These are the Biggest Catalysts for CBD in 2020
PALM BEACH, Florida, Oct. 8, 2019 /PRNewswire/ -- Investors would be hard-pressed to find an industry expected to nearly double in value over the next four years. The Brightfield Group says CBD could grow to into a $23.7 billion a year industry in the U.S. by 2023 – a CAGR of 100%. Better, consumers are clamoring for CBD products, as retailers race to keep product on shelves. Even Congress has introduced several new cannabis bills. Presidential candidates are even promising legalization. And many more U.S. states could soon legalize its use. At the moment, 33 U.S. states have legalized its medicinal use. Eleven states approved it recreationally. Another nine states are now on track to hold key votes on legalization by 2020, including Arizona, Florida, and New Jersey. That's opening a wide range of opportunity for companies including The Yield Growth Corp. (CSE:BOSS) (OTCQB:BOSQF), Aphria Inc. (NYSE:APHA) (TSX:APHA), Charlotte's Web Holdings Inc. (CSE:CWEB) (OTCQX:CWBHF), and Canopy Growth Corporation (TSX:WEED) (NYSE:CGC), and OrganiGram Holdings Inc. (TSX-V:OGI) (NASDAQ:OGI).
The Yield Growth Corp. (CSE:BOSS)(OTCQB:BOSQF) BREAKING NEWS: The Yield Growth Corp. just announced that the Urban Juve Skin Awakening Anti-Aging Serum was just featured in the November 2019 issue of Vanity Fair UK on shelves now. The feature follows featured content in British Vogue and Elle Canada. The Skin Awakening Anti-Aging Serum is one of Urban Juve's most popular products. Inspired by Ayurveda, an ancient mind-body-spirit healing system, the serum deeply nourishes and rejuvenates skin. Like all Urban Juve products, it's made with clean, natural ingredients. "Sea buckthorn oil is rich in minerals, antioxidants, fatty acids and plant sterols that help to nourish the skin," says Bhavna Solecki, Director of Product Development for Urban Juve. "Hemp root oil, which we derive from the cannabis plant, and helps boost transdermal absorption. This serum helps smooths fine lines and prevents the signs of aging and the plant-derived hyaluronic acid makes skin more visibly plump and hydrated." Poised to gain market shares in a potential $25 billion CBD market, Yield Growth has quickly expanded its Urban Juve hemp powered luxury skin care line throughout Canada, the U.S., South America, and is expected to launch its full line of products in Europe within a few months. In addition, Yield Growth will launch a full line of CBD and THC topical products under the Wright & Well brand in the U.S. this month.