NEW YORK, June 15, 2017 /PRNewswire/ --
According to a report by New Frontier Data, medical cannabis sales in 2017 are forecast to grow to $5.3 billion, which is
67% of total cannabis sales. The report projects that by 2025, medical sales in current legal states are forecast to grow
to $13.2 billion, which will account for 55% of total cannabis sales. Adult use sales in 2017 are forecast to
reach $2.6 billion, or rising to $10.9 billion by 2025. With visibility into the spending and consumption habits
of cannabis consumers nationally, New Frontier Data has found that medical patient spending is outpacing adult-use consumer
spending by a factor of three. In 2016 alone, adult-use consumers shopped once every 14 days and spent $49 per
transaction; medical consumers, by contrast, shop once every 10 days and outspend the adult-use customer by more than
three-to-one; spending $136 per transaction. Players Network (OTC: PNTV), GW Pharmaceuticals plc (NASDAQ: GWPH),
Cara Therapeutics Inc. (NASDAQ: CARA), Zynerba Pharmaceuticals Inc. (NASDAQ: ZYNE), Insys Therapeutics Inc. (NASDAQ: INSY)
Data shows that cannabis stocks significantly outperformed major indexes in 2016, which is a result of speculative investment
based on anticipated expansion of new legal markets. New Frontier reported that the Viridian Cannabis Stock Index gained 236.1%
while outperforming such mainstream indexes as the Russell 2000 (up 19.5%), the Dow Jones Industrial Average (up 13.4%), the
S&P 500 (up 9.5%), and the Nasdaq composite (up 7.5%). Examining the underlying sectors in the cannabis markets reveals
particularly strong growth throughout 2016, both in businesses that touch the plant and in ancillary businesses. Consulting
services have also seen strong growth as investors and businesses continually seek advice about how to navigate cannabis
regulatory environments, to establish business operations, to shape regulatory policy, and to influence political support.
Players Network (OTCQB: PNTV) earlier today announced that, "it is strengthening its corporate governance, naming
Nevada Assistant Controller Geoffrey Lawrence as the company's Chief Financial Officer and Chief
Compliance Officer, effective July 1, 2017.
As an economist, accountant, and financial analyst with more than a decade of experience in the public and private sectors,
Lawrence will contribute to PNTV his expertise in financial operations and strategy, compliance requirements, and application
processes. Leveraging his immense experience managing large organizations, such as the State of
Nevada, Lawrence will establish and manage the regulatory plan as PNTV expands its marijuana seed-to-sale operations in
additional states and grows its license portfolio.
In his role as the senior appointed position of Assistant State Controller for the State of
Nevada, Lawrence oversaw external financial reporting on behalf of the State of Nevada,
and led the development of major IT projects, including a statewide business intelligence reporting tool and Enterprise Resource
Planning system."
"Geoffrey is a senior-level operator who will help us fulfil our commitment to our shareholders and the investment community
insofar as our goals of increased transparency and stronger corporate governance," says PNTV CEO Mark
Bradley. "As PNTV continues to grow it assets, it is necessary that we assemble a strong first class management team, and
Geoffrey is a perfect fit, bringing to the table the necessary experience in financial administration and compliance necessary in
dealing with an all cash business such as a marijuana."
GW Pharmaceuticals plc (NASDAQ: GWPH) is a biopharmaceutical company focused on discovering, developing and
commercializing novel therapeutics from its proprietary cannabinoid product platform in a broad range of disease areas. Recently,
the company and its U.S. subsidiary Greenwich Biosciences announced that The New England Journal of Medicine has published
results from a Phase 3 study of Epidiolex®(cannabidiol) in children with Dravet syndrome. Epidiolex, GW's lead product candidate
and the potential first in a new category of anti-epileptic drugs, is a liquid formulation of purified, plant-derived cannabidiol
(CBD), a non-psychoactive cannabinoid, which is being studied for the treatment of a number of rare, severe pediatric-onset
epilepsy disorders. In the study, Epidiolex significantly reduced monthly convulsive seizure frequency compared to placebo in
highly treatment-resistant children when added to existing treatment.
Cara Therapeutics Inc. (NASDAQ: CARA) is developing lead molecules that selectively modulate peripheral CB receptors
without targeting CNS cannabinoid receptors. Peripheral CB receptor modulators will be initially developed as a novel therapeutic
approach for neuropathic pain, a condition currently without consistently effective therapies. Cara's most advanced CB compound,
CR701, is in preclinical development. Dr. Joseph Stauffer, CMO of Cara Therapeutics, said:
"Cannabinoid Receptor Agonists like CR701 have the potential to provide improved pain relief for patients suffering from
neuropathic pain."
Zynerba Pharmaceuticals Inc. (NASDAQ: ZYNE) is a clinical-stage specialty pharmaceutical company focused on developing
and commercializing proprietary next-generation synthetic cannabinoid therapeutics formulated for transdermal delivery. The
company recently announced that it has met its enrollment target of 16 patients in its Phase 2 FAB-C (Treatment of Fragile X
Syndrome Anxiety and Behavioral Challenges with CBD) clinical trial evaluating ZYN002 cannabidiol (CBD) gel in children 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, and was awarded orphan drug designation by the U.S. Food and Drug
Administration for the treatment for FXS.
Insys Therapeutics Inc. (NASDAQ: INSY) is a specialty pharmaceutical company that develops and commercializes
innovative drugs and novel drug delivery systems of therapeutic molecules that improve the quality of life of patients. Recently,
the company announced that the U.S. Food and Drug Administration ('FDA') has approved the final product label for Syndros™
(dronabinol) oral solution, CII, a liquid formulation of the pharmaceutical cannabinoid, dronabinol. Syndros is approved for use
in treating anorexia associated with weight loss in patients with Acquired Immune Deficiency Syndrome ('AIDS') and nausea and
vomiting associated with cancer chemotherapy in patients who have failed to respond adequately to conventional antiemetic
treatments.
Please SIGN UP NOW at http://www.FinancialBuzz.com To Receive Alerts
on Trending Financial News from all these companies. "The Latest Buzz in Financial News"
Subscribe Now! Watch us report from NYSE https://www.youtube.com/FinancialBuzzMedia
Follow us on Twitter for real time Financial News Updates: https://twitter.com/financialbuzz
Follow and talk to us on Instagram: https://www.instagram.com/financialbuzz
Facebook Like Us to receive live feeds: https://www.facebook.com/Financialbuzz/
About FinancialBuzz.com
FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News,
Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company
Interviews. A pioneer in the financially driven digital space, video production and integration of social media,
FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR dissemination,
branding, marketing and advertising for third parties for corporate news and original content through our unique media platform
that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial
Publications.
Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not
undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the "Site") is either original financial news or paid advertisements provided
[exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into
media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials
for advertising such companies. Financialbuzz.com has not been compensated directly by any of the companies mentioned here in
this editorial. We are not an independent news media provider and therefore do not represent or warrant that the information
posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality
and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com does not
offer any personal opinions or bias commentary as we purely incorporate public market information along with financial and
corporate news. FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our unique financial
newswire and media platform. For this release, FinancialBuzz.com expects to be compensated four thousand dollars for
financial news dissemination and pr services by a non-affiliate third party for players network. Our fees may be either a flat
cash sum or negotiated number of securities of the companies featured on this editorial or site, or a combination thereof. The
securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the
conclusion of the engagement. FinancialBuzz.com will always disclose any compensation in securities or cash payments for
financial news PR advertising. FinancialBuzz.com does not undertake to update any of the information on the editorial or Site or
continue to post information about any companies the information contained herein is not intended to be used as the basis for
investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is
not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for
any gains or losses that result from the opinions expressed on this editorial or Site, company profiles, quotations or in other
materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of
their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance,
and financial condition. FinancialBuzz.com. By accessing this editorial and website and any pages thereof, you agree to be bound
by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com
constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment
strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is
solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives,
other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and
legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless
of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be
reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use. Please
visit: http://www.financialbuzz.com
For further information:
Media Contact: info@financialbuzz.com
+1-877-601-1879
Url: http://www.FinancialBuzz.com
SOURCE FinancialBuzz.com