The Expectations of the Legal Cannabis Market After Elections – PR Newswire (press release)
NEW YORK, November 11, 2016 /PRNewswire/ —
http://www.Financialbuzz.com – In California, Massachusetts, Nevada and Maine, voters decided that recreational cannabis use is now legal. Now as for Arizona, it was the only state that rejected the proposal. Making it four of the five states, where the proposal of legalization of cannabis for recreational use were approved. Companies in this sector profiting from the growing demand, views this as a highly positive development for the legal cannabis industry, as it may bring billions of dollars to the industry and to the states themselves. Canadian Zeolite Corp. (OTC: CNZCF), Zynerba Pharmaceuticals Inc. (NASDAQ: ZYNE), Insys Therapeutics Inc. (NASDAQ: INSY), GW Pharmaceuticals PLC- ADR (NASDAQ: GWPH), Cara Therapeutics Inc. (NASDAQ: CARA).
The District of Columbia, along with other 8 states now recognizes recreational marijuana use as a legal practice for adults. Arkansas, Florida, Montana and North Dakota passed ballot measures legalizing medical marijuana use only. California is of course the most populated state and the largest market for cannabis. California Lt. Gov. and former San Francisco Mayor Gavin Newsom, said the proposition could generate up to $1 billion a year in tax revenue, as well as $100 million in saved taxpayer money on an annual basis.
Canadian Zeolite Corp. (OTCQB: CNZCF) is an exploration, development and production of the industrial mineral zeolite. The company explains the value of Zeolite, which is a naturally occurring mineral found in volcanic ash, and is unique notable in its crystalline structure perforated by microscopic pores. These pores allow zeolites to act as natural filters. As a result, Zeolites (microporous) are used across several industries for a variety of purposes, including water purification and radioactive waste containment. This is an environmentally friendly Green Tech business which well suited to today’s economic environment.
Recently Canadian Zeolite Corp. announced that it will begin shipping the natural zeolite