Research Estimates Legal Cannabis Market Will Grow in Value

NEW YORK, October 11, 2017 /PRNewswire/ --

According to a research report conducted by Grand View Research, Inc., the global medical cannabis market is projected to reach a value of USD 55.8 billion by 2025. After the elections in 2016, Washington D.C., along with 28 states, have legalized cannabis for medical use. The growing number of states and countries, where the use of cannabis products for therapeutic applications is accepted by law is a crucial factor that is expected to contribute to the growing demand over the next few years. Grand View Research indicates that several regulatory frameworks such as the Medical Marijuana Regulation and Safety Act, will require individuals or companies to obtain permission and also an annual state license from 2018. Companies such as growers, retail operators, and makers of processed pot products will be focused on, and an increasing number of issued licenses are also among factors helping to drive the market. Global Payout, Inc. (OTC: GOHE), mCig Inc. (OTC: MCIG), Rocky Mountain High Brands (OTC: RMHB), MassRoots, Inc. (OTC: MSRT), CV Sciences, Inc. (OTC: CVSI)

"I think the general statement is that our patient population has been waiting for safe access to medicine for about 17 years. There were countless requests to know where dispensaries were going to be located, when they would open, who was going to be the first to open and what products were they going to be carrying," explained Chris Garth, Executive Director of the Hawaii Dispensary Alliance, according to reported Marijuana Business Daily.

Global Payout, Inc. (OTC: GOHE) announced yesterday that its majority owned subsidiary, MoneyTrac Technology, Inc. ("MTRAC", the "Company") is currently in the final stages of facilitating an exclusive Joint Venture Partnership agreement ("JV") with an established financial institution to bring effective banking solutions to businesses operating within the expanding, yet underserved, cannabis industry.

While terms and other pertinent details associated with the JV will be released upon the anticipated execution of it, MTRAC and its parent company, Global Payout, Inc., believe that it may translate into significant revenue earning opportunities for MTRAC as they will become one of a very select group of companies equipped with the necessary resources to deliver banking solutions within the multi-million-dollar cannabis industry."

"The potential surrounding the anticipated completion of this Joint Venture is absolutely huge for our MoneyTrac Technology brand," said MTRAC CEO, James Hancock. "MoneyTrac was launched almost exclusively to address the many different challenges that businesses in the cannabis industry face with trying to operate their legitimate business, and one of those challenges remains the lack of access many of them have to banking solutions. This JV would allow us to provide a much-needed solution to these businesses and put our company in a position to potentially secure a number of revenue generating service agreements that could most certainly create significant short and long-term revenue streams for us in addition to increasing the value of our service offerings for our clients within this industry," Mr. Hancock commented further.

mCig Inc. (OTCQB: MCIG) is a diversified company servicing the legal cannabis, hemp and CBD markets and leading distributor of innovative products, technologies, and services for the global recreational and medical cannabis industry. Recently, the company announced the launch of its new cannabis focused online ad network eHESIVE. Through eHESIVE, mCig offers online publishers and advertisers a full service, user friendly platform for helping to generate revenue by reaching targeted cannabis consumers. Developed under the oversight of Andrus Nomm, the technical brainchild behind the enormously successful and wildly infamous MegaUpload network, eHESIVE offers customers a streamlined user experience while providing in-depth analytics and highly tailored targeting options that give advertisers the power to fully optimize their digital marketing and giving publishers complete control over their sites' content.

Rocky Mountain High Brands (OTCQB: RMHB) is a consumer goods company specializing in brand development of health conscious, hemp-infused food and beverage products. The Company currently markets a lineup of four naturally flavored hemp-infused beverages (Citrus Energy, Black Tea, Mango Energy and Lemonade) and a low-calorie Coconut Lime Energy drink. Rocky Mountain High Brands also offers hemp-infused 2oz. Mango Energy Shots and Mixed Berry Energy Shots. The Company recently launched a naturally high alkaline spring water, Eagle Spirit Spring Water. On September 21, 2017, the company announced that its Board of Directors approved an increase in the authorized common stock to 4,000,000,000 shares.

MassRoots, Inc. (OTCQB: MSRT) is one of the leading technology platforms for the regulated cannabis industry. Powered by more than one million registered users, the Company's mobile apps empower consumers to make educated cannabis purchasing decisions through community-driven reviews. On September 15, the company reported it is planning to expand its point-of-sale system, MassRoots Retail (formerly known as Odava), to the Nevada cannabis market. MassRoots Retail's main regulatory integration is with the METRC system and is able to provide its point-of-sale system in states utilizing METRC with minimal infrastructure modifications. 

CV Sciences, Inc. (OTCQB: CVSI) operates two distinct business segments: a drug development division focused on developing and commercializing novel therapeutics utilizing synthetic CBD; and a consumer product division in manufacturing, marketing and selling plant-based CBD products to a range of market sectors. Recently, the company announced that its industry-dominating brand of hemp-derived cannabidiol (CBD) oil finished products, PlusCBD Oil™, will be exhibiting at the Academy of Integrative Health & Medicine (AIHM) Annual 2017 Conference, held on October 22-25, 2017 at Paradise Point Resort & Spa in San Diego, California.  This will be the Company's third time exhibiting at this forward-thinking healthcare Conference and Expo.

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