$IDVV TEMECULA, CA / ACCESSWIRE / November 6, 2018 / International Endeavors Corporation (OTC PINK: IDVV), a growing company in the cannabis industry announced today they are entering the CBD market.
IDVV already has several projects in the cannabis industry. The goal of entering the CBD market is to diversify the Company and position themselves in the CBD Space. This also will allow IDVV to sell its products throughout the United States as well as International.
Currently, the market for CBD is on track to generate more than $600 Million in 2018. Forbes reported that CBD sales will reach over $1 Billion by 2020. The CBD market has virtually doubled between 2017 and 2018 and projections over the next 5 years are significantly higher than in recent years.
Growth is anticipated primarily due to the expectation of the Hemp Farming Act of 2018 (Farm Bill) passing. If it is passed, this will legalize hemp as well as its byproducts which include extracts and cannabinoids, including hemp CBD. The market for CBD-derived products is projected by some to rapidly expand up to $22 Billion by 2022.
For the past few months, IDVV has been working with a firm to effectively enter into the CBD market in 2019, as well as develop a plan for significant distribution including an affiliate program and identifying influencers.
