WeedMD (TSX-V:WMD) Secures Health Canada License to Produce Cannabis Oils

WeedMD Inc. (TSX-V:WMD) , a federally licensed producer of medical cannabis, is pleased to announce that on June 16, 2017, the Company received a supplemental license from Health Canada for the production of medical cannabis oils. The Company has imported a purpose-built high-throughput ethanol extraction machine from Germany, with the goal of starting R&D and production of cannabis oils immediately.

Canopy Growth Provides Global Operational Update

Canopy Growth Corporation ( TSX: WEED )), is pleased to provide the following significant summary of updates to inform shareholders and stakeholders of activities and developments across the global organization.

Pot stocks: Is now the time to invest in medical marijuana?

An air of optimism is brewing around Canada's cannabis sector. In Alberta, a cannabis company is breaking ground this week on an 800 square-foot, state-of-the-art medical marijuana greenhouse near Edmonton. Then, another startup out of Okotoks will launch an online marketplace, called DooberExpress.com on Saturday. But is now the right time to buy into the hype and invest in this growing industry?

The Global Legal Cannabis Industry is Expected to Gain Momentum

According to a research published by Ameri Research Inc., the global legal cannabis market was valued at $14.3 billion in 2016. The market is forecast to grow at a CAGR of 21.1% between 2017 and 2024, while culminating in 2024 global sales of $63.5 billion . The legal cannabis market is witnessing robust growth owing to the increasing legalization and decriminalization of marijuana across North America and Europe .

India Globalization Capital, Inc. (NYSE: Igc) Becomes Exclusive Licensee of Cannabis-Based Treatment for Alzheimer’s Disease

India Globalization Capital, Inc. (NYSE MKT: IGC), a developer of cannabis-based therapies to treat a variety of life-altering conditions, this morning announced its entry into a definitive license agreement with the University of South Florida that makes the company the exclusive licensee of the U.S. patent filing entitled ‘THC as a Potential Therapeutic Agent for Alzheimer’s Disease’.

Growing Market Share for CBD-based Products Projected to Exceed $2 Billion

PALM BEACH, Florida The Hemp Business Journal estimated that the CBD market will grow to a $2.1 billion dollar market in consumer sales by 2020 with $450 million dollars of those sales coming from hemp-based sources. That's a 700% increase from 2016. CBD or Cannabidiol, is a primary component of the marijuana plant but can be derived from the Hemp plant as well.