Monday, February 29, 2016

Medical marijuana company predicts profits boom

Anticipating $84 million in sales in 2019, Israeli-founded Cannabics seeks investment as it touts treatment for cancer sufferers


By Sue Surkes for The Times of Israel
A company founded by Israelis that has developed a marijuana capsule for cancer sufferers predicts that the legal cannabis industry will outstrip both the US film and organic food industries within five years.

Cannabics Pharmaceuticals estimates that the medical marijuana market has the potential to reach $3.6 million in the US alone, the Globes newspaper reported Monday.

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