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Is It The Time To Invest In Cannabis Sativa Inc (OTCMKTS:HempS)?

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One major cog of the legal cannabis market is the Hemp segment. Hemp is an important part of the cannabis crop that doesn’t have any kind of psychotropic effects. It is generally used for medicinal purposes as against to recreational.

Forbes mentioned that in respect to the Hemp market size, it is estimated to reach $3 billion by 2021. As of now there are as many as 15 states that permit Hemp only. This is in addition to the DC plus 28 states that have approved medical marijuana.

The report suggests that the Hemp market has been aimed by industry insiders. As per Headset Research report, in Washington state there are more than 800 Hemp offerings in the marketplace. The firms that are set to benefit from this market is Cannabis Sativa Inc (OTCMKTS:HempS), ChineseInvestors.com Inc (OTCMKTS:CIIX), Cara Therapeutics Inc (NASDAQ:CARA) and Eco Science Solutions Inc (OTCMKTS:ESSI).

The details

Cannabis Sativa recently stated that it entered into a deal to acquire the intellectual asset for the White Rabbit brand of cannabis mints and cannabis sprays. The acquisition will comprise the proprietary and exclusive product formulations, manufacturing methods, product mixes and branding. This product line currently comprises of fast acting low quantity cannabis oral sprays and general low dose cannabis mints. These products are manufactured as Hemp only, THC only as well as Hemp/THC blends.

Cara Therapeutics is advancing lead molecules that selectively control peripheral CB receptors without aiming CNS cannabinoid receptors. They will be initially advanced as a unique therapeutic course for neuropathic pain, a problem currently without reliably effective treatments. Cara’s most developed CB compound, CR701, is still in preclinical stage. The CMO Dr. Joseph Stauffer expressed that cannabinoid receptor agonists have the potential to offer improved pain relief for people suffering from neuropathic pain.

In the last trading session, the stock price of Cannabis Sativa jumped more than 2% to close the week at $5.53.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of journaltranscript.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure

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