Legal Cannabis Market Contributes to Tax Revenues
FinancialBuzz.com News Commentary
The fast-growing legal cannabis industry could become a major driver of the
New Frontier Data CEO, Giadha Aguirre De Carcer said: "During this tough economy, states are looking for any way to close their budget shortfalls and it appears that cannabis may hold an answer for them. New Frontier Data looked at the potential revenues that could be generated from state cannabis taxes and found that in this year alone, states could raise nearly
"I am delighted about the establishment and registration of our new hemp company," says CIIX Founder and CEO,
XiBiDi Biotechnology will be the operator of CIIX's recently launched CBD online store, http://www.ChineseCBDoil.com, which will primarily focus on selling, where-legal, hemp-based CBD nutrient and health products to Chinese-speaking customers worldwide, through the online retail process. CIIX is also in preparations to open a retail store based in the predominantly Chinese community of
The establishment of XiBiDi Biotechnology supplements these ventures, as well as the Company's broader mission to develop its presence in the hemp industry. In addition to retail and direct sales, the Company will focus on the legal import of hemp-based (but not CBD oil products) health products in
Specialty pharmaceutical company, develops and commercializes supportive care products,
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