This is the CBD Industry's Biggest Catalyst for Long-term Growth
Major retail chains like CVS and Walgreens are expected to drive further CBD sales growth this year, according a The Brightfield Group. By year's end, the CBD industry is expected to become a $5 billion industry - a 700% year over year increase from 2018. The analysts also expect for the total U.S. CBD industry to be worth $23.7 billion in the next four years. The CBD market has been growing rapidly, but we will see unprecedented growth in 2019," Brightfield Managing Director, Bethany Gomez said. "The bulk of this growth is coming from large retailers like CVS, Walgreens, and Kroger entering the market and providing that availability to consumers." Other major retailers are jumping on board, as well, including Neiman Marcus, Sephora, Vitamin Shoppe, Kroger, Barney's, and DSW. That's opening a wide range of opportunity for companies including The Yield Growth Corp. (OTCQB: BOSQF) (CSE: BOSS), Canopy Growth Corporation (NYSE: CGC) (TSX: WEED), High Tide Inc. (OTCQB: HITIF) (CSE: HITI), SLANG Worldwide Inc. (OTCPK: SLGWF) (CSE: SLNG) and HEXO Corporation (NYSE: HEXO) (TSX: HEXO).
U.S. CBD Sales to Grow to $23.7 Billion in Just Five Years
Palm Beach, FL - July 16, 2019 – Cannabis has quickly become one of the fastest growing industries we've seen in quite some time. With Canada legalizing recreational cannabis in 2018, and a growing number of U.S. states approving its recreational and, or medicinal use, sales are just beginning to tick higher. However, within that industry, the CBD industry is just beginning to boom. In fact, a report from Brightfield Group says CBD sales could explode to - a five-year compound annual growth rate (CAGR) of 100%. "The bulk of this growth is coming from large retailers like CVS, Walgreens, and Kroger entering the market and providing that availability to consumers," says Brightfield Managing Director, Bethany Gomez. That's opening a wide range of opportunity for companies including (CSE:BOSS) (OTCQB:BOSQF), (CSE:SLNG)(OTCPK:SLGWF), (CSE:GTII)(OTCQX:GTBIF), (CSE:HARV)(OTCQX:HTHHF), and (CSE:OH)(OTCQX:ORHOF).
Cannabis Sticks to its Roots: Cannabis Companies Continue to Prioritize the Importance of "People"
Investorideas.com, a leading investor news resource covering hemp and cannabis stocks releases a snapshot looking at how, as the sector matures, companies are racing to snap up industry leaders to enhance their position in the marketplace.