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CORRECTION: CBD Market Could Outpace Entire Marijuana Market
CORRECTION: CBD Market Could Outpace Entire Marijuana Market Financialnewsmedia.co...
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[{"type":"text","content":"\n\n\n\n\nCORRECTION: CBD Market Could Outpace Entire Marijuana Market\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nFinancialnewsmedia.com News Commentary\nCanada NewsWire\nPALM BEACH, Florida, Feb. 7, 2019\n\n\n\nPALM BEACH, Florida, Feb. 7, 2019 /CNW/ -- In the horse race to revenues, it seems that CBD infused products market may outpace the cannabis market, with the passage of the 2018 Farm Bill kicking it ahead across the finish line! A report from a cannabis industry analyst, as reported in The Rolling Stone magazine, says: \"For years, experts have predicted that if the cannabis industry expands at its current rate, the American market will reach $20 billion by 2020. But it turns out that one market is spinning off into a mega-industry of its own: according to a new estimate from cannabis industry analysts the Brightfield Group, the hemp-CBD market alone could hit $22 billion by 2022.\" In fact the Rolling Stone sub-headline sums it up the reason why: \"Looking forward to relaxed hemp regulations, a new analysis estimates that the CBD market could explode — and outpace marijuana.\". Previously, CBD products have been available mostly in head shops, with a few doctors recommending it for various maladies. But in 2017 and 2018, the products spread to natural food stores, beauty aisles, cafés and doctors offices. So far the industry is on track to hit $591 million in 2018, and thanks to a number of factors — including, surprisingly, Senate Majority Leader Mitch McConnell — that could increase 40 times in the next four years.\"   Active companies in the markets this week include The Yield Growth Corp. (BOSS) (BOSQF), Harvest One Cannabis Inc. (TSX-V: HVT.V) (OTCQX: HRVOF).\n\"According to the (Brightfield's) projections, there would be increases in just about every sector that sells CBD — from dispensaries to smoke shops to medical companies. But perhaps the biggest push, according to Gomez, would be from big-box retailers and national chains who have been eager to get in on the lifestyle craze bu...