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Tuesday, December 19, 2017 3:09:03 PM
Retail Cannabidiol - CBD Market Exploding at Exponential Year-Over-Year Growth Rate
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8:40 AM ET 12/19/17 | PR Newswire
RELATED QUOTES
3:05 PM ET 12/19/17
Symbol Last % Chg
PHOT
0.02 15.75%
POTN
0.06 5.33%
VATE
0.05 13.01%
Real time quote.
MarketNewsUpdates.com News Commentary
PALM BEACH, Florida, December 19, 2017 /PRNewswire/ --
Cannabidiol - CBD, the natural phytocannabinoid extracted from cannabis, is quickly generating worldwide interest from the investment community while becoming an exciting opportunity for angel and venture capital investments pinning hopes that projections are correct and that the CBD market will grow 700% over the next few years. In an article published by Forbes, The Hemp Business Journal estimated that the CBD market will grow to a $2.1 Billion market in consumer sales by 2020 with $450 million of those sales coming from hemp-CBD based sources. That's a 700% increase from 2016. In 2015, the market for consumer sales of hemp-derived CBD products was $90 million, plus another $112 million in marijuana-derived CBD products which were sold through dispensaries - bringing a total CBD market to $202 million last year. And as political walls across North America continue to be reduced and investment into the market increases, the sector could see an even bigger leap in growth than anticipated. Active in the cannabis industry include: PotNetwork Holding Inc. (OTC: POTN), Elev8 Brands Inc. (OTC: VATE), Namaste Technologies Inc. (OTC: NXTTF) (CSE: N), Growlife Inc. (OTC: PHOT), Cannabis Wheaton Income Corp. (OTC: CBWTF) (TSX-V: CBW).
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