NEW YORK, January 11, 2018 /PRNewswire/ --
According to a research report published by Ameri Research, the global legal cannabis market size is projected to be
worth USD 63.5 billion by 2024. The factors driving the market growth include the trend of
legalization, increasing use of cannabis products for medical purposes, high tax revenues, and rising investment in R&D. In
the United States there are 28 states which have approved the use of cannabis for medical
purposes, and more number of states are expected to follow suit over the next few years. Growing user base for recreational
cannabis in states such as Colorado, California, Alaska, Massachusetts, Washington DC and
other states is a key factor boosting the tax revenues. The report indicates that Colorado
reported revenues exceeding 1.1 billion from the sale of cannabis products. Global Payout, Inc. (OTC: GOHE), OWC
Pharmaceutical Research Corp. (OTC: OWCP), mCig, Inc. (OTC: MCIG), Kaya Holdings, Inc. (OTC: KAYS), AppSwarm, Inc. (OTC:
SWRM)
California's new recreational cannabis laws went into effect this month. New Frontier
Data CEO, Giadha Aguirre de Carcer explained, "Significant changes are already underway in California for medical
cannabis and adult use laws, which we see will have major implications for the cannabis industry, including ecommerce and
delivery services in the state… As the largest state in the country - and the largest potential market for cannabis products -
the implications for the growth of the industry because of California's adult use market cannot be overstated."
Global Payout, Inc. (OTC: GOHE) announced yesterday that, "its majority owned subsidiary, MoneyTrac Technology,
Inc. ("MTRAC" "MoneyTrac", the "Company") has executed a Sales and Marketing Management Agreement with High Grade Management
Group, Inc. ("HGMG") to guide the development and implementation of a sales and marketing campaign to support the successful
launch of HGMG's Apple Vapes products.
Aiming to revolutionize and capture a significant share of the multi-million-dollar vape market space, HGMG has introduced
Apple Vapes. This new line of products delivers innovative and high-quality vape pens, chargers, and oils to consumers and
retailers in one of the fastest growing market spaces.
In addition to providing MTRAC with a direct source of revenue through the retainer they will receive for sales and marketing
services, the agreement also serves as reinforcement of MTRAC's expanding business development service arm which is directed
towards the growing number of businesses in the underserved cannabis industry."
Said MTRAC CEO, Vanessa Luna: "This Agreement is an excellent opportunity for MoneyTrac to play
a strategic role in developing effective brand awareness for HGMG's Apple Vapes product line. The support and expertise that I
anticipate our business development team will be able to lend to HGMG will undoubtedly provide them with the invaluable tools and
resources necessary to take full advantage of a rapidly expanding marketplace."
Said HGMG CEO, Mark Glover: "As we look to capitalize on the multi-million-dollar vape
industry, securing a partnership like this with MoneyTrac is absolutely vital in making sure we make a significant splash in this
competitive market space as well as ensure that Apple Vapes is positioned to become a consistent revenue powerhouse by delivering
the most innovative and top quality vape products to consumers and retailers in the industry."
OWC Pharmaceutical Research Corp. (OTCQB: OWCP), through its wholly-owned Israeli subsidiary, One Word Cannabis Ltd.,
conducts medical research and clinical trials to develop cannabis-based pharmaceuticals and treatments for conditions including
multiple myeloma, psoriasis, fibromyalgia, PTSD, and migraines. OWC is also developing unique delivery systems for the effective
delivery and dosage of medical cannabis. On December 21, 2017, the company received a new permit
from the Israel Medical Cannabis Agency [MCA] to proceed with the safety study of their oral disintegrating tablet. The study is
scheduled to start in Q2 2018. In October of 2016 OWC announced that it had completed the development of a proprietary
cannabinoid-enriched sublingual tablet for the administration of medical cannabis. The Tablet constitutes a smoke-free
alternative for patients using medical cannabis.
mCig, Inc. (OTCQB: MCIG) is a diversified company servicing the legal cannabis, hemp and CBD markets via its lifestyle
brands. mCig, Inc. is committed to being the leading distributor of technology, products, and services to fit the needs of a
rapidly expanding industry. Recently, the company announced that its Grow Contractors (GC) division has secured an exclusive
construction and management contract with a client in the state of Florida. Florida's evolving medical marijuana program has seen impressive growth with now more than 26,000 patients
in Florida. Financial experts predict that the Florida medical marijuana market is on pace
to break $1 billion, rivaling Colorado by 2020. The client is a
long-time agricultural expert with over 22 years of greenhouse hydroponic vegetable production experience, which is one of the
required state licensing criteria. Grow Contractors has been contracted to complete operational planning activities, provide
engineering and design work for the production and extraction facility, assist with city construction permitting, and help with
the competitive state application.
Kaya Holdings, Inc. (OTCQB: KAYS), through subsidiaries, produces, distributes and sells legal premium medical and
recreational cannabis products, including flower, concentrates and oils, and cannabis-infused foods. On December 11, 2017, the company announced that it has completed the processes necessary to launch its own home
delivery service in Portland and Salem Oregon. The Company
expects to operate 4 cars initially, with additional cars to be added as demand requires and as the company expands into other
cities in Oregon. Additionally, KAYS confirmed that it continues to discuss implementation
options with its attorneys for its Kaya Cares Opioid-Cannabis Exchange Program and expects to be launching the program in
January. "We have spoken with our attorneys and have worked with them to structure a program that will allow individuals
currently using opioids for pain management to explore the efficacy of cannabis for their needs at no cost to them," states CEO
Frank.
AppSwarm, Inc. (OTC: SWRM) is a technology company specializing in the accelerated development and publishing of mobile
apps. On November 29, 2017, the company announced that it has completed development plans with
SinglePoint to conduct a shared roll-out of mobile applications specifically geared to solve issues in the cannabis space using
the Blockchain technology and Bitcoin payment options. The Crypto and cannabis market is in need for technology solutions that
can advance productivity and do it safely. AppSwarm and SinglePoint intend to develop mobile applications that address these
needs by creating a system that allows a business to see what is going on in the market around them.
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