Cannabidiol - CBD Products Market Revenue Projections Dramatically Higher Than Just 1 Year ago

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

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The Brightfield group reported the hemp-derived CBD market is project to exceed $500 million this year and it may even grow 40 times to $22 billion by 2022, if and when the 2018 Farm Bill passes full legislation. The rapid growth will be supported by an anticipated explosion in distribution channels for these products in the next few years; chain retailers are expected to enter the market as soon as 2019. A RollingStone recent article stated, "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, cafes 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 Cannabis market this week include Cannabis Strategic Ventures, Inc. (OTC:NUGS), MariMed Inc. (OTCQB:MRMD), Freedom Leaf Inc. (OTCQB:FRLF), mCig, Inc. (OTCQB:MCIG), Liberty Health Sciences Inc. (CSE:LHS.CN) (OTCQX:LHSIF).

Cannabis Strategic Ventures, Inc. (OTCPK:NUGS) BREAKING NEWS: FITAMINS, a wholly owned subsidiary of Cannabis Strategic Venture announced today that Art 'One Glove' Jimmerson, former professional boxer and Mixed Martial Arts fighter, Ultimate Fighting Championship Pioneer and coach, has partnered as a brand Ambassador FITAMINS. FITAMINS is a proprietary health and wellness formula containing 25 mg of Hemp-derived THC-free Cannabidiol (CBD) and other joint supporting vitamins that work to improve health and relieve joint and muscle pain, encouraging movement and flexibility.

"Having a UFC pioneer like Art 'One Glove' Jimmerson join the FITAMINS family highlights a growing trend among athletes who are discovering the natural benefits of hemp derived CBD products," said Simon Yu, CEO, Cannabis Strategic Ventures. "More and more athletes who participate in one of the many sports regulated by the World Anti-Doping Agency (WADA) and other professional leagues worldwide are now incorporating hemp derived CBD into their training regimen without concerns for doping."