“We look forward to providing additional updates in the coming weeks,” added Mr. Deuters. The Hemp Business Journal estimates the total U.S. CBD market will grow to $2.1 billion in consumer sales by 2020. In other cannabis – Medical marijuana legal marijuana market performances and developments of note include: Canopy Growth Corporation(OTC: TWMJF) (TSX:WEED.TO) closed up on Mondayat $9.92 OTC and 13.00 on the CSE trading over 800,000 shares and 6.6 Million shares respectively by the market close. Canopy Health Innovations (CHI), the recently formed research incubator partly owned by Canopy Growth Corporation (WEED.TO), has entered into a 3-year consulting agreement with EPIC Consulting Inc., the Quebec-based consulting firm of Dr. Mark Ware. Canopy Health Innovations was established to research and develop clinically ready cannabis drug formulations and delivery systems for both human and/or animal patients targeting unmet medical needs in traditional pharmaceutical markets that could be disrupted by cannabis-based options. Under a framework agreement with CHI, Canopy Growth retains the right of first refusal to commercialize all resulting intellectual property developed by CHI globally.
To read more visit http://www.wsfa.com/story/34499183/breakthroughs-in-cannabinoid-cbd-therapies-and-oral-products-prompting-optimism-in-medicinal-marijuana-growth