NEW YORK, March 2, 2017 /PRNewswire/ --
The global medical cannabis market size was valued at USD 11.4 billion in 2015 and is projected
to grow with CAGR of 17.1% during the forecast period, USD 55.8 billion by 2025, according to Grand
View Research. The market is experiencing growth due to rising awareness regarding various medical applications such as pain
management, appetite enhancement, and reducing eye pressure, as well as due to an increasing number of countries around the world
allowing cannabis products to be manufactured and sold. NutraFuels Inc. (OTC: NTFU), American Cannabis Company Inc. (OTC: AMMJ),
Growblox Sciences Inc. (OTC: GBLX), United Cannabis Corporation (OTC: CNAB) MassRoots Inc. (OTC: MSRT)
The report indicates that North America held a majority of the shares of nearly 49.0% in
2015. The surging pace of cannabis legalization in the U.S. is one of the key factors contributing to its increased demand. In
the U.S., cannabis has been legalized for recreational uses in 4 states and 5 states, namely, California, Maine, Arizona, Massachusetts, and Nevada have voted for its legalization for recreation
needs also. North America is also projected to be the fastest growing market with a CAGR of
22.0% during the forecast period.
NutraFuels Inc. (OTC: NTFU) is a manufacturer, distributer and marketer of a line of oral spray nutritional dietary
products to consumers, retailers and wholesale outlets. Oral spray delivery systems are recognized by many as an effective
methodology for delivery of pharmaceutical and nutraceutical products. On February 23
rd, the company announced that as part of the implementation of initiation of clinical studies on the company's
product line of oral spray nutraceuticals has announced the appointment of Kenneth Duchin, Ph.D.,
as Vice-President, Clinical Development and the agreement with Palm Beach Research to conduct clinical studies.
The recent growth of NutraFuels has provided the opportunity to explore the benefits of the oral spray product line. Dr
Duchin's career has spanned over 30 years in the pharmaceutical industry in various management positions at Bristol-Myers Squibb
and in small and mid-size companies (Theravance, IVAX Corporation, Noven Pharmaceuticals) as well as in start-up virtual
organizations. He has extensive drug development experience in a broad range of therapeutic areas, led several registration
programs, authored regulatory NDA and ANDA documents and has led cross-functional development teams. In addition, he has been an
inventor of 9 patents and has published nearly 40 papers in peer reviewed journals.
To facilitate the clinical investigations sponsored by Nutrafuels, the company has engaged Palm Beach Research, West Palm
Beach FL to conduct the clinical studies. This facility has access to large numbers of patients who routinely participate in
clinical trials for many pharmaceutical and biotech companies based in the US and abroad.
"We are very pleased to be working with Ken and Palm Beach Research to initiate clinical trials for our health and wellness
products," said Edgar Ward, NutraFuels President/CEO.
American Cannabis Company Inc. (OTCQB: AMMJ) offers end-to-end solutions to existing and aspiring participants in the
cannabis industry. We utilize our industry expertise to provide business planning and market assessment services, assist state
licensing procurement, create business infrastructure and operational best practices. American Cannabis Company also developed
and now owns a portfolio of branded products including: The Satchel™, SoHum Living Soils™, The Cultivation Cube™ and The High
Density Cultivation System™. We also design and provide other industry-specific custom product solutions. The building and
development of our brands and product suite is based on our Geoponics Philosophy, 'the art and science of agriculture in
soil.'
Growblox Sciences Inc. (OTCQB: GBLX) merges state-of-the-art technologies in plant biology, cultivation and
post-production processes in order to optimize safe, consistent medical Cannabis. The company is pioneering technologies and
industry-leading processes in combination with a Big Data-driven clinical research and development program to bring relief to
patients in communities across the country. The company develops a comprehensive line of highly effective cannabis-based
therapies ranging from custom medical compounds to consumer health and beauty products. The GB Sciences cultivation methodology
ensures a consistent ratio of the plant's medicinal properties for each and every harvest. This is a critical factor when
creating formulations for standardized therapeutic products.
United Cannabis Corporation (OTCQB: CNAB) has signed an exclusive licensing agreement with Vessel Life Sciences to
produce and distribute its products, including the award-winning Prana Bio Nutrient Medicinals, throughout Pennsylvania. The Company's Prana Bio Medicinal products provide patients a simple, safe, accurate and easy
way to mix-match cannabinoids for therapeutic purpose. These products are broken into 5 easy-to-use categories that are available
in capsules, sublinguals and topical delivery methods. The company uses a patent-pending infusion process utilizing select fatty
acids, lipids and specific combination of cannabis derived terpenes to increase bioavailability. Prana Bio Medicinal products are
NON-GMO, ethanol-free, alcohol-free, glycerin-free, gluten-free, 100% naturally derived, chemical-free, solventless and
hypoallergenic.
MassRoots Inc. (OTCQB: MSRT) is one of the largest technology platforms for the regulated cannabis industry. The
Company's mobile apps enable consumers to make medical cannabis purchasing decisions through community-driven reviews. MassRoots
is proud to be affiliated with the leading businesses and organizations in the cannabis industry, including the ArcView Group and
National Cannabis Industry Association. MassRoots is not associated with the production or sale of cannabis, rather the company
is one of the largest and most active technology platforms for cannabis consumers, businesses and activists with over 900,000
registered users.
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