The strategy by ChineseInvestors.com, Inc. (OTCQB: CIIX) to open the first cannabidiol (CBD) online retail store in China, and to use a wholly-owned subsidiary in the retail and wholesale business to supply CBD health oil products throughout Asia, has attracted the attention of investors who have seen global activity in the cannabis market grow.
ChineseInvestors.com operates a website for Chinese-speaking investors located in China and the U.S. Its self-directed investing model includes education products and services such as consulting. The company previously announced plans to open a retail store in the Shanghai Free Trade Area and commence distribution of CBD health oil products to Chinese people located around the globe. It expects to go live with its ChineseCBDoil.com site later this month.
Investment companies have already seen the growth of the cannabis industry globally. Marijuana is not legal in China, but oils that are cannabis-based are. Medical and recreational marijuana is growing globally. Some countries permit medical marijuana only. Legal sales are growing throughout the world and CIIX sees an important opportunity in China and Asia.
Matt Karnes of GreenWave Advisors (http://dtn.fm/6xAjK) projects that the CBD market in the U.S. could reach almost $3 billion by 2021. Warren Wang, founder and CEO of CIIX, cited the CBD Report in the Hemp Business Journal that the U.S. hemp and legal marijuana consumer sale industries could grow to $2.1 billion by 2020. The ArcView Group sees industry sales throughout North America growing to a little more than $8 billion by the end of 2017.
In a recent news release, Wang added that CIIX has entered into a wholesale agreement with a well-known manufacturer of CBD oil. He anticipates that, through its online platform and retail store, CIIX will be able to retail nutritional supplements containing CBD to China and other Asian markets.
Legalization of marijuana is happening globally. According to TMFUltraLong (http://nnw.fm/KXoo1), you can use or buy it in some form in Canada, Australia, the Netherlands, France, Uruguay, Chile, Czech Republic, Colombia, and Jamaica. In the U.S., 28 states and the District of Columbia have legalized medical marijuana. To date, a total of 16 states have legalized CBD.
For more information, visit the company’s website at www.ChineseInvestors.com