NEW YORK, December 14, 2017 /PRNewswire/ --
Medical benefits of cannabis, specifically patients suffering from chronic pain, diabetes, and cancer have driven the medical
cannabis market. The U.S medical cannabis market is estimated to be valued at $19.48 billion
by 2024. The growth of the cannabis market will rise as the number of States that legalize medical cannabis
increase. The solid edibles segment of the U.S. cannabis market generated $2.47 billion in
revenue in 2016 and is expected to continue to grow over the forecast period. California was the first state to legalize
medical cannabis use. California recorded the largest revenue in 2016 for medical cannabis use
and is estimated to record a CAGR of 13 percent over the forecast period. Global Payout, Inc. (OTC: GOHE), SinglePoint, Inc.
(OTC: SING), mCig, Inc. (OTC: MCIG), GB Sciences, Inc. (OTC: GBLX), American Cannabis Company, Inc. (OTC: AMMJ)
Medical cannabis may replace pharmaceuticals that are used to treat arthritis, chronic pain, cancer, and more. Giadha Aguirre
De Carcer, CEO & Founder, New Frontier Data said, "The United States constitutes 35% of the
global pharmaceutical market, the largest market in the world, and a major driver of the U.S. economy. It is one of many
industries that will be impacted by the growth of the legal cannabis market and we are already starting to see that trend in
legal medical states where use of key prescription drugs is down by 11%. If cannabis were to be adopted nationally, we would
begin to see a trend of patients turning to medical cannabis as a substitute or complement to pharmaceuticals."
Global Payout, Inc. (OTC: GOHE) announced breaking news yesterday, "that it has executed a Letter of Intent ("LOI")
with SinglePoint, Inc., ("SinglePoint) (OTC: SING) a full service mobile technology provider whom Global intends to begin
collaborating with to maximize its existing suite of financial technology solutions, including those utilized by its majority
owned subsidiary, MoneyTrac Technology, Inc.
As Global continues to expand its financial technology service offerings to businesses operating across a wide range of
industries, the Company continues to seek potential partnerships with other companies within the Fintech space whose technology
can boost and optimize Global's existing payment and financial technology platforms. Through this LOI, the Company intends to
explore the technology optimization opportunities that may exist through the establishment of a joint venture with
SinglePoint."
According to Global CEO, "SinglePoint's knowledge and expertise in mobile payments and other mobile technology offerings is
something we believe could be a significant addition to the financial payment platforms we have developed, and are still
developing, for our clients in the many different industries we serve. We are also eager to use this agreement as an opportunity
to examine how a partnership with SinglePoint can be leveraged to enhance the payment and financial solutions offered by
MoneyTrac Technology, our majority owned subsidiary is focused on offering in the rapidly expanding multibillion dollar cannabis
industry."
SinglePoint, Inc. (OTC: SING) has grown from a full-service mobile technology provider to a publicly traded holding
company. Recently, the company announced a joint venture relationship with Smart Cannabis Corporation in which SinglePoint will
license and market Smart Cannabis' SMART APP, an industry specific application that enables cultivators to control entire
operations from a mobile device. The SMART APP is leading the way in efficiently cultivating cannabis through the introduction of
IoT technology (Internet of Things) to greenhouses. This SMART APP IoT technology measures everything from nutrient levels in
soil to watering cycles, to parts per million of carbon dioxide in the air. SinglePoint and Smart Cannabis Corp. will also work
together to integrate SinglePoint's bitcoin payment solution. This gives cultivators the ability to collect payment for their
sales via the payment application, making for a safer and more secure transaction.
mCig, Inc. (OTCQB: MCIG) is a diversified company servicing the legal cannabis, hemp and CBD markets via its lifestyle
brands. Recently, the company announced that the company's CEO has agreed to invest more than $500,000 into OBITX, Inc., formerly known as GigeTech, Inc., a majority owned subsidiary of MCIG. The funds
will be used by the company to purchase the first of its kind, state of the art cryptocurrency ATMs. OBITX will utilize the
machines to also service cannabis companies by helping to build a bridge between the "cash" business of cannabis and mainstream
finance through cryptocurrency.
GB Sciences, Inc. (OTCQB: GBLX) is a diverse cannabis company, focused on standardized cultivation and production
methods; as well as biopharmaceutical research and development. Recently, the company announced its development of a cannabis
strain that has an extremely high THC concentration, and also has a specifically-defined terpene profile, meaning that this
potent strain may have significant medical benefits. The team was gratified to receive hard test results that verified their
goal. The plant produced a THC-a content of 35.119%, as well as β-myrcene levels of 2.18% and β-caryophyllene levels of 1.01%, as
tested by independent lab Digipath Labs, Inc. in Las Vegas.
American Cannabis Company, Inc. (OTCQB: AMMJ) is a business-to-business consulting firm that offers turnkey and
end-to-end solutions to existing and aspiring participants in the cannabis industry. On September 21,
2017, the company announced it has signed an exclusive distribution agreement with Earth Alive, a leading Canadian
clean-tech company that develops and manufactures state-of-the-art microbial technology-based products. This agreement allows for
the commercialization of Earth Alive's premiere cannabis microbial inoculant product, called Dr. Marijane. Dr. Marijane is a
certified organic root probiotic that promotes increased vegetative growth, improves the bioavailability of fertilizer programs,
and sustains healthy development and structuring of plant roots.
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 four
thousand dollars for financial news dissemination and PR services by cambridge consultants 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