Instrument Name Canopy Growth Corp Instrument ExchangeTSX: Instrument SymbolWEED-T

, /PRNewswire/ -- The CBD Oil extract market is growing but what exactly is making it grow? Recent reports indicate that it is the increasing preferences of oil and tinctures extracted from cannabis which is primarily driving the market growth rate. Out of all cannabinoids, cannabidiol is most widely used for therapeutic reasons due to the lack of psychoactive effects. In many medical applications, cannabidiol oil is used, such as anxiety and depression treatment, stress relief, diabetes prevention, pain relief, cancer symptom relief, and inflammation. Due to the increasing adoption of CBD-based products to treat ailments, the global cannabidiol market is anticipated to grow at a lucrative rate over the forecast period.  Increasing awareness of cannabidiol's therapeutic benefits has influenced a buyer to buy cannabidiol products, regardless of their cost. As these have a greater profit margin, commercial retailers are now focusing on selling cannabis-based products. Numerous health and wellness retailers are offering CBD-based products, such as Rite Aid, CVS Health, and Walgreens Boots Alliance. In addition, CVS Health decides to offer CBD topicals all over its 800 stores and Walgreens Boots Alliance is selling CBD-containing topicals across 1500 of its stores in the U.S.   Active companies in news today include:  (OTCQB: OILFF) (CSE: OILS), (NASDAQ: GWPH),  (NASDAQ: SNDL),  (NASDAQ: CGC) (TSX: WEED), (OTCQX: VLNCF) (TSX: VLNS).

, /PRNewswire/ -- The worldwide explosion of the recreational and medical cannabis markets, and submarkets, appears that it will continue for years to come. New industries have been born, new mega-companies are growing and other new worldwide players will undoubtedly emerge. When new industries with almost unlimited revenue growth rates appear, the companies need an edge on their competition to survive the consolidations and mergers, to come out on top. Sometimes that edge is having and protecting their IP… with patents. An  from a UK and European Patent and Trade Mark Attorney firm discussed the view from the UK. It said: "Following high profile legalisation in territories around the world (for example , some states in the US and limited medicinal allowability in the UK), industry and financial institutions are recognizing the commercial potential of cannabis… And where there is commercial potential, there will be a demand to protect innovations made to capitalize on the market. A quick search on a global patent database indicates over 7000 granted patents which include the word cannabis, including over 1000 in and UK.  However, given that recreational cannabis is presently illegal in many places (for example, most places in and federally in the US), can you patent something which is illegal? Additionally, since cannabis is natural and has been known since ancient times, can you patent something which is so well known?"  Active companies in news today include:  (OTCQB: OILFF) (CSE: OILS), (NASDAQ: GWPH), (OTCQX: MEDIF) (TSX: LABS),  (NASDAQ: CGC) (TSX: WEED), (OTCQX: VLNCF) (TSX: VLNS).

Canopy Growth Signs U.S. Distribution Agreement with Southern Glazer's Wine & Spirits for CBD Beverage Portfolio