InvestorsHub Logo
Followers 6
Posts 1257
Boards Moderated 0
Alias Born 06/14/2009

Re: None

Friday, 04/03/2020 3:56:57 AM

Friday, April 03, 2020 3:56:57 AM

Post# of 43555
Good read … Apr 02, 2020 (Stock Market Press via COMTEX) -- More states, such as Florida, issued coronavirus related stay-at-home orders yesterday (April 1, 2020). CBD is not a cure for COVID-19, but it offers relief from anxiety and stress by people who fear they, family or friends may contract it. As a result, we have seen CBD products show staying power in sales during the crisis -- selling online, in dispensaries and other licensed retailers deemed essential businesses by state and local authorities.

The global impact of the coronavirus has intensified coverage of companies that market CBD and other health-related products.

CBD Sales Spiked Prior To Shelter-In-Place Orders, But Its Staying Power Now Is Not As A Coronavirus Cure But As A Reducer Of Anxiety And Stress

CBD is not a cure or protocol for medically treating the coronavirus but its properties address key elements. It is known to offer anti-viral, anti-inflammatory and anti-bacterial properties. It also acts as an effective treatment for nausea and vomiting, which can be induced by the coronavirus in humans. Just as important, CBD can be a relaxant for anxiety and stress of home-bound people fearful of catching the virus. CBD sales spiked prior to shelter-in-place orders, but its staying power now is not as a coronavirus cure but as a reducer of anxiety and stress.

Nationwide online sales of CBD jumped 230% prior to the coronavirus quarantines and in California orders hit a record peak after Gov. Gavin Newsom issued his shelter-in-place order for the state, the Wall Street Journal reported, based on data from website Weedmaps. As more states mandate stay-at-home orders with only essential travel permitted (visits to groceries and pharmacies), several states have ruled that CBD dispensaries and licensing shops are essential and can remain open during the crisis. CBD sales spiked prior to shelter-in-place orders, but its staying power now is not as a coronavirus cure but as a reducer of anxiety and stress.

As a result, CBD is playing an important role in calming the nerves of shut-ins. The conclusion