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.
How to take a staycation this summer
Between running a start-up company and wrapping up his graduate degree, Pierre Huguet is too busy to take a vacation...
Public entities seek parking solutions
Parking has become a critical consideration for governmental entities throughout the country.
New Amgen cancer research stimulates biotech stock
Amgen's AMG 510 was a highlight at the 2019 American Society of Clinical Oncology meeting.
6 savvy summer travel solutions
These six travel solutions will make your summer all the more enjoyable.
How the Peer-to-Peer Car Sharing Insurance Act will affect the industry
Will this new law kill car sharing?