In the past 12 months, Willie Nelson launched a product line of CBD-infused coffee beans called ‘Willie’s Remedy’, Kim Kardashian came out and told the world she hoped her upcoming baby shower was ‘CBD-themed’, and Mandy Moore told everyone listening at the Golden Globes that she was using CBD oil to soothe her aching feet after wearing high heels. The world has gone nuts on CBD, it seems.

Perhaps it will even be the year that the general public stops looking at the seemingly magical, hemp-derived product so dubiously and begins embracing it in the mainstream. For several years now CBD products like Organic CBD Nugs, oils, capsules and topical creams have been floating on the periphery of society, sneaking their way into beverages, facial creams - even dog treats - but not quite receiving the official, blanket tick of approval from regulatory authorities worldwide. To varying degrees, governments worldwide have legalised CBD - or forms of it - but it wasn’t until the United States FDA approved CBD (Epidiolex) as an effective medicine for treating epilepsy that the world has truly sat up and began noticing the enormous potential that the naturally occurring component of cannabis can offer.

Recent industry analysis shows that over the next five years Europe’s CBD market is set to grow by 400%, while the global CBD market is expected to grow at a rapid rate too, reaching $23.6 billion by 2026, according to Grand View Research. In fact, some predict it will happen even sooner: leading cannabis research firms BDS Analytics and Arcview Market Research estimate that the US market for CBD sales will surpass $20 billion by 2024. The CBD market’s sub-markets are also set to expand: the global nanoemulsion market - which is predicted to be one of the largest sub-markets in the cannabis industry - is estimated to rise to $14.91 billion by the end of 2025 and other current industry reports are showing that the recreational cannabis beverage industry is also on the rise.

In other words, 2020 is looking to be a good year for the CBD industry.

As we hurtle towards mid 2020, it appears the rapidly growing Cannabidiol (CBD) market has no plans to slow down anytime soon.

Any investor interested in investing in marijuana stocks or in direct-selling businesses have a tremendous opportunity to ride the rise in CBD products, many of which are showing excellent health benefits.

Oh yeah definitely

And need this board to be more active

Me too

GTLA

Fingers crossed

Ask is a few % up already

But saw the CNNA buzz out there just missed entry

I was in HIPH 10 baggers

Missed it too

Technically bounce is right at the corner

Could take a couple of weeks maybe

Yes interest will be back soon

Or volume at least

Long term growth ...

More and more legalization every year so the cannabis industry will just keep on growing

As Rabe sees it, the coronavirus pandemic may give New York a key push toward legalization. 

“The economic impact from this virus may be enough for some states, such as New York, to finally get enough votes to pass such legislation,” she wrote. “While we recognize legal marijuana is a controversial topic for many people, the budget shortfalls that COVID-19 will create may sway opinions about the issue.”

At least in near bottom bottom

Still not fully loaded here but getting there

Will hold as long as it take

I am

Could yes

Lol yes Cann is another one

500% is 0.01, I'll be happy with penny land as target

Low on funds here but loading slowly whenever I can

Patience is key until next bounce

Looks thin just need more ask slaps

Lot of great news that could push the cannabis industry up soon

Though New York Gov. Andrew Cuomo hasn’t been successful in efforts to push legislation for legalization, conservative estimates have shown it can bring up to $1.3 billion in revenue per year. 

“If Colorado can raise +$300 million from recreational and medical marijuana sales in a year, New York can certainly earn over $1 billion as long as the state taxes and regulates adult-use sales reasonably,” said Rabe, who noted that Colorado’s approach has yielded better results than California, which has missed revenue projections.

As the economic damage from the coronavirus pandemic piles up, U.S. cities and states are set to face significant lost revenue given the loss of business activity.

But, as DataTrek Research’s Jessica Rabe writes in a note, “there’s a simple and effective solution for states and cities to help cover their huge budget shortfalls after the COVID-19 pandemic subsides: legalize recreational sales of marijuana.”

Exactly

Just on volume watch for now

Looks like it

Still under accumulation for me

We are all ready

Yes lot of watchers for sure