CORAL GABLES, FL / ACCESSWIRE / September 28, 2015 / The numbers are in and in the thick of the cannabis industry's second year of recreational legalization the spear heading state, Colorado is demonstrating just how high this industry can grow. Over the first seven months of 2015 the state ended up raising just over $73 million just from the sale of marijuana alone and puts it on pace to reach upwards of $125 million by year-end. As more states continue to pursue legal avenues to reap similar tax incentives, the space keeps pushing its margins on innovative and revenue producing opportunities that companies in the public space have begun to act on. Companies like FBEC Worldwide, Inc. (OTCQB: FBEC), Pot Network Holdings, Inc. (PINKSHEETS: POTN), and Wee-Cig International Corp (WCIG) have seen the incentives that this new space has begun to offer. Likewise, investors have also been presented with a way to get involved in this market without opening up their own dispensary in order to grab their piece of the boom.
FBEC Worldwide Inc. has undergone several key changes over the better part of the last 60 days. Not only have they put in place new leadership with the former COO taking the seat of CEO, but the Company has also announced that it will be undertaking a hard re-launch of its flagship WolfShot H.E.M.P. Energy shot in mid-October. On a conference call conducted last Wednesday the team at G. Randall & Sons Inc, Linda Strause, PhD, as well as her sons Tyler and Brendon Strause expressed the hemp juice product as well as the key benefits that it offers above many other product that include other derivatives of extracted hemp. Since hitting lows of $0.011 earlier in September, shares of FBEC have rebounded by as much as 152% following highs of $0.0277. The stock closed at $0.0244 on Friday.
Pot Network Holdings, Inc. has taken a different angle on the space by acting as more of an information network and news hub for all things related to the cannabis industry. At the recent LA Cannabis World Congress the company handled coverage and gained insight from some of the figureheads in the cannabis industry today. In their interview (seen here: http://www.potnetwork.com/george-zimmer-has-smoked-pot-for-50-years-longer-then-either-of-my-wives/) of former Men's Warehouse founder George Zimmer they questioned the suit maker on his stance on the space and among other statements, Zimmer stated that he has had a 50 year relationship with Cannabis, "longer than either of [his] wives." Since starting last week off at a price of $0.0001, volume has picked up and shares of POTN ended up closing at $0.0003, 200% above the week's opening price.
Wee-Cig International is involved in designing, developing, manufacturing, and marketing e-cigarettes and vaporizers across the globe. The Company has initiated the release of two new vapor products, the Wee-True and Wee-Vape as well as a silicon container sold to cannabis shops called the Wee-Blockz. "The launch of the Wee-True, Wee-Vape and Wee-Blockz enhances the current Wee-Cig product line which is different and fresh given how saturated and competitive the market is. Also, the United States has over 1,137,000 million registered medicinal patients, many of which use concentrate as opposed to regular herbs and this trend in usage continues to grow. The new Wee-Cig product line accommodates this special niche market," stated Matt Kelly, Director of Wee-Cig in a recent press release. Over the last 90 days the Company's stock has seen prices as high as $0.0299. WCIG closed on Friday at $0.0101.
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