CBIS - Cannabis Science (OTCBB: CBIS) Expanding West Into California
Cannabis Science (OTCBB:CBIS)
Today : Thursday 15 December 2011
Cannabis Science, Inc. (OTCBB: CBIS), a pioneering US biotech company developing pharmaceutical cannabis products, has announced it has entered final negotiations to bring Cannabis Science brand of pharmaceutical products into California.
The medical marijuana industry is worth approximately $1.7 billion this year and could reach almost $9 billion by 2016. Currently, California and Colorado dominate the nascent industry, representing 92% of all wholesale and retail sales across the country. With nine states and the District of Columbia currently with medical marijuana laws, there are a potential 24.8 million potential patients.
Cannabis Science aims to create cannabis-based medicines, both with and without psychoactive properties, to treat disease and the symptoms of disease, as well as for general health maintenance.
Other active stocks are Powertec International (OTCBB: POWT), Sauer Energy, Inc (OTCBB: SENY) and Capstone Infrastructure Corp (PINKSHEETS: MCQPF)
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