The cannabis industry is undergoing rapid growth, and retailers are popping up left and right as it continues to expand. Other than its growth, the industry is also becoming a key player in the stock market. The market is projected to grow by 700 percent by 2020 and investors are beginning to take notice of its potential.
Furthermore, the legalization of marijuana has also steadily pushed the demand for cannabis. Research suggests that the use of medicinal cannabis increased in states where it was legalized. For brokers and investors, this means cannabidiol (CBD) stocks are gearing up for a lot of demands as well.
Back in 2016, investors were already seeking high returns for investing in CBD and other hemp products. The CBD industry may not have looked a big market then—but it was a time when there were few companies who specialized in the field. Many CBD stocks are now starting to pique the interest of investors. Some of the top names in the CBD industry include AbbVie, Inc., The Scotts Miracle-Gro Company, Corbus Pharmaceuticals Holdings, Inc. and INSYS Therapeutics, Inc.
These stocks have shown some dramatic ups and downs in recent years—nevertheless, the payoff for investors were good. Like most stocks, some CBD shares are unpredictable and undergo highs and lows within a year. The Scotts Miracle-Gro Company shares, for instance, dropped sharply in June 2017 before reaching an all-time high last month.
Other key players in the industry have showcased progressive growth in the past year. PotNetwork Holding, Inc. (OTCMKTS:POTN), with its wholly-owned subsidiary, Diamond CBD, made record sales in 2017, with approximately $14.5 million in revenues.
Because of PotNetwork’s success, equity research firm SeeThruEquity also recently announced that it is raising the company’s share target price to $1.25. Their impressive growth last year continues this 2018, reporting record-breaking sales of $2.19 million in January alone. The company strives to give more traction to the distribution and development of CBD.
CBD market driven by health benefits
The CBD market alone is set to surpass $3 billion by 2020, thanks to the increasing popularity of the compound’s health benefits. With many companies emerging from this sector to fulfill the increasing demand, PotNetwork Holding ensures its ongoing success through a tradition of excellence. It ensures top-grade processing and a production of a wide array of CBD-based products.
Diamond CBD oils are extracted from 100 percent lab-tested hemp, and these remain to be among the most concentrated forms of CBD available. Diamond CBD Unflavored Hemp Oil, for instance, contains seven times more CBD as compared to other oils in the market.
The subsidiary is able to distribute products to customers all over the United States. With PotNetwork Holding establishing international connections, the CBD distributor could soon gain a global audience, riding the CBD market’s boom.
(Featured image via DepositPhotos)
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
What 2019 possibly holds for the top tech stocks
2018 was a wild ride for tech stocks. Here’s how they are likely to perform according to predictions from experts.
Here’s how you can improve your hotel service
It's one thing to review comments from your guests, but it's another thing to thoughtfully listen to their suggestions to...
5 major things to look for when buying your first home
Save yourself from the headache of buying a house with these helpful tips such as looking for hidden issues, and...
4 ways mobile technology can boost your business
Mobile technology has changed the way people do business, as well as the consumer habits. Here's how it helps you...
How farmers are handling the rising costs of equipment
American farmers are hit hard by the demands of rising competition, land costs and advancements in equipment. Balancing the need...
Featured3 days ago
CEOs Fishkin and Ramsay: From financial burdens to million-dollar companies
Destinations3 days ago
Millennials with money escape to Mexico’s Bohemian luxury
Business4 days ago
Disney continues quest to buy Fox, Brazilian regulators raise concerns
Business5 days ago
GlaxoSmithKline to acquire Tesaro to strengthen pharmaceuticals business
Sponsored3 days ago
The Alkaline Water Co. begins trading on NASDAQ today
Sponsored2 days ago
Cannabis retailer Choom secures leadership position with Ontario expansion
Business4 days ago
IoT and LaaS mean stronger growth for LED market
Crowdfunding4 days ago
Why female and minority founders should look to crowdfunding