Millionaires are being made by the moment in the medical marijuana industry. Venture capital firms, private equity firms, and even billionaires have gotten in on the action, sending key players to multi-bagger gains overnight.
One only has to remember InMed Pharmaceuticals’ (OTC: IMLFF / IN.V) launch from under a dime to $1.87 in 2018. Or GW Pharmaceuticals’ (NASDAQ: GWPH) sky-high climb when positive phase 3 results were released for Epidiolex to know that investors are churning out fast double, triple and quadruple digits gains.
If you missed those huge rallies, than you’re in luck because its just getting started.
With a total of 29 U.S. states legalizing the medical use of cannabis, and 8 with recreational-use laws in place, the market has been abuzz. A new report from the Brightfield Group projected the international market for cannabis to hit $31.4 billion by 2021, showing a compound annual growth rate of 60%.
And those figures could be vastly underestimated when taking into account the full scope of the market potential in development.
The one reason the medical marijuana is thriving is Cannabidiol or CBD.
CBD is cannabinoid derived from the industrial hemp plant. Many use the all-natural and legal hemp oil supplements that help boost the human Endocannabinoid System. Research has shown cannabinoid or CBD oil to have positive effects on human health and wellness.
There are many CBD companies producing products. Unfortunately, not all companies are equal. We have found the top CBD companies that are reputable.
Greenleaf Farms is one of the top companies producing a full spectrum product. You will need to research and find the top CBD companies to be assured of a pure, natural formula and ingredients. Research will help you find top CBD companies that you can trust.
Greenleaf Farms (GLF)
Greenleaf Farms, Inc. is an early mover in the production, manufacture and distribution of cannabidiol products derived from industrial hemp. Their hemp is grown in rich farmland in southern Colorado. Industrial hemp oil is currently legal to sell in all 50 states. Greenleaf Farms goal is to be the premier hemp brand producer, wholesaler, and retailer both domestic and abroad. Greenleaf Farms is one of a handful of companies in Colorado that can say they are All Organic CBD Hemp Oil Producers.
Cannabis Science Inc (CBIS)
Cannabis Science, Inc. is engaged in medical marijuana research and development. The Company works on phytocannabinoid science targeting critical illnesses, and adheres to scientific methodologies to develop, produce and commercialize phytocannabinoid-based pharmaceutical products. The Company is involved in the creation of cannabis-based medicines, both with and without psychoactive properties, to treat disease and the symptoms of disease, as well as for general health maintenance. The Company focuses on the development of governmentally approved pharmaceuticals, including CS-TATI1, CS-S/BCC-1 and neurological therapy under study or development. The Company’s subsidiaries include Cannabis Science BV and Cannabis Science International Holding BV.
Medical Marijuana, Inc. (MJNA)
Medical Marijuana Inc. (OTC Pink Sheets; MJNA) is the first publicly held company vested in the cannabis and industrial hemp space in America. Through its subsidiaries and investment holdings the Company focuses on the development, sale and distribution of hemp oil that contains naturally occurring cannabinoids, including cannabidiol (“CBD”) and other products containing CBD-rich hemp oil (“Legal Hemp”). Company products are formulated for the pharmaceutical, nutraceutical and cosmeceutical industries, including dietary supplements, prescription-based hemp oil for sale in countries that have legalized our hemp oil for the treatment of various illnesses and conditions (such as Brazil and Mexico) and skin care products.
But here’s where it gets real…
The market for medical marijuana pharmaceuticals is HUGE: Over $50 billion across the medical industry by 2024.