Positive Health Effects Key as CBD Continues to Garner Attention

NEW YORK, January 22, 2019 /PRNewswire/ --

FinancialBuzz.com News Commentary  

Cannabidiol, or CBD, has become increasingly popular due to its therapeutic and relaxing effects. CBD is the non-psychoactive component of cannabis and is widely being used to treat medical conditions such as epilepsy and arthritis without feeling the effects associated with THC. It also doesn't matter if CBD is being used for medical or recreational purposes, as there is a large demand overall. According to data compiled by Brightfield Group, the U.S. CBD market is expected to reach USD 22 Billion by 2022, outpacing the rest of the cannabis market combined. The market is expected to grow due to the versatile uses of the derivative, as CBD is commonly used for medical applications, health and wellness, beauty or simply just a relaxation stimulant. Weekend Unlimited Inc. (OTC: WKULF), Auxly Cannabis Group Inc. (OTC: CBWTF), Golden Leaf Holdings Ltd. (OTC: GLDFF), Puration, Inc (OTC: PURA), Medical Marijuana, Inc. (OTC: MJNA)

CBD is also growing in adoption among athletes within sports. Many are using CBD over other pain relievers such as ibuprofen or opioids. While these over-the-counter pain relievers may help with pain relief and reduce inflammation, they pose risks in the form of many side effects. However, unlike those pain relievers, CBD is not linked to similar deteriorating effects. Athletes are also eligible to use CBD as a treatment after The World Anti-Doping Agency and US Anti-Doping Agency removed it from its prohibited substances and methods list. "CBD is the next healthcare phenomenon. It is so effective for so many conditions, is natural, non-psychoactive and has no known serious side effects. It is the next hot, functional ingredient beauty ingredient, like collagen, shea butter or aloe," said Bethany Gomez, Managing Director at Brightfield Group.

Weekend Unlimited Inc. (OTC: WKULF) also listed on the Canadian Securities Exchange under the ticker (CSE: YOLO). Just early this morning the company announced breaking news that, "through one of its subsidiaries, Weekend Unlimited Washington LLC, announces the signing of an arms-length letter of intent to provide processing and distribution facilities to Boggy Boon branded cannabis company Seven Hills, with an option to acquire Seven Hills.