Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Cannabis Legalization Gains Popularity

PSYC, CEAD, GBLX, MEDT

FinancialBuzz.com News Commentary

PR Newswire

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%.

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, recommendations 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 has been compensated three thousand seven hundred fifty dollars for financial news dissemination and pr services by a non-affiliate third party for global payout, inc. 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.

Media Contact:
info@financialbuzz.com
+1-877-601-1879

Url: http://www.FinancialBuzz.com

SOURCE FinancialBuzz.com



Get the latest news and updates from Stockhouse on social media

Follow STOCKHOUSE Today