CBD Sourced From U.S. Grown Hemp 2020 Sales Outlook Remains Bright
Research projections by Brightfield Group for CBD have it reaching $20 billion by 2024. The coronavirus global impact on hemp may be felt throughout Asia, but CBD companies that carefully use American USDA and state regulated hemp-based products grown domestically are on track to meet projected volume levels. Overall economy impact of the coronavirus on travel, finance, cars and other sectors remain in question, but American-based and regulated hemp-sourced CBD should be free of that and generally meet sales objectives.
The CBD market has drawn such intense interest that media companies such as stockmarketpress.com features specialized coverage of CBD related stocks such as CBD Unlimited, Inc. (OTC PINK: EDXC), Canopy Growth Corp. (NYSE: CGC), New Age Beverages Corp. (NASDAQ: NBEV), GW Pharmaceuticals PLC (NASDAQ: GWPH), Neptune Wellness Solutions Inc. (NASDAQ: NEPT) (TSX: NEPT). Aurora Cannabis Inc. (NYSE:ACB) (TSX: ACB), Supreme Cannabis Co. (OTC: SPRWF) and OrganiGram Holdings Inc. (NASDAQ: OGI).
CBD Sourced From U.S. Grown Hemp 2020 Sales Outlook Remains Bright
CBD Unlimited, Inc. (OTC PINK: EDXC) manufactures CBD products from hemp grown in Colorado and Kentucky under USDA and state regulations ensuring quality. The company’s CBD hemp product has premium genetics and superior quality. The extracts are rich in phyto-cannabinoids and terpenoids that are non-psychoactive, the company’s Corporate Presentation reports. CBD sourced from U.S. grown hemp 2020 sales outlook remains bright.
CBD Unlimited, Inc. (OTC PINK: EDXC) ensures product quality with its seed-to-shelf strategy that enables the company to have complete control over processing the American-grown hemp and marketing of the multiple product lines in an effective omni-channel focus. Whether online, through social media, in pharmacies, on greater than 5,000 mass market shelves or via freestanding high tech kiosks, CBD Unlimited, Inc. (OTC PINK: EDXC) offers its CBD products wherever consumers wish to buy them. CBD sourced from U.S. grown hemp 2020 sales outlook remains bright.
CBD Unlimited, Inc. (OTC PINK: EDXC) Reads The Market Well With Multi-Channel Campaign
The multi-channel campaign, such as the one CBD Unlimited, Inc. (OTC PINK: EDXC) employs to reach consumers, is adopted to the quick changing and fast-growing CBD marketing world.
As the market expands worldwide, CBD is in uncharted territory. Domestically, it is growing, going mainstream and available on an increasing number of mass market shelves. CBD Unlimited, Inc. (OTC PINK: EDXC) exceeded its goals for 2019 and placed product on greater than 5,000+ mass market shelves, including pharmacies. As consumers saw CBD brand in more locations — mass market and fine stores in malls — they are curious about its use.
First, they want to try it in skincare and beauty. Then they may progress to foods, drinks and perhaps even CBD for their pets. CBD Unlimited, Inc. (OTC PINK: EDXC) was early to see the CBD market for pets, such as horses and dogs. Now the pet CBD market is projected to reach $1.7 billion by 2023, the Brightfield Group says.
CBD is being seen more regularly in fine department stores, specialty shops and its sales are promoted online and social media sites. So despite the research, no one really knows how large its market can be because no one foresaw its widespread acceptance. Who could have imagined its role as a wellness and skincare basic, a beauty accessory and positioning as a must-have for travelers.
Source: Stock Market Press
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