Could Sales of CBD Infused Products Actually Surpass Legal Cannabis Sales

PALM BEACH, Florida, September 13, 2018 /PRNewswire/ --

MarketNewsUpdates.com News Commentary 

Consumers today interested in Cannabis Based and CBD infused products are being greeted by an explosion of new product innovations that can be purchased through many different individual products ranging from healthcare & medical products, pet products, beverage and edibles products and good ole fashion marijuana. According to a new report released today by the Brightfield Group, the hemp-derived CBD market alone will reach sales of $22 billion by 2022, outpacing cannabis sales, and surging from $591 million in 2018 -- that's a five-year CAGR of 132 percent. In some areas of the U.S. and Canada, natural organic food stores are expecting to not be able to keep cannabis based and CBD on the shelves and CBD can now even be found at massage spas, gyms, and through an growing number of direct sellers. But where the large-scale growth is expected over the next five years could actually be through mass market retailers. Active cannabis companies in the markets this week include Integrated Cannabis Company, Inc. (CSE:ICAN) (OTC:ICNAF), Namaste Technologies Inc. (OTC:NXTTF) (TSX-V:N), Friday Night Inc. (CSE:TGIF) (OTC:TGIFF), Ascent Industries Corp. (CSE:ASNT) (OTC:PGTMF), International Cannabrands Inc. (CSE:JUJU-A) (OTC:GEATF).

Integrated Cannabis Company, Inc. (CSE:ICAN) (OTCQB:ICNAF) BREAKING NEWS: Integrated Cannabis Company is pleased to announce the completion of a market ready Tetrahydrocannabinol (THC)-infused spray product and the required licensure for manufacturing of the product in Colorado.  

Over the past ten months the Company has engaged and worked with contractors, consultants and various state and municipal regulators in order to successfully gain licensing and approvals for facilities that manufacture CBD- and THC-infused products in the State of Colorado.

The THC product employs the same nanotechnology used to enhance the CBD-infused X-SPRAYS™, resulting in higher bioavailability and faster uptake versus capsules or powder.  The Company continues to enhance the flavor profiles in order to find an optimal formula.

"We are pleased to be adding THC products to our proprietary line of sprays and plan to launch via distribution in Colorado beginning in Q4 and shall pursue other legal markets thereafter," said Mr. John Knapp, CEO of Integrated Cannabis.