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Green Cures & Botanical Distribution, Inc. Reviews Options in CBD Space with Purple Haze Properties
Green Cures & Botanical Distribution, Inc. Reviews Options in CBD Space with Purple Haze Properties.
About this update from Green Cures & Botanical Distribution Inc.
[{"type":"text","content":"\n\n LOS ANGELES, CA , Sept. 28, 2017 (GLOBE NEWSWIRE) -- Green Cures and Botanical Distribution Inc. (OTC PINK: GRCU), an innovative hemp-infused nutrition, botanical, sports, and body care products company, has recently begun reviewing options for entry into the CBD space, with prospective partner, Purple Haze Properties.\n Forbes has estimated that the CBD market will grow by 700% by 2020, and a variety of other industry reports have come out with similar expectations. As more and more jurisdictions pass pro-cannabis legislature and more scientific research is completed, this market is poised for rapid growth. Due to the impressive growth potential in the sector, Green Cures & Botanical Distribution, Inc. has asked industry expert and Purple Haze Properties CEO, Andrew Pitsicalis, to join the GRCU team as a Brand & Marketing Consultant. “We are always looking for ways to create more sustainable revenue streams, and there is no better place to start than a rapidly growing complementary market,” said Andrew Pitsicalis, CEO of Purple Haze Properties and Brand & Marketing Consultant for GRCU. “We have already built a strong network, and could leverage that network to quickly research and develop new product opportunities,” he concluded. Management has concluded that the company will implement a ‘“state-by-state” medical patient and dispensary sales model. CBD was made a Schedule 1 Drug, Jan 13th of this year, making it federally illegal. By producing medical products rather than recreational ones, the company can use genetics high in CBD, but also with the full spectrum of cannabinoids that help battle many conditions that patients turn to cannabis for help. For this reason, the company held production on its celebrity lines of National CBD-infused beverages. With the changes in CBD legislature this year, GRCU has chosen not to put the company or investors stock at risk, given the attitudes in the current political climate. The company started sales and has been participating in cannabis industry events and conventions in California this year, and have had a great response to the initial products. California will be going to “adult use,” and is estimated to bring in over $5 billion in revenue in 2018. GRCU wants to start making its mark in the largest cannabis stat...