NEW YORK, January 5, 2017 /PRNewswire/ --
http://www.Financialbuzz.com - Over the recent few years,
particularly in 2016, the legal cannabis industry has accomplished some significant milestones. Most importantly is the change of
public opinion regarding the use of cannabis, both for medical and recreational purposes. Before the November 8th elections where five states voted on legislation reform, a Gallup poll showed that 60% of
Americans support legal cannabis use. According to the poll, that is the largest percentage of support for legalization ever in
the recorded 47-years of studies conducted, with support increasing among all age groups. ChineseInvestors.com, Inc. (OTC: CIIX),
Zynerba Pharmaceuticals Inc. (NASDAQ: ZYNE), GW Pharmaceuticals (NASDAQ: GWPH), Cara Therapeutics Inc. (NASDAQ: CARA), Insys
Therapeutics Inc. (NASDAQ: INSY).
As a result of this election cycle, as five additional states voted in favor legalization, including California, the largest market for the industry, The Drug Enforcement Administration also changed its
approach. The DEA has previously declined to reschedule cannabis under the Controlled Substances Act, has now made easier access
for research, and upping the number of authorized manufacturers that supply the substance to researchers. As for the industry's
presence, a recent report published on cannabis licenses conducted by research firm Cannabiz Media, the cannabis industry is
entering 2017 with 2,966 medical dispensaries and 3,973 retailers across the country, with more than 4,200 cannabis
cultivators.
ChineseInvestors.com, Inc. (OTCQB: CIIX) is a financial information website for Chinese-speaking investors in both the
U.S. and China. Announced today that, "it will launch the world's first Cannabidiol (CBD) health products online store in
the Chinese Language by the end of January 2017 under the domain name http://www.ChineseCBDoil.com.
CIIX entered into a wholesale agreement with a well-known CBD health brand last month that enables CIIX to retail nutritional
supplements containing CBD to the Asian market through both online and in-store sales. ChineseCBDoil.com will provide a variety
of CBD products, including soft gels, capsules and concentrates, for Chinese-speaking customers worldwide.
Warren Wang, founder and CEO of CIIX, commented: "The Chinese nutrition and health products
market has already generated more than 1 trillion Yuan in consumer sales. As Chinese people pay
more attention to their health conditions, this market is expected to continue its rapid growth. Currently, the benefits of CBD
oil have not been widely recognized in mainland China. CBD products are effective in reducing
anxiety, stress and poor sleep, and can be used to prevent Alzheimer's disease, which is prevalent among elderly people. CIIX has
made a development plan for the next three years, and the critical first step is to set up our CBD health products online store
given the upward trend of the aging population in China."
Mr. Wang further remarked: "According to The CBD Report published by The Hemp Business Journal, Cannabidiol is one of the
fastest growing market categories in the U.S. hemp and legal marijuana industries. In 2015, the CBD industry grew from a nearly
invisible market a few years ago to $202 million in consumer sales, and it is further expected to
grow to $2.1 billion in consumer sales by 2020. We are very excited that CIIX is launching the
world's first CBD online store focused on providing CBD health products for Chinese-speaking customers and making it possible for
them to order various types of CBD products through http://www.chinesecbdoil.com."
Clinical-stage specialty pharmaceutical company dedicated to the development of innovative transdermal synthetic cannabinoid
treatments, Zynerba Pharmaceuticals Inc. (NASDAQ: ZYNE) announces the start of the Treatment of Fragile X Syndrome Anxiety
and Behavioral Challenges with CBD exploratory Phase 2 clinical trial of ZYN002 cannabidiol gel in patients with Fragile X
syndrome (FXS). ZYN002 CBD gel is the first and only patent-protected, synthetic CBD that is formulated as a permeation-enhanced
gel for transdermal delivery. FXS is an autism spectrum disorder and the most common inherited intellectual disability in males
and a significant cause of intellectual disability in females. "Fragile X syndrome is devastating to patients and their
caregivers and we are very hopeful that ZYN002 CBD gel can provide relief for this underserved patient group," said Armando Anido, Chairman and Chief Executive Officer of Zynerba. "We anticipate having top line results for the
FAB-C trial late in the first half of 2017. With an orphan drug designation granted by the Food and Drug Administration for
Fragile X syndrome, we look forward to working with the FDA to bring a treatment to patients as fast as possible."
GW Pharmaceuticals (NASDAQ: GWPH), a biopharmaceutical company, engages in discovering, developing, and commercializing
cannabinoid prescription medicines using botanical extracts derived from the Cannabis plant. Recently, the company announced
additional positive Epidiolex® (CBD) Phase 3 data in poster presentations during the 70th Annual Meeting of the American Epilepsy
Society. "We are pleased to present key findings from two pivotal Phase 3 studies of Epidiolex and believe these additional
positive data reinforce the robust nature of the results achieved in two of the most difficult-to-treat epilepsy patient
populations," stated Justin Gover, GW's Chief Executive Officer. "We are making very good progress
toward a NDA submission to the FDA as well as preparations for commercial launch and look forward to the opportunity to make this
important new medicine available to patients as quickly as possible."
Cara Therapeutics Inc. (NASDAQ: CARA) is a clinical-stage biotechnology company focused on developing and
commercializing new chemical entities designed to alleviate pain and pruritus by selectively targeting kappa opioid receptors.
The company's most advanced product candidate, intravenous, or I.V., CR845, has demonstrated significant pain relief and a
favorable safety and tolerability profile in three Phase 2 clinical trials in patients with acute postoperative pain. The company
completes planned enrollment of 8-week multi-dose phase of adaptive trial of I.V. CR845 in Uremic Pruritus. Uremic Pruritus is
caused by chronic kidney failure and is the most common internal systemic cause of itching.
Insys Therapeutics Inc. (NASDAQ: INSY) is a specialty pharmaceutical company that develops and commercializes
supportive care products. The company markets a sublingual fentanyl spray for breakthrough cancer pain in opioid-tolerant cancer
patients in the US, known as Subsys. Insys's leading product candidate is Syndros, an orally administered liquid formulation of
dronabinol. The company is also developing Cannabidiol Oral Solution, a synthetic cannabidiol for childhood catastrophic epilepsy
syndromes and other product candidates, including other dronabinol line extensions and sublingual spray product candidates.
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