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| CBD Biotech, Inc. part of the "CBD Boom in China" |
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 Hot Stock to Watch |
Company: Chineseinvestors.com, Inc. (OTCQB: CIIX)
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Last:
Price: 0.24
Change (%): - 0.01 (4.00)
Volume: 26,370 |
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ChineseInvestors.com, Inc.'s Subsidiary, CBD Boitech, Featured in Recent Wall Street Journal Report on the Growing Cannabis Industry in China
SAN GABRIEL, Calif., Nov. 25, 2019 /PRNewswire/ - ChineseInvestors.com, Inc. (OTCQB:CIIX) (“CIIX” or “the Company”), an established financial news and investment portal, as well as a leading industrial hemp retailer for the Chinese-speaking community, today announced that its subsidiary CBD Biotech, Inc., an exempted company with limited liability incorporated in the Cayman Islands (“CBD Biotech”) was featured in a Wall Street Journal (the “Journal”) report on November 13, 2019, entitled “China Says No to Marijuana but Lets Its Cannabis Industry Bloom - Farmers, companies increase hemp-related investments; a push ‘at light speed’ into CBD business.”
As one of the first movers in the legal industrial hemp skincare and cosmetics market, we are honored to be featured in this recent Wall Street Journal report and believe that this mention validates our efforts in China over the past few years,” said Summer Yun, CEO of CBD Biotech, Inc.
According to the report, “The CBD Market will grow by 700% in the US this year and will be worth more than $23 billion by 2023.” China’s desire to obtain a piece of this growing market is evidenced by the ‘CBD Boom’ in China, focused in part on the export of pure CBD extract. The report also highlights CBD Biotech, a first mover in the industrial hemp skincare and cosmetics industry, working to educate consumers on the benefits of industrial hemp extract and positioning itself to be one of the leaders in China’s legal market for skincare and cosmetics infused with cannabis sativa leaf extract, industrial hemp extract.Although some components of marijuana are not allowed to be used in China, the extract of cannabis leaf used as a cosmetic raw material is legal and listed in the “Catalogue of Used Cosmetic Raw Materials” issued by the China Food and Drug Administration in 2015. Cannabis sativa leaf extract can legally be added to skincare and cosmetic products.
The article and accompanying video can be found at https://www.wsj.com/articles/china-lets-its-cannabis-industry-bloom-but-says-no-to-marijuana-11573567906.
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