As the Cannabis Industry Grows, So Do Challenges of Supply and Distribution
Source: NetworkNewsWire
CannabisNewsWire Editorial Coverage: The cannabis industry is seeing repeated waves of growth, creating challenges for supply and distribution.
Currently worth over $7 billion, the cannabis industry is expected to exceed $65 billion in the next five years.
This growth is creating challenges for supply and distribution, as companies struggle to meet surging demand.
The passing of the 2018 U.S. Farm Bill will allow for further growth, adding to the cannabidiol (CBD) supply.
SinglePoint, Inc. (OTCQB: SING) (SING Profile) is one of the companies tackling distribution problems through the establishment of an online store selling CBD products. Tetra Bio-Pharma, Inc. (TSX.V: TBP) (OTCQB: TBPMF), a medical cannabis company, is expanding into the leisure market with a hemp-based energy drink. Luxury consumer products company American Premium Water Corp. (OTC: HIPH) is tapping into a similar market with CBD-infused water. The Supreme Cannabis Company (TSX.V: FIRE) (OTCQX: SPRWF) (FIRE Profile) just launched
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