- The Canadian cannabis oil extraction market is projected to reach $1.5 billion by 2020
- Algae Dynamics is focused on extracting cannabis and hemp oil, which has a range of medicinal health benefits
- Cannabis oil extracts act on the human endocannabinoid system, which includes receptors in the brain, organs, and tissues
The oils extracted from cannabis plants, especially those with high levels of cannabidiol (CBD), have been used for medicinal purposes for millennia. Algae Dynamics Corp. (OTCQB: ADYNF) has been focused on cannabis oil extraction, part of its vision to become a world leader in this field. A $1 million market in Canada in 2015, the oil extraction market is anticipated to hit $1.5 billion by 2020. Full legalization is expected across the country by July 2018, and research into the Colorado market, one of the first legal cannabis markets in the U.S., has led to estimates of 45 percent of users converting from dried marijuana to extracts and oil. The market value projections are based on similar anticipated trends for the Canadian market.
By extracting the oil from cannabis, the company aims to develop a range of health products from its derivatives. Cannabis oil, according to CBD International (http://cnw.fm/Es1BB), is beneficial for various health conditions and illnesses. The focus is cannabidiol, one of the main ingredients in marijuana. The other is tetrahydrocannabinol (THC), which is responsible for…
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