Northsight Capital Granted Exclusive Rights for Sale and Distribution of Seniors Brand CBD Oil
SCOTTSDALE, Ariz., November 1, 2018 (Newswire.com) - Northsight Capital Inc. (OTCQB: NCAP) announced that the company has reached an agreement in principal to be exclusive distributor of CBD products for SeniorsCBD, a brand of Seniors for CBD.
Seniors for CBD, www.SeniorsforCBD.com, is a leader in the industry for educating and informing seniors on the continuing research on medical marijuana and CBD by bringing current news daily to their followers. Seniors for CBD and Northsight have signed an agreement in principal to establish the first CBD product line specifically for the seniors market. There have been negotiations with several manufacturers and plans are to introduce their first product in the very near future.
The seniors market for CBD is one of the fastest-growing areas for the cannabis industry. According to a new estimate from cannabis industry analysts the Brightfield Group, the hemp-CBD market alone could hit $22 billion by 2022, with senior citizens taking the lead in purchasing the product. As of March 2018, in Colorado, people 50 and older now make up more than 36 percent of patients on the medical marijuana registry.
According to an article published by AARP this year, Boomers are turning to CBD oil for pain management and other health issues. CBD, which comes in a wide variety of forms including salves, edibles and oils, does not produce the high typically associated with marijuana. Ten thousand people turn 65 each day, according to the Pew Research Center, and more and more are trying CBD for their health and well-being.
In February, a peer-reviewed study of almost 3,000 patients in Israel, the first study of its kind, showed that cannabis can be safe and effective for seniors and lead to decreased use of pharmaceuticals, including opioids. In the study, published in the European Journal of Internal Medicine, almost 94 percent of patients reported improvement in their condition, with their pain level reduced by half.
Another study, this time conducted by HelloMD and Brightfield Group, analyzed CBD use in 2,400 members of the HelloMD community. Forty-two percent of CBD users said they were able to stop using traditional painkillers such as Tylenol and prescription medication such as Vicodin. Eighty percent said they found CBD to be either "very" or "extremely" effective.
About Northsight Capital Inc.
Northsight Capital Inc. (“NCAP“) is comprised of a portfolio of online marijuana-related websites developed and operated by the company. These sites incorporate many aspects of the marijuana industry. The company provides its audience with a means to stay informed on the industry’s most cutting-edge marijuana-related innovations and legislation. The company’s most dynamic concept, Weed Depot, provides consumers with a geo-targeted map directory of medical and recreational dispensaries, head shops, doctors, attorneys and more within the marijuana industry. The new Weed Depot app will be available to be downloaded for free at the iTunes Store and Google Play. The company’s 420 Careers is a leading job site in the cannabis space with 2,000 to 3,000 visitors a day and approximately one million page views per month.
Various statements in this release, including those that express a belief, expectation or intention, may be considered “forward-looking statements” that involve risks and uncertainties that could cause actual results to differ materially from projected results. Accordingly, investors should not place undue reliance on forward-looking statements as a prediction of actual results. The forward-looking statements may include projections and estimates concerning the timing and success of specific projects or transactions. Forward-looking statements may also include projections and estimates concerning our future operating results and financial condition. When we use the words “will,” “believe,” “intend,” “expect,” “may,” “should,” “anticipate,” “could,” “estimate,” “plan,” “predict,” “project,” or their negatives, or other similar expressions, the statements which include those words are usually forward-looking statements. When we describe strategy that involves risks or uncertainties, we are making forward-looking statements. The forward-looking statements in this press release speak only as of the date of this press release; we disclaim any obligation to update these statements. We have based these forward-looking statements on our current expectations and assumptions about future events. While our management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond our control.
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Source: Northsight Capital Inc.