PALM BEACH, Florida -- It has become much easier to find CBD ingredients in an ever-expanding universe of items, especially in foods. Big brand soda and beer manufactures have all been mentioned to get in the mix, and every conceivable wellness product seems is now being 'infused' with CBD. But now, companies that live on providing services have entered the game too.
Also read, WeedMD and Phivida to Enter into Joint Venture for Cannabis-Infused Beverages.
A recent article in USA Today talked about this new tide of uses for CBD mentioned on a National level "a vegan national fast-food chain, has launched a CBD-Infused product line featuring cakes, cupcakes, cookies, Rice Krispies treats, mini pies, popcorn, dog bones, and more." The owner said: "We sold out in less than 30 minutes and after seeing the response from our customers, I knew we had to do something more meaningful," she says. And in Philly "a health-food restaurant chain has introduced its "Dream" collection of CBD-infused smoothies. It comes in three flavors: the vegan Berry Dream and Green Dream as well as Orange Dream, which can be regular or vegan. The company plans to develop more CBD-infused food and drinks by next year." Active Companies from around the market with current developments this week include: West Coast Ventures Group Corp., Terra Tech Corp., Hemp Inc., MariMed Inc., Medical Marijuana, Inc.
The article continued with "CBD is increasingly popping up in oils, gums, bath scrubs, body lotions, lip balms and more. Now, chefs across the country are using it in dishes for its potential health benefits, which some studies have shown could include treating pain, inflammation, anxiety, insomnia, and seizures." "There's a misconception about cannabis and CBD users, says a graduate of Le Cordon Bleu who is based in California. "We're understanding more of the health benefits of CBD. It's here to stay and more and more benefits will be revealed."
West Coast Ventures recently announced it will be franchising its Illegal Burger restaurant chain. WCVC is a concept restaurant platform company with multiple concept restaurants in the works. WCVC currently has six restaurants in the Denver area under its Illegal Burger and El Señor Sol banners. Illegal Burger recently entered into an agreement with North American Cannabis Holdings (Trading under the OTC Symbol USMJ) to rollout a pilot cannabis-themed restaurant in Colorado as part of USMJ's spinoff of the AmeriCanna Cafe. WCVC plans to begin the sale of Illegal Burger franchises in 90 to 120 days. Management anticipates the franchise business to substantially add to the company's existing $3 million in approximate annual revenue.
Jim Nixon, CEO of WCVC commented, "We are excited about this upcoming new revenue stream for the Company. As many are aware franchising brings significantly greater bottom line profit compared to Company owned locations. We have received many inquiries over the last few months requesting the availability of franchises. We expect a very positive response to WVCV adding this aspect."
AmeriCanna Cafe concept restaurant spinoff from USMJ is being affected by the sale of AmeriCanna Cafe to an independently listed public company, Priority Aviation (name change pending) (Trading under the OTC Symbol PJET). The spinoff transaction includes a planned issuance of PJET stock to the shareholders of USMJ in a dividend distribution. Illegal Burger, a subsidiary of WCVC will partner with AmeriCanna Cafe to pilot a cannabis-themed restaurant in Colorado. The pilot will be launched in the form of a food truck featured in pop-up venues near a series of recreational marijuana dispensaries in Colorado. The pilot rollout is scheduled to start in the spring of 2019. AmeriCanna Cafe is expected to closely follow the successful Illegal Burger business model and similarly add a franchise offering to accelerate future growth.
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