NEW YORK, September 14, 2017 /PRNewswire/ --
According to a forecast report by Arcview Market Research, growth in the legal cannabis market will reaccelerate in the
beginning of 2018, as adult use (recreational use) sales are expected to ramp up in Canada,
California, and Massachusetts along with medical sales in
Florida. The market is expected to grow from the $6.7 billion
market value of 2016 and at a robust 27% CAGR to $22.6 billion in 2021. That 20+% annual growth
rate is likely to continue for many years past 2021 as more states and countries legalize cannabis. Arcview Market Research
includes 30 states plus Canada with active legal markets by 2021. Global Payout, Inc. (OTC:
GOHE), Surna, Inc. (OTC: SRNA), Kush Bottles, Inc. (OTC: KSHB), GB Sciences, Inc. (OTC: GBLX), Cannabis Science, Inc.
(OTC: CBIS).
The report indicates that Americans are mostly approve of legalization legislations. "Polls show that 80% of Americans approve
of legal access to medical cannabis and 60% approve of full adultuse legalization. That level of agreement is rare on any policy
issue and it's allowing elected officials across the political spectrum to start to move past the stigma previously associated with
this issue. One key reason support for legalization is spreading so rapidly is that it is accomplishing a key goal: the illicit
market is shrinking. Illicit sales are now being rolled back at the fastest rates in those states with the most mature legal
adultuse markets," Arcview Market Research states.
Global Payout, Inc. (OTC: GOHE) announced breaking news yesterday that, its majority owned subsidiary, MoneyTrac
Technology, Inc. ('MTRAC', the 'Company'), has executed a Letter of Intent ('LOI') with BlazeNow, Inc., a majority owned
subsidiary of MediaTechnics Corporation (OTC PINK: MEDT). As an advertising and data collection platform, BlazeNow connects
cannabis-related businesses with patients and customers, and was called the 'Yelp' of the cannabis industry by NY Daily News.
The LOI enables MTRAC and BlazeNow to enter into advanced discussions relating to a potential joint venture to execute each of
their respective business development objectives and go-to-market strategies in the multi-billion dollar cannabis industry.
Additionally, the companies will diligently explore the potential of leveraging the various financial technology resources
available within MTRAC's Virtu Network Solutions Platform to enhance the existing BlazeNow mobile app and web platform.
"We are excited to lay the groundwork for what we believe will be a very productive business partnership with BlazeNow. The
goals are to leverage this partnership in pursuing joint revenue products and services," says MTRAC COO Vanessa Luna. "Through this LOI, we hope to establish a joint-venture partnership with BlazeNow so that we can
pool each of the industry-specific resources we have available to help significantly grow both brands."
"The wealth of knowledge from both a business and technology perspective that Ms. Luna and the MoneyTrac team has is truly
impressive," said BlazeNow CEO, Jeremy Carr. "Both of our companies are in-tune with the multiple
opportunities materializing within the cannabis industry, and we understand that a critical part of being able to seize as many
of them as possible entails the establishment of strategic partnerships such as the one we are eager to develop with MoneyTrac.
We have spent a good amount of time fine-tuning our software and application, and look forward toward self-producing revenue and
marketing our flagship products."
Surna, Inc. (OTCQB: SRNA) is a Boulder, Colorado-based manufacturer of a proprietary
line of optimized lighting, environmental control and air sanitation systems for state-regulated cannabis cultivation facilities
as well as traditional indoor agricultural facilities. Recently, the company announced the launch of a new website and brand
strategy to reflect Surna's rising position as a go to solutions provider and the increasing impact its technology is having on
the cultivation industry. Surna's new user-friendly website makes it especially easy for engineers and contractors responsible
for building indoor grows to quickly find relevant information on products, services and implementation strategies for optimizing
heating, cooling and water strategies.
Kush Bottles, Inc. (OTCQB: KSHB) is a dynamic sales platform that provides unique products and services for both
businesses and consumers in the cannabis industry. The company recently announced it has launched an FDA compliant Kush
Canister™ to safely and securely store cannabis products for resale purposes. The canister can fit just over one ounce of
cannabis flower and has a certified child resistant push-top to comply with regulations in the states that require child
resistant packaging. The proprietary product is manufactured in the U.S.A. and is designed
specifically for markets that require child resistant packaging. The material used to manufacture this container is food
grade and BPA free.
GB Sciences, Inc. (OTCQB: GBLX) is a diverse cannabis company, focused on standardized cultivation and production
methods; as well as biopharmaceutical research and development. On August 2, 2017, the company
announced an agreement with the Los Coyotes Band of Cahuilla and Cupeno Indians for the purposes of establishing cannabis
operations on the tribe's lands located near Warner Springs, California. This is the first time
a publicly traded US cannabis cultivation company and a federally recognized Native American tribe have announced a commercial
cannabis venture in California. GB Sciences will construct facilities on designated areas of
tribal land for the business of cultivation, manufacturing and other commercial cannabis activities.
Cannabis Science, Inc. (OTC: CBIS) is a U.S. company specializing in the development of cannabinoid-based
medicines. Recently, the company and Free Spirit Organics Native American Corporation announced significantly positive analytical
lab testing reports from its San Joaquin Sovereign Tribal Free Land MBS, Industrial Hemp Project. Initial analytical reports from
the first cut plants reveals that the strains being used are well within the boundaries of laws and regulations placed on
industrial hemp research projects of this sort. The lab results from the 2017 CBIS/FSO NAC MBS001 initial harvest show values of
THC 0.26% and CBD at 5%.
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