Business
The CBD Wave is Coming: How Companies are Prepared to Meet Market Demand
The CBD Wave is Coming: How Companies are Prepared to Meet Market Demand.
About this update from American Premium Water Corporation
[{"type":"text","content":"\nPOINT ROBERTS, Wash., March 28, 2019 (GLOBE NEWSWIRE) -- Investorideas.com, a leading investor news resource covering hemp and cannabis stocks releases a snapshot focusing on the rise of CBD within the overall cannabis market in the US and internationally, and how companies are preparing to deal with this explosive market.\n With the passing of the 2018 Farm Bill in the US, CBD represents a developing sector with many vendors now seeking national reach to US customers. The rise in popularity for CBD products is driven by consumers seeking natural-based health & wellness solutions to treat various ailments; from inflammation, to anxiety and insomnia amongst many others. As a result, the hemp-derived CBD market has been estimated to reach US $22 billion by 2022. One of the larger companies in the CBD space, Village Farms International, Inc. (TSX: VFF) (NASDAQ: VFF) recently applauded the actions of the Texas Department of Health and Human Services in de-scheduling hemp, including its cannabinoids (except for delta-9 tetrahydrocannabinol (THC)) in compliance with the 2018 Farm Act and Texas law. Under Texas law, the removal of hemp from the controlled substances schedule will be effective on April 5, 2019, 21 days after the schedule's publication. Texas still must pass a hemp bill to enable the creation of a State Hemp Plan under the 2018 Farm Act and develop a thoughtful regulatory regime to support the hemp industry and protect consumers. With more CBD markets opening up, American Premium Water Corporation (OTC: HIPH), a diversified luxury consumer products company focused on businesses in the health and beauty and biotech sectors, recently announced that it has engaged A&R Opportunity to manage and fund a national sales team based out of Northeast Ohio that will help market and sell the Company’s products nationwide. The arrangement was necessitated by overwhelming demand for the Company’s products, including its LALPINA CBD beverage and CBD topical products from its most recent acquisition of plant + body essentials.               CEO of American Premium Water Corporation, Ryan Fishoff commented, \"I am pleased to announce we have engaged with A&R to help oversee the Company’s national sales strategy. The inbound demand has been ove...