News Americas, NEW YORK, NY, Fri. May 11, 2018: An Arizona company that distributes two consumable product lines derived from industrial hemp is looking to set up an international distribution hub in Jamaica.
Endexx Corporation this week said it has completed its acquisition of Go Green Global Enterprises Inc. to secure an international distribution hub for its entire array of cannabidiol (CBD) based products to key markets, in Canada, Europe, South and Central America and the Caribbean.
By having a company based in Jamaica, Endexx can now legally export its CBD products and Innovative Autospense™ products internationally.
Endexx is also pursuing multiple licenses in Jamaica to establish a vertical market to grow, process, transport, dispense, sell, and export its entire array of products, both current and future.
The Company’s CBD Unlimited line of cannabidiol (CBD) Cannsummable Portfolio products includes its formulated topical CBD balm and mist, travel sleep aid, teas, oils, capsules and soft chews for dogs and cats.
According to Forbes, cannabis sales internationally currently exceed $10 billion and are projected to reach $31.5 billion by 2021. A separate report published by Energias Market Research, cited that the global medical cannabis market is expected to grow significantly from $8.28 billion in 2017 to $28.07 billion in 2024 at a CAGR of 19.1% from 2018 to 2024.