Five of the Most Popular Cannabis Stocks to Watch in 2019
PALM BEACH, Florida, May 28, 2019 /PRNewswire/ -- It's become tough to ignore the cannabis story. Over the last year, Canada approved its recreational use. More U.S. states are legalizing. Corporate America is using CBD and hemp oil in everything from lotions and pain balm to beverages. President Trump signed the 2018 Farm Bill into law. Congress has even submitted a cannabis bill that could legalize cannabis at the federal level. Even better, according to Arcview Market Researcher and BDS Analytics, global spending on cannabis is expected to rocket 38% this year to $16.9 billion up from $12.2 billion in 2018. Along the way, it's creating sizable sales opportunity for several companies, including The Yield Growth Corp. (CSE:BOSS) (OTC:BOSQF), Aleafia Health Inc. (TSX-V:ALEF) (OTC:ALEAF), The Green Organic Dutchman Holdings Ltd. (TSX:TGOD) (OTC:TGODF), Canopy Rivers Inc. (TSX-V:RIV)( OTC:CNPOF), and Charlotte's Web Holdings Inc. (CSE:CWEB) (OTC:CWBHF).
The Yield Growth Corp.(CSE:BOSS)(OTCQB:BOSQF) BREAKING NEWS: The Yield Growth Corp. just announced that its wholly owned subsidiary, Wright & Well, has developed a dedicated line of CBD products which are set to be manufactured in California this summer. The collection contains less than 0.3% THC, in compliance with the US Farm Bill for legal sale across the United States. The new Wright & Well CBD line includes CBD Full Spectrum Tinctures, Body Balm, Body Gel and Body Oil. Yield Growth approaches product development with uncompromising quality. The unique formulations of the balm, gel and oils are founded on Ayurvedic wellness principals, and include as a key ingredient Cannabis Sativa Root Extract, made using Yield Growth subsidiary Urban Juve's patent pending extraction technology.
The CBD products will be manufactured at an FDA registered laboratory and manufacturing facility in California which follows cGMP guidelines. Yield Growth is currently building a CBD product-specific B2C e-commerce website to take consumer orders, and a B2B portal to process retail orders as well. These orders will be routed through Yield Growth's existing enterprise resource planning system, which will then generate shipping orders to a fulfillment center in California. This development will be built using the underlying architecture of the recently launched fully functional e-commerce platform www.urbanjuve.com.