CBD Market Could be Worth as Much as $100 Billion
PALM BEACH, Florida, June 19, 2019 /PRNewswire/ -- Cannabis wellness products have gone mainstream. As CBD products find their way onto the shelves of Sephora, Barney's, Estee Lauder, Vitamin Shoppe, and Ulta Beauty, analysts believe the trend could be a significant catalyst. In fact, given sizable interest, Piper Jaffray believes the CBD market could be worth up to $100 billion. That's opening a wide range of opportunity for companies including The Yield Growth Corp. (CSE:BOSS) (OTC:BOSQF), Green Growth Brands Inc. (CSE:GGB)(OTC:GGBXF), The Green Organic Dutchman Holdings Ltd. (TSX:TGOD)(OTC:TGODF), Charlotte's Web Holdings Inc. (CSE:CWEB)(OTC:CWBHF), and SLANG Worldwide Inc. (CSE:SLNG)(OTC:SLGWF).
The Yield Growth Corp. (CSE:BOSS)(OTCQB:BOSQF) BREAKING NEWS: The Yield Growth Corp. just announced that the Oregon Liquor Control Commission (OLCC) has given final packaging approval for 6 Wright & Well cannabis topicals and tinctures to be distributed in Oregon, in the United States. This approval represents the final approval before the products can be sold through cannabis retailers in Oregon. OLCC approval of 3 additional Wright & Well products is expected shortly. The initial 6 approved Wright & Well products are Be Chill Tincture (THC: Purple Hindu Kush, CBD: hemp source), Be BetterCBD Tincture (CBD: hemp source), Be BetterCBD Extra Strength Tincture (CBD: hemp source), Be RelievedPain Gel (THC: Purple Hindu Kush, CBD: hemp source), Be Free Pain Balm (THC: Purple Hindu Kush, CBD: hemp source), and Be LovedMassage Oil (THC: Purple Hindu Kush, CBD: hemp source)
"The OLCC packaging approval is one of the most rigorous processes to complete before products can be legally manufactured and sold in Oregon," says Penny Green, CEO of Yield Growth. "Now that we have successfully completed the process, we have cleared the final hurdle, and we expect manufacturing to be complete in early July, and sales to begin in mid-July." The products will be distributed in Oregon by Nova Paths, an Oregon-based cannabis licensed distributor that has established relationships with over 400 licensed cannabis retail stores. Targeted towards wellness-minded consumers, the products incorporate the highest quality CBD, THC, hemp root oil and terpenes to support a healthy lifestyle. For more information on BOSS, please visit: https://yieldgrowth.com/
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