A major portion of the cannabis industry is the Cannabidiol (CBD) market. CBD is widely used for medical products, and is not psychoactive, therefore not useful for reactional purposes. The Hemp Business Journal estimated that the CBD market will grow to a $2.1 billion market in consumer sales by 2020, with $450 million of those sales coming from hemp-based sources. That’s a 700% increase from 2016.
ChineseInvestors.com, Inc. (OTCQB: CIIX) on March 30th, announced its investment in Breakwater MB, LLC, a cannabis-focused investment and consulting company. Building on the success that CIIX enjoyed through its investment in early-stage firm Medicine Man Technologies, the Company is pleased to announce another strategic investment in the cannabis industry.
Breakwater MB was formed by CIIX board member and former CFO, Paul Dickman, as a means to invest capital in and provide consulting services to, private, cannabis-focused companies as they transition into the public market. The invested capital