NetworkNewsWire Editorial Coverage: With the rapid growth of the legal American cannabis market, other cannabidiol (CBD)-based products are often overlooked. In particular, hemp has the opportunity to reach medical and nutritional customers that cannabis can’t, and ChineseInvestors.com (CIIX) (CIIX Profile) is tapping into that market. With the potential to provide similar benefits without the same restrictions, hemp products can be sold in markets such as China, where cannabis remains illegal. It’s a part of the market that CBD industry leaders such as Freedom Leaf, Inc. (FRLF) are also catering to, with marketing and media products for hemp companies. Medical Marijuana, Inc. (MJNA), America’s first publicly traded cannabis company, is carrying its CBD business beyond the United States and across the Americas, while CV Sciences, Inc. (CVSI) combines scientific research with a consumer products division to bring innovative CBD products to the market. At the farming end of the supply chain, Terra Tech Corp. (TRTC) provides advanced agricultural solutions and new, better strains of cannabis for a growing market.
The Growing Cannabidiol Market
The market for legal marijuana is growing at an ever-accelerating rate. Recent research by Arcview Market Research and BDS Analytics indicates that sales in North America reached almost $10 billion in 2017 and are expected to reach $24.5 billion by 2021 as more markets are created for both medical and recreational use. But this is still a sector threatened by great uncertainties and…
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Source: NetworkNewsWire (February 8, 2018 – 9:00 AM EST)