CBD Market Set for Huge Growth
NEW YORK, May 31, 2018 /PRNewswire/ --
CannabisNewsWire Editorial Coverage
In a fragile economic world, industries with significant growth forecast are certain to catch the eye of savvy investors looking for just the right place to be. Recent reports indicate that the cannabidiol (CBD) market is estimated to grow by 700 percent by 2020, and a report by market intelligence firm Hemp Business Journal projects that the CBD market will grow to $2.1 billion by 2020 (http://cnw.fm/7iczS), an astronomical jump in value compared to last year's CBD market of $202 million. This news bodes well for hemp-focused companies such as Marijuana Company of America (OTC:MCOA) (MCOA Profile), whose hempSMART™ brand will be among the first CBD products to be marketed on a mass national TV commercial. Growth in hemp-based products is only a piece of the cannabis industry puzzle. The entire legal cannabis industry is expected to hit $57 billion by 2027, with recreational marijuana use making up 67 percent of that and medical marijuana use taking up the remaining 33 percent. Other companies positioning themselves to take advantage of this incredible growth include AbbVie, Inc. (NYSE:ABBV), CV Sciences, Inc. (OTC:CVSI), KushCo Holdings, Inc. (OTC:KSHB), and Aurora Cannabis, Inc (OTC:ACBFF).
Capitalizing on the Power of CBD
Studies show that cannabidiol (CBD) possesses an array of therapeutic benefits, including antioxidant and neuroprotective properties. One of more than 85 cannabinoids identified in marijuana and hemp, CBD is typically used for health reasons and, unlike the more widely recognized compound tetrahydrocannabinol (THC), is not psychoactive, meaning it doesn't cause a high. CBD products can be derived from industrial hemp plants or marijuana plants.
Marijuana Company of America (OTC:MCOA), an industrial hemp company, has capitalized on the power of CBD through its product research and development of legal hemp-based consumer products under the hempSMART brand, which targets general health and well-being. The products, which include drops and creams, are formulated to produce the finest botanical supplements on the market, derived from industrial hemp containing CBD compounds that help support the bodies endocannabinoid system.
|Diskussion: Diskussion zu Aurora Cannabis Inc|
|Diskussion: Aurora Cannabis einfach TOP !!!|