NEW YORK — Cannabis legalization is on the ballot in nine states, and November 8th may become a major milestone for a long struggle to expand the legal cannabis market to more states.
According to the State of Legal Marijuana Markets report, published by ArcView Market Research, the legal market sales are expected to surpass $22 billion by 2020. America’s views in marijuana have change dramatically over the last couple of years, and continue to evolve still, meaning that legalization has a far better chance than in previous years. Finore Mining Inc. (OTC: FNREF), American Cannabis Company Inc. (OTC: AMMJ), Cannabics Pharmaceuticals Inc. (OTC: CNBX), General Cannabis Corp. (OTC: CANN), United Cannabis Corp. (OTC: CNAB).
The states in focus this election are Arizona, California, Maine, Massachusetts and Nevada, which will decide whether to legalize recreational marijuana for adults, and Arkansas, Florida, Montana, and North Dakota, which will decide on legalizing medical marijuana. Supporters have confidence that the measures will pass in California and Florida, and possibly several other states, which will be a big win for America’s legal cannabis industry.
It is not surprising that the legal cannabis industry is attracting entrepreneurs and businesses. Finore Mining Inc. (OTC: FNREF) recently announced that it has signed a letter agreement dated October 27, 2016 to acquire KushTown USA LLC. According to the agreement Finore Mining Inc. will acquire all of the issued and outstanding securities of Kushtown USA. As the transaction is being completed, the trading symbol in Canada to be changed to KSH, and Finore Mining will restructure its management team with a focus towards developing Kushtown USA product lines into a national retail brand.
Kushtown USA LLC is a California based leading liquid edibles company that specializes in cannabis infused medicated water, sodas, hot sauces and barbecue sauces. Since 2000, Kushtown has been one of the leaders in marijuana beverages and edible products in California, with sales to over 200 medical marijuana dispensaries. The company offers 20 different varieties of medicated sodas on its website. The sodas and drinks come in varieties of carbonated and non-carbonated beverages, with flavors like Cherry Cola, lemonade, fruit punch, and lemon lime, all infused with a medical marijuana THC oil tincture.
The creator of Kushtown USA, Peter Moret, started the company in 2000, after researching cannabis’s medical effects, he created a Medical Marijuana tincture, which helped Moret’s mother who was suffering from breast cancer at the time. The tincture dealing with the aches and pains from the cancer and also increased her appetite and activity. After seeing the benefits and results on his own mother, Peter began to manufacture and distribute the Kushtown sodas to the public.
American Cannabis Company Inc. (OTCQB: AMMJ) has secured a new contract with a Canadian firm to create a cannabis Licensed Producer facility within the Atlantic Provinces. Engagements connected to this project will start with the cultivation of an alternative crop, and then a shift to cannabis production as soon as operational licensing is secured. Future plans call for the creation of green houses and further indoor development.
Cannabics Pharmaceuticals Inc. (OTC: CNBX) has commenced the study in Israel for cancer patients utilizing Cannabics’ SR Capsules. This is one of the world’s only clinical study explicitly investigating the effects of cannabis utilizing a medically standardized edible delivery system. The company describes itself as a licensed research and development based in Israel dedicated to the development of palliative and personalized Anti-Cancer treatments harnessing the versatile therapeutic values of cannabinoids to create tailored therapies for cancer patients.
General Cannabis Corp. (OTCQB: CANN) is the resource for top quality service suppliers available to the regulated Cannabis Industry. General Cannabis is a partner to the production and marketing side of the cannabis business. CANN does this through a mixture of operating divisions such as real estate, consulting, security, financing and the distribution of vital infrastructure products to cultivate facilities and dispensaries.
United Cannabis Corp. (OTCQB: CNAB) has announced that its joint venture with Jamaica-based Cannabis Research & Development, will commence a trial program in partnership with the Rastafari Studies Centre for Cannabis Research, University of West Indies, Mona, to create protocols for the growth of Ital Standards that in turn be used as a monitor for the processing, cultivation and consumption of marijuana. The Joint Venture’s original task will be to take note and confirm the genetics of the Centre’s preliminary plantings, and to provide an outlook in the development of suitable standards and training approaches for the future.
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