Marijuana Index

GROWBlox Sciences Takes Integrated Approach to Cannabis Medicine

The merits of medical cannabis are quickly being realized, with 23 U.S. states and the District of Columbia having legalized the drug. With broader acceptance of cannabinoid-based therapies throughout the U.S., the medical cannabis industry has grown at a 16.2% compound annual growth rate to reach $2 billion in revenue between 2009 and 2014, according…

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Peak Pharma Reports Sustained Revenue Growth in Q2 2015

The cannabis industry could reach $35 billion in size by 2020, according to GreenWave Advisors, while pet spending reached nearly $60 billion last year, according to the American Pet Products Association. Given these statistics, it shouldn’t be surprising that Peak Pharmaceuticals Inc.’s (OTCQB: PKPH) Canna-Pet® sales have been climbing. The company’s most recent quarterly report…

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VAPE Holdings Adds to Growing Patent Portfolio

VAPE Holdings Inc. (OTC: VAPE), a provider of healthy, efficient, and sustainable products to lawfully operating participants in the legal cannabis industry, recently announced that it has filed its second patent application with the U.S. Patent & Trademark Office for a new class of cannabis-derived products for high-value bio-medical applications known as the “NG 200 Series…

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Vape Holdings Reports Record Growth in Fiscal Q2

Vape Holdings Inc. (VAPE), a designer, marketer, and distributor of various vaporization products and a consultant within the legal cannabis industry, recently announced record quarterly results for its second quarter ended March 31, 2015. Revenue rose to $415,259, gross profit reached $117,617, and net income amounted to $85,145, or $0.01 per share. “We are very pleased with our…

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DigiPath Reports Strong Progress in First Quarter

DigiPath Inc. (OTC: DIGP), a cannabis testing, media, digital pathology, and education firm, recently announced its first quarter financial results and progress update. Revenue increased 170% to $136,000 year over year, while SG&A and R&D expenses came in slightly below last quarter’s expenses, excluding non-cash expenses related to compensation and a separation agreement. “DigiPath ended the…

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OWC and Sheba Medical Center Extend Contract for Medical Cannabis Trials to Treat Fibromyalgia

OWC Pharmaceutical Research Corp. (OTC: OWCP), developer of cannabinoid-based therapies targeting a wide variety of different medical indications, recently announced the extension of its contract with Sheba Academic Medical Center to further conduct clinical trials targeting fibromyalgia to help advance better treatments to patients through medical cannabis. “While fibromyalgia is a chronic widespread disease impacting the daily lives…

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Growblox Establishes Puerto Rico Subsidiary after Legalization Order

Growblox Sciences Inc. (OTC: GBLX), a biopharmaceutical research and development company with state-of-the-art technologies in plant biology and cultivation designed to produce consistent medical cannabis, recently announced that it has established Growblox Sciences Puerto Rico following Governor Alejandro Garcia Padilla’s executive order authorizing the production of medical cannabis within the U.S. territory. “As widely reported, Puerto Rico Governor…

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Abba Medix Group Enters into Definitive Agreement to Acquire Redecan Pharm

Abba Medix Group Inc. (cse:ABA) (“Abba” or the “Company”), formerly Saratoga Electronic Solutions Inc., is pleased to report it has entered into a definitive Share Purchase Agreement (the “Agreement”) to acquire all the issued and outstanding shares of 9037136 Canada Inc., a private company operating and known as Redecan Pharm (“Redecan”), from Mr. Richard Redekop…

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Cannabis Chemistry: A Look at Vape Holdings’ Scientific Approach

The legal cannabis industry generated about $2.7 billion in revenue in 2014, according to ArcView Market Research. With that figure expected to grow at a double-digit rate over the coming decade, there has been no shortage of companies entering the space. Some companies, like Cannabis Science Inc. (OTC: CBIS) and GW Pharmaceuticals (NASDAQ: GWPH) are…

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Canna-Pet® Success Moves Peak Pharmaceuticals Forward

Peak Pharmaceuticals, Inc. (OTCQB: PKPH) and Canna-Pet, a leading innovator of non-prescription hemp based cannabinoid products for animals, announced early in April that an initial trial run of their newly formulated MaxCBD Maple Bacon Biscuits sold out much faster than anticipated. Given the rapid acceptance of the product, it was no surprise that the Company acted…

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