The increasing demand for both medical and recreational cannabis is expected to drive the global legal cannabis market.
| NEW YORK, PRNewswire/ -- The increasing demand for both medical and recreational cannabis is expected to drive the global legal cannabis market. According to a report released by Grand View Research, the global legal cannabis market was valued at USD 9.3 Billion in 2016 and is projected to grow at a compound annual growth rate (CAGR) of 34.6% to reach USD 146.4 Billion by 2025. Increasing investment for research helps the development of safer forms of ingesting cannabis such as tinctures, oils, vapes and other edibles. North America is the largest market for legal cannabis. The U.S. legal cannabis market is estimated to grow at a CAGR of 24.5% during the forecast years. Koios Beverage Corp. (OTC: KBEVF), India Globalization Capital, Inc. (NYSE: IGC), Terra Tech Corp. (OTC: TRTC), New Age Beverages Corporation (NASDAQ: NBEV), Namaste Technologies Inc. (OTC: NXTTF) The cannabis-infused beverages market is expected to grow rapidly after mainstream beverage companies showed interests in the cannabis-infused drinks. According to Business Insider, analysts at Canaccord Genuity expect that the U.S. cannabis-infused beverages market could reach USD 600 Million in the next four years. Canaccord’s Bobby Burleson and Jonathan DeCourcey wrote in a note: “While these trends represent a significant opportunity for US cannabis companies, they have not gone unnoticed by large mainstream beverage players looking to inject growth into their product portfolio.” Koios Beverage Corp. (OTC: KBEVF) is also listed on the Canadian Securities Exchange under the ticker (CSE: KBEV). Just earlier today, the company announced breaking news that it, “is pleased to announce a distribution deal with Northern Colorado’s FC Food Co-Op, Mountain Avenue Market, exposing the Company’s products to thousands of new customers each week. “It’s a great fit,” says Chris Miller, CEO and founder of Koios. “This is truly a Colorado company and a community grocer, with more than 2,000 local items for sale in the store,” said Miller. “Founded in Fort Collins by the community for the community, the Food Co-Op shares our values and is dedicated to things like sustainability, organic products, recycling, and most of all, to its members.” The Co-Op is a vital part of the natural food scene in Fort Collins, situated in the Rocky Mountain foothills about 97 km north of Denver. It was started in the early ’70’s by a group of university students who wanted to bring healthy, affordable food to Northern Colorado. Koios’s unique blend of nootropics and natural organic compounds help enhance brain function such as focus, memory retention, mental capacity and concentration, without using harmful chemicals or artificial stimulants. Its formula includes superfoods such as lion’s mane mushroom, which contains bioactive substances with beneficial effects on the body, brain, heart and gut. Koios’s line of beverages are now available for sale at the Co-Op. About Koios Beverage Corp. - The company is an emerging functional beverage company which has an available distribution network of more than 2,000 retail locations across the United States in which to sell its products. Koios has relationships with some of the largest and most reputable distributors in the United States, including Europa Sports, Muscle Foods USA, KeHE and Wishing-U-Well. Koios is also the sole owner of Cannavated Beverage Corp., a subsidiary that develops beverage products and formulas for the expanding cannabis market. Through its agreement with Keef Brands, the largest producer of cannabis beverages in North America, Cannavated enjoys distribution throughout the state of Colorado and is preparing for distribution in additional U.S. states where cannabis use is legal. Koios is one of the only drinks in the world to infuse its products with MCT oil. MCT oil is derived from coconuts and has been shown to help the body burn fat more effectively, create lasting energy from a natural food source, produce ketones in the brain, allowing for greater brain function and clarity, support healthy hormone production and improve immunity. For more information, please visit our website: https://www.mentaltitan.com/" India Globalization Capital, Inc. (NYSE: IGC) has two lines of business, a legacy infrastructure business and a medical cannabis business that has developed its flagship product for Alzheimer’s patients. Recently, the Company announced that it has filed a provisional method and composition patent application (IGC-509) with the U.S. Patent and Trademark Office (USPTO) for the treatment of fatigue and energy restoration. The filing is for a provisional patent and no assurance can be given as to whether or when a registered patent may be granted by the USPTO in the future. This patent filing made on October 4th, 2018, is one of a series of steps in the Company’s development and commercialization plan to support the creation of a branded, hemp/CBD sugar-free energy drink, which was previously disclosed by the Company on September 25th, 2018. The patent filing allows the Company to openly discuss the CBD energy drink formulation with processors in the United States, Canada, and other countries where medical cannabis, or hemp and hemp-derived products are legal. Terra Tech Corp. (OTCQX: TRTC) operates through multiple subsidiary businesses including: Blüm, IVXX Inc., Edible Garden, and MediFarm LLC. Earlier this year, the Company announced that it has partnered with the Valiente Group, a beverage production company that specializes in cannabis infusion, to produce a line of cannabis-infused beverages under the IVXX brand. The Company, through the partnership, is currently developing a range of non-alcoholic, cannabis-infused beverages, including ‘champagne’, ‘apple cider’, lemonade ‘margarita’ mix, zero calorie lemon lime soda and cherry lime sparkling water. The infusion technology will be powered by SORSE branded technology, a product of Tarukino Holdings, a patent pending Emulsion process which leaves beverages without oily residues and without cannabis flavor. The Company is simultaneously developing flavorless, odorless 5 milligram and 10 milligram shots that can be added to any beverage or craft cocktail for at-home infusion. New Age Beverages Corporation (NASDAQ: NBEV) is a Colorado-based organic, natural and healthy functional beverage company. Recently, the Company announced the debut of its portfolio of CBD-Infused beverages from its Health Sciences Division. New Age Health Sciences, a wholly-owned subsidiary of New Age Beverages Corporation that houses all of New Age’s patents, cooperative research studies, and human trial information, debuted its portfolio of CBD-infused beverages in offsite meetings during the North American Convenience Store Show (NACS) held in Las Vegas on October 7th-10th, and held one-on-one meetings with major retailers and distribution partners on October 8th-10th. New Age debuted its portfolio of CBD-infused relaxation tea’s, CBD-infused sparkling waters, and CBD-infused shots, each with 25mg of full-spectrum CBD. Namaste Technologies Inc. (OTCQB: NXTTF) operates the largest global cannabis e-commerce platform with over 30 websites in 20+ countries under various brands. Namaste’s product offering through its subsidiaries includes vaporizers, glassware, accessories, CBD products, and the company will soon be selling medical cannabis through its wholly owned subsidiary CannMart in the Canadian market. Last month, the Company announced its wholly-owned subsidiary, Cannmart Inc., had received its Access to Cannabis for Medical Purposes Regulations (“ACMPR”) medical cannabis “sales-only” license with no cultivation, which is the first of its kind to be issued by Health Canada. The Sales License represents the most significant milestone in the history of the Company and is the final component of its strategy for Cannmart to become Canada’s leading online platform for medical cannabis. Cannmart will operate as an online marketplace for medical cannabis sourced from multiple Licensed Producers, which will offer patients a curated selection of medical cannabis strains in one location. Cannmart has secured over 13 domestic and international supply agreements and will also focus on developing arrangements with micro-cultivators who will provide high-end craft strains, subject to the upcoming regulations of the Cannabis Act. Subscribe Now! Watch us report LIVE 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. 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Company Codes: OTC-BB:KBEVF, AMEX:IGC, OTC-BB:TRTC, NASDAQ-SMALL:NBEV, OTC-BB:NXTTF |
