQ: CARA), AXIM Biotechnologies, Inc. (OTC: AXIM)

As for the whole legal cannabis market, Arcview Market Research forecasts that growth will reaccelerate beginning in 2018, as adult-use sales ramp up in Canada, California, and Massachusetts along with medical sales in Florida. That will grow the $6.7-billion market of 2016 at a robust 27% CAGR to $22.6 billion in 2021. The biggest political win of the U.S. election in 2016 came in California, where cannabis products are now legal for medical and recreational purposes.

ChineseInvestors.com, Inc . (OTCQB: CIIX) earlier today announced that, "Chinesehempoil.com Inc., established last month as a wholly-owned subsidiary of CIIX, will officially launch its own premium hemp health product line 'OptHemp',", which will include the Company's first private label product, OptHemp Ultra Premium Hemp Oil.

The OptHemp products will be available at http://www.ChineseHempOil.com , the Company's official bi-lingual site. CIIX will use multiple sales channels to implement its sales plan including online sales, retail sales and direct marketing. As part of its plan, CIIX is close to completing construction on its first retail store, which will be among the first retail stores to offer premium hemp-based products along with other health products in San Gabriel, CA. The Company is expected to open the retail store this June in an optimal location within one of the city's premier Chinese consumer districts.  

"I am very pleased to announce the launch of our first premium OptHemp product," says Warren Wang, Founder and CEO of CIIX. "Hemp oil is believed to have positive balancing effects on the mind and body of persons using them."

OptHemp Ultra Premium Hemp Oil, the line's base level product, is extracted and purified with raw materials from 100% organic farms in Colorado using a supercritical CO2 extraction technology. OptHemp products are GMO-free, making them attractive to consumers concerned about product source and purity.

"We believe that the desire for better quality of life in the Chinese community, coupled with fact that the aging population continues to grow, will lead to continued growth in the alternative health sector and increased demand for natural hemp-based health products," says Wang. "CIIX is confident that its OptHemp product line will lay a solid foundation for the Company's entrance into the legal hemp industry and the alternative health sector."

Eco Science Solutions, Inc. (OTCQB: ESSI) is a technology-focused company targeting the health, wellness and alternative medicine industry. Recently, the company announced that it has signed a Sponsorship, Content Development and Licensing agreement with Roaring Lion Tours, Inc. to develop unique educational content that brings awareness and education to the alternative medicine category. Roaring Lion Tour develops inspirational and education content that further promotes the benefits of medical marijuana. "There is a continuing need to bring awareness to the benefits of medical marijuana as a key category in the alternative medical health industry," stated Jeff Taylor, Chief Executive Officer of Eco Science Solutions.

Cannabis Sativa. Inc. (OTCQB: CBDS) recently announced that it entered into an agreement to acquire the intellectual property for the White Rabbit brand of cannabis sprays and cannabis mints. The acquisition will include the exclusive and proprietary product formulations, product mixes, manufacturing methods and branding. The White Rabbit product line currently consists of fast acting low dose cannabis oral sprays and popular low dose cannabis mints. Both the spray and the mints are formulated as CBD only, THC only and CBD/THC blends. Dosage ranges include 2.5mg, 5mg and 10mg tablets and sprays with 1:1 and 20:1 variations of each.

Cara Therapeutics Inc. (NASDAQ: CARA) is developing lead molecules that selectively modulate peripheral CB receptors without targeting CNS cannabinoid receptors. Peripheral CB receptor modulators will be initially developed as a novel therapeutic approach for neuropathic pain, a condition currently without consistently effective therapies. Cara's most advanced CB compound, CR701, is in preclinical development. Cara's CMO Dr. Joseph Stauffer said, "Cannabinoid Receptor Agonists like CR701 have the potential to provide improved pain relief for patients suffering from neuropathic pain."

AXIM Biotechnologies, Inc. (OTCQB: AXIM) focuses on the research, development and production of cannabis-based pharmaceutical, nutraceutical and cosmetic products. Recently, the company announced that its product development partner Quay Pharmaceuticals Ltd. ("Quay Pharma") has obtained the relevant licenses from the British Home Office to import and work with the controlled drugs that are required to continue the development of AXIM's MedChew Rx(R) pharmaceutical chewing gum's family of products. MedChew Rx(R) - formulated with 5 mg of cannabidiol (CBD) and 5 mg of tetrahydrocannabinol (THC) - is being developed as a pharmaceutical drug to treat pain and spasticity associated with multiple sclerosis (MS).

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 service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. 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 as we purely incorporate public market research along with financial and corporate news. FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform. We also do not include any personal opinions or commentary. For this release, FinancialBuzz.com expects to be compensated three thousand dollars for financial news dissemination and pr services by chineseInvestors.com inc. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this 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 has signed a two year agreement with chineseinvestors.com inc. for one hundred thousand restricted common shares for continued financial news dissemination and pr services. 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 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 the 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 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: 


Url: http://www.FinancialBuzz.com

SOURCE FinancialBuzz.com

© PRNewswire 2017
09/09INSIDER SELL : Cara Therapeutics
08/31Cara to Get $50 Million Investment From Vifor After FDA Korsuva Nod
08/31CARA THERAPEUTICS, INC. : Other Events (form 8-K)
08/24Cara Therapeutics and Vifor Pharma announce U.S. FDA approval of KORSUVA (dif..
08/24Wall Street Wavers Pre-Bell, FDA's First Full Approval for COVID-19 Vaccine B..
08/24CARA THERAPEUTICS : HC Wainwright Adjusts Price Target on Cara Therapeutics to $..
08/24Cara Therapeutics Shares Rise 7% on FDA Approval of Korsuva Injection
08/24UPDATE : Cara Therapeutics, Vifor Pharma Get FDA Nod for Pruritus Treatment in H..
08/24CARA THERAPEUTICS : Vifor Pharma and Cara Therapeutics announce U.S. FDA approva..
More news
Analyst Recommendations on CARA THERAPEUTICS, INC.
More recommendations