The CBD retail boom is upon us.
As cannabis-infused products find their way onto the shelves of major retailers, analysts believe the trend provide a significant catalyst.
"We have seen a high level of interest in cannabis beauty from retailers over the past month based on our store checks and incremental launches. We expect further retailer developments in the coming months," noted analysts at Piper Jaffray, as quoted by CNBC.
In fact, Piper Jaffray believes the CBD market alone could be worth up to $100 billion.
"Experts believe CBD consumer sales could reach $2 billion by 2022," said Nik Modi, an analyst with RBC Capital Markets, as quoted by CSP Daily News.
All as people around the world wake up to the health benefits of cannabis, including the treatment of insomnia, stress, anxiety, pain, and even chronic issues.
Some of the companies that are already benefiting from the story interest include The Yield Growth Corporation (CSE:BOSS)(OTCQB:BOSQF), Charlotte’s Web Holdings Inc. (CN:CWEB)(OTC:CWBHF), and Green Growth Brands Inc. (CSE:GGB)(OTC:GGBXF).
The Yield Growth Corporation’s (BOSS)(BOSQF) just entered into a formal retailer relationship with Healthy Planet, an Ontario holistic wellness company with 24 Ontario, Canada shops, to sell Urban Juve’s Ayurveda-inspired skin care products by April 2019.
With the addition of Healthy Planet Canada, Yield Growth has now secured more than 60 retail locations to sell its Urban Juve product line.
“We were instantly intrigued by the Urban Juve brand for its unique use of the root of the hemp plant in its Ayurvedic formulas, and believe strongly in the quality of this new Canadian company’s products and are confident that our clientele will enjoy the benefits of the Urban Juve serums, balms and more,” says Healthy Planet Director of Sales and Marketing Syed Rizvi.
For More Information on The Yield Growth Corporation, Click Here.
Charlotte’s Web Holdings Inc. (CWEB)(CWBHF) could soon pursue a listing on a major U.S. exchange now that the U.S. Farm Bill has passed, as noted by Bloomberg. The company also just reported that its 2018 harvested hemp results produced 10 times growth in harvested hemp compared to 2017.
"Charlotte’s Web is one of only a few hemp CBD producers capable of supplying large volumes of high-quality hemp extract from its own supply chain that can meet significantly increasing market demand. As the category and brand leader, our goal is to increase our market share and with this bountiful harvest we are able to satisfy our customer demands for 2019 and beyond," noted Hess Moallem, President and CEO.
For More Information on Charlotte’s Web Holdings Inc., Click Here.
Green Growth Brands Inc. (GGB)(GGBXF) is marketing its CBD personal care products under its Seventh Sense Brand. It also just opened its first Seventh Sense CBD shop in Kentucky, where it is selling botanical therapy CBD-infused personal care and beauty products, including a CBD-infused body lotion, muscle balm, body wash, bath salts, a sugar scrub, a bath bomb, lip balm, and face oil.
However, this is just the start for GGB, which is looking to launch stores in malls across America, signing prime lease agreements throughout the U.S. In fact, it just recently entered into an agreement to gain access to 108 prime shop locations operated by Simon Property Group.
For More Information on Green Growth Brands Inc., Click Here.
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