Increasing Growth, Acceptance Move CBD Market Toward Mainstream

CannabisNewsWire Editorial Coverage

DENVER, April 9, 2019 /PRNewswire/ -- The CBD market is seeing strong growth and a move towards the mainstream.

• The North American CBD market, worth more than $9 billion in 2017, is projected to be worth $47 billion by 2027.
• Growth is possible partly through mainstream acceptance, with pressure on a variety of institutions to accept medical CBD.
• Leaders are emerging within the CBD and cannabis markets, as leading voices gain recognition for their work.

Wildflower Brands Inc. (OTC:WLDFF) (CSE:SUN) (WLDFF Profile), which focuses on health and wellness products, is benefiting from this growth through the establishment of strong distribution deals. Focused on the organic market, Green Organic Dutchman (OTC:TGODF) (TSX:TGOD) has significantly increased its output to meet demand. Aurora Cannabis Inc. (NYSE:ACB) (TSX:ACB) has earned its CEO industry-wide recognition through strong growth and a powerful place as a market leader. HEXO Corp. (NYSE:HEXO) (TSX:HEXO) is pushing CBD and cannabis toward the mainstream through connections with food and consumer product companies. Significant developments in science and agriculture, where Charlotte's Web Holdings Inc. (OTC:CWBHF)(CSE:CWEB) is making great steps forward in developing low-cost high-quality hemp, is also strengthening the plant.

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Growing Goodness

The CBD market has seen huge growth over the past few years, appearing out of nowhere to become an industry worth billions of dollars. This growth has been driven in large part by CBD's potential for health and well-being, a subject that many researchers are busy exploring. Companies have leapt upon the opportunity to offer consumers the benefits associated with cannabis without some of the other issues regularly linked with the drug, including getting users high.

If the past few years have been fruitful, the future looks even brighter for CBD. Soaring sales, growing acceptance within mainstream sports, and the recognized influence of some of the major players within the broader cannabis industry all point to positive movement forward for CBD. And as companies overcome the challenges offered by distributing a previously obscure product to a broad market, the industry looks set to soar.