CORRECTION: CBD Market Could Outpace Entire Marijuana Market
PALM BEACH, Florida, Feb. 7, 2019 /PRNewswire/ -- In the horse race to revenues, it seems that CBD infused products market may outpace the cannabis market, with the passage of the 2018 Farm Bill kicking it ahead across the finish line! A report from a cannabis industry analyst, as reported in The Rolling Stone magazine, says: "For years, experts have predicted that if the cannabis industry expands at its current rate, the American market will reach $20 billion 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 alone could hit $22 billion by 2022." In fact the Rolling Stone sub-headline sums it up the reason why: "Looking forward to relaxed hemp regulations, a new analysis estimates that the CBD market could explode — and outpace marijuana.". Previously, CBD products have been available mostly in head shops, with a few doctors recommending it for various maladies. But in 2017 and 2018, the products spread to natural food stores, beauty aisles, cafés and doctors offices. So far the industry is on track to hit $591 million in 2018, and thanks to a number of factors — including, surprisingly, Senate Majority Leader Mitch McConnell — that could increase 40 times in the next four years." Active companies in the markets this week include The Yield Growth Corp. (BOSS) (BOSQF), Harvest One Cannabis Inc. (TSX-V: HVT.V) (OTCQX: HRVOF).
"According to the (Brightfield's) projections, there would be increases in just about every sector that sells CBD — from dispensaries to smoke shops to medical companies. But perhaps the biggest push, according to Gomez, would be from big-box retailers and national chains who have been eager to get in on the lifestyle craze but have felt stifled by the (older )regulations (that have been replaced by the passage of The 2018 Farm Bill."
The Yield Growth Corp. (BOSS) (BOSQF) BREAKING NEWS: Yield Growth Corp is pleased to announced that its e-commerce platform will now sell its Urban Juve cannabis Sativa hemp root oil-based products in the United States thanks to the adoption of the 2017 U.S. Farm Bill.
Urban Juve products are now available for sale in the U.S. via the site www.urbanjuve.com. In addition, the company has plans to sell its products through U.S. retailers such as pharmacies, naturopaths, clinics, salons, spas, wellness and beauty stores.
"U.S. distribution is a cornerstone of our sales strategy for all our brands. Already we have a deal in place to sell our THC and CBD infused products through a 400 retail distribution network in Oregon, and now we have launched U.S. e-commerce sales for our Urban Juve products," says Yield Growth CEO Penny Green, "Our next step is to set up sales agents in California to access the world's largest cannabis market." Read this and more news for The Yield Growth Corp. at: https://www.financialnewsmedia.com/news-boss
Correction content to follow from a release issue earlier:
Harvest One Cannabis Inc. (TSX-V: HVT.V) (OTCQX: HRVOF) recently announced that its wholly-owned medical subsidiary Satipharm Ltd. ("Satipharm") has launched European sales of its recently reformulated CBD capsules, now available online at www.satipharm.com. The first product to market is the Satipharm 10mg CBD Gelpell® capsule that provides superior bioavailability and quality. Bricks and mortar distribution of the 10mg CBD Gelpell® capsules will follow with major retailers throughout the United Kingdom and European Union, with Canadian distribution to follow.
"We are delighted with the launch of Satipharm's new website and eCommerce platform, making our clinically proven CBD Gelpell® capsules available to consumers across Europe," said Jonathan Hartshorn, President of Satipharm. "With our focus on consumer education, GMP certified products, and superior bioavailability, we feel strongly that consumers will adopt Satipharm's CBD Gelpell® capsules as the product of choice for CBD delivery in the marketplace."
Harvest One is a global cannabis company that develops and provides innovative lifestyle and wellness products to consumers and patients in regulated markets around the world. The Company's range of lifestyle solutions is designed to enhance quality of life. Shareholders have significant exposure to the entire cannabis value chain through three wholly-owned subsidiaries: United Greeneries, a Licensed Producer; Satipharm (medical and nutraceutical); and Dream Water Global (consumer), and a minority interest in Burb Cannabis (retail operations). For more information, please visit www.harvestone.com.
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