- Cannabis market could reach $3 Billion by 2021, according to Green Wave Advisors
- Consilium Global Research sees international expansion niche for CIIX
- The Hemp Business Journal projects $450 million in sales from hemp-based products by 2020
ChineseInvestors.com, Inc. (OTCQB: CIIX) stands to benefit from the explosive growth of the cannabis market over the next four years. Cannabis could reach $2.1 billion in consumer sales by 2020, according to Forbes (http://dtn.fm/P5XVw). An optimistic assessment is $3 billion by 2021, according to Green Wave Advisors (www.GreenWaveAdvisors.com).
CIIX offers educational and consulting services to Chinese investors, but, most recently, it has been pursuing a foothold in the cannabis market. In an effort to capitalize on the industry’s lofty projections, CIIX is opening a store in San Gabriel, California, from which to commercialize a line of hemp-oil based products. In addition to its San Gabriel store, the company also owns and operates an online store based in the free trade zone of Shanghai, China.
Research from Outco (http://dtn.fm/wP1u5), a licensed cultivator in Southern California, found that 38% of users and non-users of marijuana said they wanted to learn more about cannabidiol (CBD) oil. A large percentage of those surveyed also indicated that they are bullish on the CBD market, but a myriad of young brands are operating in the cannabis space. According to a report on CIIX from Consilium Global Research (http://dtn.fm/1oA2C), this is a nascent market. The research firm indicated that it will take significant capital to stand out and compete successfully, and resources will be needed to do business within an ever-evolving legal market.
The Consilium report also cited its finding that CIIX’s management team is “seasoned, proven and entrepreneurial,” with the vision and ability to execute. Further, it found positive benefits related to CIIX’s well-ingrained position within the Chinese-speaking community in the U.S. and abroad.
As a result, Consilium sees opportunities for CIIX in international expansion, with its large addressable market and the development of legal cannabis driving multiple years of sustainable growth. Further, the research firm sees the fact that the legal cannabis market has many entrants as an opportunity for CIIX if it can attract the necessary capital to compete.
For more information, visit the company’s website at www.ChineseInvestors.com
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