NEW YORK, March 20, 2018 /PRNewswire/ --
According to Hexa Research, the U.S. medical cannabis market size was valued at USD $5.44
Billion in 2016 and is projected to hit USD $19.48 billion by 2024. The industry is expected
to witness rapid growth during the forecast period due to wider awareness of the numerous medical benefits of cannabis products
and the accelerating pace of legalization of such products in the United States. The report also
indicated that the increasing demand for medical cannabis is due to the increasing ageing population. In 2016, rising number of
patients diagnosed with chronic pain has resulted in increasing use of cannabis products. Cannabis infused edibles is also
expected to grow at a CAGR of 17.8% over the forecast period. Global Payout, Inc. (OTC: GOHE), PotNetwork Holding Inc. (OTC:
POTN), Lexaria Bioscience Corp. (OTC: LXRP), Isodiol International Inc. (OTC: ISOLF), SinglePoint, Inc. (OTC: SING)
The recent tax bill passed by the senate and signed by the president is expected to have a positive affect on the industry.
New Frontier Data CEO Giadha Aguirre De Carcer, "Under the new business tax rate of 21 percent, the Trump tax cuts will come as
welcome relief to cannabis business owners who already face tax hurdles because of 280E. Lower tax rates may provide cannabis
business owners greater capacity to grow and create more jobs. New Frontier Data projects increased domestic and international
expansion of new legal cannabis markets and $106 billion in tax revenue over an eight-year period
in the U.S."
Global Payout, Inc. (OTC: GOHE) last week announced breaking news that, "its subsidiary MoneyTrac Technology,
Inc. ("MTRAC", the "Company") has begun the soft launch of MTRAC, a full-service banking solution powered by software technology
features that the Company has acquired through its Joint Venture with GreenBox ("GBOX").
MTRAC is an innovative E-Wallet cash loading machine/kiosk that is supported by blockchain technology and will be leveraged by
MTRAC to bring to market an intuitive system that will offer cannabis consumers and retailers an effective alternative to cash
payment transactions.
This last year alone has brought incredible opportunity for those in the cannabis industry, but the market still lacks
reasonable access to traditional banking platforms which tends to create a myriad of challenges for both consumers and retailers.
With MTRAC the Company believes it can tackle a significant portion of this challenge by offering dispensaries a cash loading
kiosk that combines the benefits of both E-Wallet and blockchain technology and presents a safe and viable alternative to
cash."
"The integration of the incredible technology GreenBox has developed into our platform of solutions that we are aiming to make
available to businesses in cannabis really represents our continued commitment of Banking the Unbankable," said MTRAC CEO,
Vanessa Luna. "MTRAC is the culmination of months of work and collaboration between GreenBox and
MoneyTrac, and we are excited to begin the process of bringing this solution to a market that needs it more than any other right
now."
PotNetwork Holding Inc. (OTC: POTN) is a publicly traded company that acts as a holding company for its subsidiaries,
First Capital Venture Co., the owner of Diamond CBD, Inc., the maker of Diamond CBD oils. Recently, the company announced that
it's wholly owned subsidiary, Diamond CBD Inc.com, achieved over $500,000 in website- generated
orders, surpassing all previous online sales records. When comparing results to that of last year, recent sales results show
growth in the range of over 300%. Over the course of the last year, the Company's subsidiary, Diamond CBD, has brought to market
over 15CBD brands that have demonstrated high consumer brand recognition and acceptance. These brands are marketed at thousands
of retail stores around the country and include CBD oils, edible gummies, vape pens, vape additives pet products, and more.
Diamond CBD focuses on the research, development, and multi-national marketing of premium hemp extracts that contain a broad
range of cannabinoids and natural hemp derivatives.
Lexaria Bioscience Corp. (OTCQX: LXRP) has developed and out-licenses its disruptive delivery technology that promotes
healthier ingestion methods, lower overall dosing and higher effectiveness of lipophilic active molecules. On March 13, 2018, the company announced it has completed the world's first study evaluating DehydraTECHTM used in
a topical cream formulation for absorption of cannabidiol through human skin. Results proved significant increases in both speed
and quantity of CBD absorption through skin when compared to control formulations. The absorption study was performed on human
skin at a California-based laboratory that specializes in Franz diffusion cell skin permeability
testing. Lexaria's DehydraTECHTM technology was used together with a sophisticated oil-in-water emulsion formulation design and
compared to a series of matching oil-in-water emulsion formulations prepared with the same CBD inputs, with and without the
DehydraTECHTM technology and with and without two leading skin penetration enhancers currently used in the skin products
industry.
Isodiol International Inc. (OTCQB: ISOLF) is the market leader in pharmaceutical grade phytochemical compounds and the
industry leader in the manufacturing and development of CBD consumer products. Isodiol is the pioneer of many firsts for the
cannabis industry including commercialization of 99%+ pure, bioactive pharmaceutical grade cannabinoids, micro-encapsulations,
and nanotechnology for the highest quality consumable and topical skin care products. Recently, the company announced it has
signed a partnership agreement with Kawacatoose First Nation (KFN), a leader and forward-thinking Band with operations and land
in Saskatchewan, Canada. Isodiol will partner with the KFN in cultivating and manufacturing high
yielding CBD derived from industrial hemp as well as exploring additional economic opportunities with the KFN in commercializing
the hemp by-product into everyday finished goods.
SinglePoint, Inc. (OTCQB: SING) has grown from a full-service mobile technology provider to a publicly traded holding
company. On March 9, 2018, the company announced its engagement with Circonomy Solutions to create
the cannabis industry's first waste diversion program, with an emphasis on moving toward zero-waste. With broad experience in the
waste and sustainability industries, Circonomy is the premier company to deliver creative technologies and solutions to make this
"green" industry even greener. Circonomy Solutions and SinglePoint are currently working to research, identify and address the
complexities, costs and potential savings associated with cannabis industry waste. Through a combination of recycling and reusing
this waste to create new products and the integration of blockchain technology, former waste that has been turned into new
product can then be tracked through its full life cycle. This will provide a transparent ledger and give insight to state
authorities and other entities who require cannabis industry waste to be disposed of properly. SinglePoint believes cannabis
waste diversion is a multibillion-dollar industry that has yet to be tapped by other players in the waste industry.
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