Breaking News: Passage of 2018 Farm Bill Could Lead to a Flurry of M&A Activity in CBD Sector With Established Players
Industry Leaders Looking at Acquisitions and Partnerships to Enter Burgeoning Legal CBD Market
NEW YORK, Dec. 17, 2018 (GLOBE NEWSWIRE) -- Cannagreed.com News Commentary
With the passage of the 2018 Farm Bill, there are many companies in the CBD space that are poised to receive significant interest from industry leaders in numerous sectors that are looking to capitalize off the passage of the 2018 Farm Bill by acquiring or forming partnerships with the companies that have already entrenched themselves in the CBD sector.
Cannabidiol, or CBD, is the non-psychoactive chemical compound found in the hemp plant. The 2018 Farm Bill nationally legalizes the cultivation and farming of that plant, which in turn will allow for the national legalization of CBD, removing barriers that have restricted mainstream commercial acceptance of the compound. Many companies have already staked positions in their industries to take the lead in establishing their leadership in the CBD and Hemp space.
Industry leaders have been taking notice of these events. They do not want to be left behind by the "CBD revolution", as this bill "is a watershed moment for the CBD industry" said Brightfield Group, a company that specializes in cannabis and CBD market research, which projects that the medical and recreational CBD market is expected to reach an estimated value of $22 billion by 2022. Many companies have already expressed interest in acquiring or partnering with companies in the sector. The markets could positively reward these companies for their interest in the space
