SOURCE: NetworkNewsWire

August 03, 2017 08:30 ET

NetworkNewsWire Announces Publication on the Influence of a New Budget Bill Amendment on the Medical Marijuana Sector

NEW YORK, NY--(Marketwired - Aug 3, 2017) - NetworkNewsWire ("NNW"), a multifaceted financial news and publishing company, today announces the publication of an editorial featuring, Inc. (OTCQB: CIIX), a client of NNW recognizing unprecedented opportunities in the U.S. cannabis industry and laying the groundwork to capitalize on growing demand for cannabidiol (CBD)-based nutrition and health products.

The publication, entitled, "Senate Appropriations Committee Action Adds Fuel to the Fire for Businesses in the Legal Cannabis Space," shines a light on several public companies poised to profit from the increasingly favorable landscape of the legal marijuana space.

To view the full publication, visit:

"The amendment to the '2018 Commerce, Justice and Science Appropriations Bill' bars the Department of Justice from using federal funds to keep states from implementing their own laws that allow the use, distribution, possession or cultivation of medical marijuana. In other words, the DOJ is prohibited from investigating medical marijuana cases or enforcing federal marijuana laws in states where cannabis has been legalized for medical use.

"The presence of CIIX is growing steadily as the company continues diversifying its cannabis market entry points. One of the company's key focuses at present is investing in the distribution and R&D of cannabidiol-based (CBD) health products and medicines to Chinese-speaking consumers.

"In addition to its activities in China and the United States, CIIX is expanding its presence in other countries and recently incorporated CBD Biotechnology Inc. in British Columbia, Canada, to focus on the R&D and distribution of health products in Canada, including hemp-based CBD, food products and beverage items."


Founded in 1999, endeavors to be an innovative company providing: (a) real-time market commentary, analysis, and educational related services in Chinese language character sets (traditional and simplified); (b) advertising and public relation related support services; and (c) retail and online sales of hemp-based products and other health related products. For more information visit

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today's market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

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Forward-Looking Statements

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.

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