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Legalization of Cannabis Approaches Ballots in Nine States


News provided by

FinancialBuzz.com

28 Oct, 2016, 13:18 GMT

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NEW YORK, October 28, 2016 /PRNewswire/ --

Americans are more open minded about legalizations of Cannabis than ever before. A recent Gallup poll shows that about 60% of Americans support legal cannabis use. The surprising parts about this poll is the rising support for cannabis reform across all age groups. Take this into perspective and now you have nine states voting this November 8 on legalization of medical use, recreational use, or both depending on the state. Finore Mining Inc. (CSE: FIN.CN), Aurora Cannabis Inc. (ACB.V), Aphria Inc. (APH.V), Supreme Pharmaceuticals Inc. (CSE: SL.CN), Maple Leaf Green World Inc. (MGW.V)

The states where recreational cannabis will be on the ballot are California, Arizona, Nevada, Maine and Massachusetts, while North Dakota, Arkansas, Montana and Florida are considering medical marijuana legalization. California in particular is an interest to investors. According to Arcview Group, a company that links investors with cannabis companies, has shown the market for both recreational and medicinal marijuana is expected to reach a value of $22 billion by 2020 from the $7 billion it is today, if California says yes.  

United States is not the only country in North America where cannabis reform is expected to influence the market in 2017. Canada is on its way to legalizing cannabis as well. The current liberal government announced earlier this year that a new legislation will be introduced in spring 2017. Justice Minister Jody Wilson-Raybould revealed the creation of a task force this June stated, "Our intent is to come up with legislation that will regulate non-medical access to marijuana, keeping it out of the hands of children and the hands of criminals."

California already has the most comprehensive medical marijuana law in the country, which includes edibles, and therefore it is not surprising some of the most creative cannabis infused edibles were originated in the western state. Finore Mining Inc. (FIN.CN) just announced late yesterday an agreement for the acquisition of KushTown USA LLC, a leading California Marijuana Beverage Company. Kushtown USA for example is specializing in medicated water, soda, hot sauce and barbecue sauce products infused with cannabis. The company offers 20 different varieties of medicated sodas on its website. The sodas and drinks come in varieties of carbonated and non-carbonated beverages, with flavors like Cherry Cola, lemonade, fruit punch, and lemon lime, all infused with a medical marijuana THC oil tincture. For more information about the California based company, please visit and check out http://www.kushtownusa.com

The creator of Kushtown USA, Peter Moret, has an interesting story behind the company. In early 1999, Moret's mother became ill from breast cancer. In addition to the chemotherapy treatments, Moret research additional possible treatments for dealing with the aches and pains from the cancer. After researching cannabis's medical effects, he created a Medical Marijuana tincture, called it Kushtown tincture, and gave his mother a single serving of the tincture in tea, which she then started drinking regularly. The cannabis infused teas not only helped in dealing with the aches and pains from cancer, but also increased her appetite and activity. The company's goal today is to create and innovate delicious, effective, and cutting edge products that establish the company as a leader amongst edible companies.  

Aurora Cannabis Inc. (TSX-V: ACB) is a company operating as licensed producer of medical marihuana pursuant to the Marihuana for Medical Purposes Regulations. It operates an approximately 55 thousand square foot expandable production facility in Alberta, Canada. Earlier this September the company announced that it has surpassed 7,700 active registered patients, just under eight months after the Company's first sale of product. Gross revenue for the month of August, 2016 was $1.2 million, a 20% increase over July, 2016.

Aphria Inc. (TSX-V: APH) is engaged in producing and selling medical marijuana through retail sales and wholesale channels. The company claims to providing pharma-grade medical cannabis, superior patient care while balancing patient economics and returns to shareholders. This September the company announced a project that will increase the capacity under the Access to Cannabis for Medical Purposes Regulations ("ACMPR") from 100,000 square feet to 300,000 square feet and is expected to increase the Company's ACMPR compliant growing capabilities from 5,500 kgs annually to 18,000 kgs annually. On October 7th the company reported 102% quarter over quarter increase in EBITDA and a 72% quarter over quarter increase in kilograms sold.

Supreme Pharmaceuticals Inc. (SL.CN) is development company focusing on medical marijuana industry, with an emphasis on production and sale of medical marijuana as regulated by Marihuana for Medical Purposes Regulations. The company's pride are their innovative greenhouse facilities, which is the first of its kind to be hybridized and modular, meaning it provides the best practices of indoor cultivation with the cost savings and sustainability of a greenhouse. Currently the company is focusing on scaling up the entire greenhouse.

Maple Leaf Green World Inc. (TSX-V: MGW) is a Canadian company that focuses in the agricultural/environmental industry. This September the company announced the first shipment of product from its initial harvest has commenced.  Product shipments will continue for the next few weeks. Once the harvesting and shipping of the first two crops has been completed, the Company will be in a better position to provide revenue projections for 2017 and beyond. The seedlings for the Company's third marijuana crop will be cultivated in November, with harvesting expected in March 2017.  From 2017 onward, Maple Leaf is targeting six harvests per year.

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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. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR branding, marketing and advertising for third parties for disseminating news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.

Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the "Site") is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and pr marketing firm enters into service agreements with the companies which are the subject to the articles posted on the Site for advertising such companies. Financialbuzz.com has been compensated thirty-seven thousand five hundred dollars for financial news dissemination and pr services by a nonaffiliated third party for finore mining inc. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality and sophisticated content on this site along with other financial news pr media services. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com does not undertake to update any of the information on the Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on the Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use. Please visit: http://www.financialbuzz.com

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