The cannabis industry is expected to reach US$31.4 billion (AU$39.84) come 2021, according to a research. Currently, the biggest player in this fast-growing market is the US as it commands 90 percent of the global cannabis sales.
Among the companies helping the US achieve the high rank is PotNetwork Holding, Inc. (TCMKTS:POTN), which had a remarkable run in 2017. At the beginning of last year, PotNetwork acquired First Capital Venture Co. and its subsidiary, Diamond CBD, Inc. According to First Capital Venture, it dedicates its efforts to studying and producing high-quality extracts of hemp — a crop coming from the same species of plant as the cannabis but does not carry the psychoactive properties of cannabis. From the hemp extracts, it produces cannabidiol (CBD) oil, which is then sold through its Diamond CBD subsidiary. […]