Whether this is the right company or not, you definitely are investing in the right industry. Hopefully it's a rising tide and UBQU is one of the boats. Not the Titanic.
Cannabis Companies Ramp Up Diversified Product Development as CBD Industry Explodes Beyond Expectations
8:30 am ET October 25, 2018 (PR Newswire) Print
Financialnewsmedia.com News Commentary
For some time now, experts have predicted that if the cannabis industry expands at its current rate, the U.S. market alone will reach $20 Billion in revenues by 2020. But it turns out that one market is spinning off into a mega-industry of its own: according to a new estimate from cannabis industry analysts the Brightfield Group, the hemp-CBD market by itself could hit $22 billion by 2022. CBD, a non-psychoactive cannabinoid found in cannabis, has had a steady in popularity over the past couple of years and has jumped well beyond many expectations. Hemp-derived CBD is included in most products nowadays, including edibles and even treats for pets. Where it's legal to do so, athletes use CBD oil for pain relief after a rough day at training, pet owners give CBD treats to their dogs and cats for de-stressing, and people take a swig of CBD-infused drinks for a quick energy boost. Active cannabis companies in the markets this week include PotNetwork Holdings, Inc. (OTC:POTN), Pyramidion Technology Group, Inc. (OTC:PYTG), Sipp Industries, Inc. (OTC:SIPC), Puration, Inc. (OTC:PURA), Namaste Technologies Inc. (TSX-V:N) (OTC:NXTTF).
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