NEW YORK, April 13, 2017 /PRNewswire/ --
2016 was a key and essential year for the legal cannabis industry. According to a research by New Frontier Data, the legal
cannabis market was worth an estimated $6.6 billion in 2016, and is projected to grow at a compound
annual growth rate (CAGR) of 16% or reaching more than $24 billion by 2025. The medical market is
projected to grow at 12% CAGR through 2025 and growing from $4.7 billion in 2016, to an estimated
$13.3 billion in 2025. These projections are made under the assumption that no more states will
legalize cannabis products throughout the forecasted period. Naturally Splendid Enterprises Ltd. (OTC: NSPDF) (TSX-V: NSP),
General Cannabis Corp. (OTC: CANN), United Cannabis Corporation (OTC: CNAB), MassRoots Inc. (OTC: MSRT), Aurora Cannabis Inc.
(OTC: ACBFF).
New Frontier Data also explains the current state of the legal cannabis market. The firm estimates that 95% of the U.S.
population lives in a state where there is some form of legal cannabis (including adult use, medical use, CBD only laws.) In
addition, 93% of Members of Congress represent constituents in markets, where some form of cannabis is legal and 412 members in
the House of Representatives and 86 Senators. New Frontier CEO & Founder, Giadha Aguirre De Carcer, explained that, "While
the cannabis industry has been anxious to gain more clarity into how President Trump's Administration is going to treat the legal
cannabis market in the U.S., it has also provided the opportunity for rigorous debate on the issue. This data highlights the
complexity of this debate and the number of Americans that would be impacted by the outcomes of this policy debate."
Naturally Splendid Enterprises Ltd. (OTCQB: NSPDF) (TSX-V: NSP) earlier today announced that the
company has, "entered into a marketing and distribution agreement with First Step Japan (FSJ), to market its NATERA® CBD product
line in Japan, the world's third largest economy."
The mutually exclusive relationship between FSJ and NSE involves FSJ representing CBD-based products offered by NSE.
Additionally, NSE can expand this offering to include other products and ingredients including HempOmega™ that NSE and FSJ feel
have commercial merit for the Japanese market. This exclusivity has a two-year initial period with options to extend. FSJ will
construct a Japanese consumer specific, e-commerce platform focusing on a Business-to-Consumer strategy; thus capitalizing on the
robust e-commerce market still growing in Japan. Additionally, FSJ will assist NSE's Business to
Business strategy marketing directly to distributors, brokers and retailers. This comprehensive marketing strategy is designed to
cover multiple distribution channels.
First Step Japan is a Japan-based market entry and consulting firm that serves a variety of
businesses and non-governmental organizations. They guide clients to achieve their sales goals and to make successful and lasting
entries into the Japanese market. The principals of FSJ have combined for over 30 years of experience in Japan. They are uniquely equipped to navigate the local business environment and generate results for their
clients. Leveraging an extensive network of associates covering all angles of business operations, FSJ offers a single-entry
point to the market."
On March 27 th, 2017, General Cannabis Corp. (OTCQB: CANN)
announced that its security division, Iron Protection Group (IPG), the premier provider of protection services for the regulated
cannabis industry, will begin offering its services in California. By opening an office in
Sacramento, IPG will serve the largest regulated cannabis market in the world, now that the
state voted to legalize the recreational use of marijuana for adults last November. "The demand for security services in
California is skyrocketing," said Hunter Garth, Managing Director
of IPG. "As a known security leader in Colorado, we are now seeing a dramatic rise in security
and transportation requests from companies throughout the state. By opening our first office in the state capital, we plan to
fulfill a vital component of the regulated cannabis industry in this substantial market."
United Cannabis Corporation (OTCQB: CNAB) is a pioneer in the application of cannabinoids for medical
applications and is building a platform for designing targeted therapies to increase the quality of life for patients around the
world. On February 23 rd, 2017, the company announced that it has signed an exclusive
licensing agreement with Vessel Life Sciences ("VLS") to produce and distribute its products, including the award-winning Prana
Bio Nutrient Medicinals, throughout Pennsylvania. United Cannabis' Prana line offers a wide
selections of raw and active cannabinoid supplements with multiple delivery methods that have accurately dosed medicine from 1mg
to 100mg.
MassRoots Inc. (OTCQB: MSRT) is a leading technology platforms for the regulated cannabis industry. The
Company's mobile apps enable consumers to make educated cannabis purchasing decisions through community-driven reviews. On
March 27, 2017, the company announced it has launched a new website. Powered by more than one
million registered users, MassRoots enables consumers to rate products and strains based on their efficacy (i.e. effectiveness
for treating ailments such back-pain or epilepsy) and then presents this information in easy-to-use formats for consumers to make
educated purchasing decisions at their local dispensary.
Aurora Cannabis Inc. (OTCQX: ACBFF) recently announced that it has completed the acquisition of Peloton
Pharmaceuticals Inc. ("Peloton"), a Montreal-area late-stage ACMPR-applicant. Peloton is
completing construction of a state-of-the-art 40,000 square foot cannabis production facility in the City of Pointe-Claire, Québec, which received a 'ready to build' letter from Health Canada in 2014. At full
capacity, the facility is expected to be capable of producing up to 3,900 kg of high quality cannabis per year. Aurora management
believes the Peloton facility is approximately 80% complete, and can be ready for Health Canada's pre-licensing inspection by the
second half of 2017.
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