Upper Street Marketing, Inc. (UPPR)

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European CBD market, which is expected to be worth $416 million by the end of 2019, is projected to be worth $1.7 billion by 2023.

The growth of the CBD and cannabis markets have been slower than they have been in the United States in part because in the EU, CBD is largely limited to topical use and tobacco products, while its use in ingestibles (such as food additives, tinctures and capsules) is prohibited. That may change, however, following an amendment proposed by the European Food Safety Agency to allow CBD in ingestible products, which could pass at the end of the year.