Cannabis Industry is Exploding as Cannabidiol (CBD) Products Become More Mainstream - Seite 2

Leafywell, a Denver, Colorado based company, is wholly responsible for producing their CBD containing products from start to finish - from plant growing to harvesting and from crop to product - all in the USA. Cannabis has been considered as one of the, if not the, largest cash crops in the United States, with a future estimated growth rate of 700% by the end of 2018. Overall, the industry has been valued at upwards of 142 billion dollars - potentially double the value of the global coffee market, according to some recent figures. Website: http://www.LeafyWell.com

Researchers have produced findings related to the effectiveness of CBD extract containing products and its potential use in the treatment of a variety of conditions and ailments such as rheumatoid arthritis, diabetes, alcoholism, post-traumatic stress disorder, epilepsy, antibiotic-resistant infections, neurological disorders, and muscular dystrophy. Field specific experts suggest that this is just the beginning of CBD extract related research.

Dr. Michael McKenzie, MD with a practice specialty in family medicine, in response to the question, "What is your opinion of the use of Cannabinoid containing products?" Dr. McKenzie responded, "We are on the brink of something potentially life changing for many individuals and for our society as a whole. Research has demonstrated many positive effects of the use of CBD containing products and, as a community, we expect this research to continue." He continues on to add, "I am truly honored to be a part of the Advisory Board for PYTG and I can foresee making contributions to the direction of product formulation based on my experience in medicine and treating patients. We have something special here with LeafyWell products and I look forward to the great things to come out of our future interactions with the highly-respected and widely-recognized board members." Read this and more news for PYTG at http://www.financialnewsmedia.com/news-pytg

In the industry developments and happenings in the market this week include:

HEXO Corp. (TSX:HEXO.TO) (OTCPK:HYYDF) recently announced plans to establish a Eurozone processing, production and distribution centre in Greece. The partnership with Greek company Qannabos ("QNBS") will catalyze a vertically integrated cannabis enterprise to capitalize on the current medical markets. HEXO's plan to establish operations in Greece marks the Company's first foray into the European cannabis market. The move will provide the company presence in Europe to supply a full suite of brands in France, the United Kingdom, and other European markets once regulations permit. "I'm excited to add European distribution capabilities for HEXO and its joint venture partners," said Sebastien St-Louis, HEXO Corp.'s CEO and co-founder. "By bringing brands powered by HEXO, our infrastructure and our know-how to Europe, we will be well prepared to serve a burgeoning market. This new capability will allow us to bring even more value to our hub and spoke partners in the beverage, cosmetics, and food space by giving them access to licensed cannabis infrastructure and brands in Europe. Additionally, HEXO believes that we will quickly be able to leverage our joint venture partners' networks to take significant first mover advantage and market share."