Some claim Doc has missed the CBD boom but i respe
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Posted On: 05/04/2021 6:10:47 AM
Some claim Doc has missed the CBD boom but i respectfully disagree Doc hasn't missed the boom as they say he's getting ready now to lead the way the market has settled now people have went through the duds and are starting to invest in Companies with the correct leadership who can see past there nose read this.
I could list you a bunch of DD that would wake you up an i might do it today if i find some free time.
Your Not so Typical Farm Bill Sparks a Red Hot Legal Cannabis Industry
It’s not everyday the government passes legislation that paves way for a multi-billion dollar industry… But that’s exactly what the 2018 Farm Bill did.
For decades, federal law did not differentiate “hemp” from marijuana; but the 2018 Farm Bill radically changed that. For the first time ever, hemp is no longer looped in with other cannabis plants in the eyes of the law.[1]
The Farm Bill served to define, legalize, and protect hemp… So let’s get the legal definition straight between hemp and marijuana.
In order for a product to be classified as “hemp” and not marijuana, it must contain less than 0.3% THC — the compound in marijuana that produces a high.[2]
Hemp with less than 0.3% THC produces no psychoactive effect, but it still provides powerful pain and stress relieving properties, similar to that of medical marijuana.
As long as hemp derived products are produced in accordance with the law, there are no federal restrictions on the sale, transport, or possession of hemp.[3]
The 2018 Farm Bill catapulted hemp into the spotlight, and ignited a promising new industry still in its infancy state… hemp derived CBD.
Thousands of CBD Companies are Flocking to Meet Rising Demand, but there’s Only One Clear Winner Amongst Them
Due to it’s pain relieving, calming, and stress & anxiety reducing effects — not to mention it’s legality — CBD is rapidly growing in popularity and demand by the day.
A 2020 poll revealed that 33% of Americans are using, or have used CBD; which is more than a 100% increase from 2019 where only 14% of Americans reported to use CBD products.[4]
The evidence is all around you.
There are over 280,000 retail locations in the US that offer CBD products. To put that into perspective for you… For every starbucks you see, there are 8 stores around the block selling CBD products to everyday customers.[5]
Can you think of any other industry stirring up demand on that scale? I can’t.
What’s more is that the CBD industry is nowhere close to the ceiling.
The current market for CBD is valued at $4 billion, and expected to hit $17 billion by 2025. That means the industry is facing a double digit growth curve – a whopping CAGR of 33% – over the next 5 years.[6]
TOODLES
I could list you a bunch of DD that would wake you up an i might do it today if i find some free time.
Your Not so Typical Farm Bill Sparks a Red Hot Legal Cannabis Industry
It’s not everyday the government passes legislation that paves way for a multi-billion dollar industry… But that’s exactly what the 2018 Farm Bill did.
For decades, federal law did not differentiate “hemp” from marijuana; but the 2018 Farm Bill radically changed that. For the first time ever, hemp is no longer looped in with other cannabis plants in the eyes of the law.[1]
The Farm Bill served to define, legalize, and protect hemp… So let’s get the legal definition straight between hemp and marijuana.
In order for a product to be classified as “hemp” and not marijuana, it must contain less than 0.3% THC — the compound in marijuana that produces a high.[2]
Hemp with less than 0.3% THC produces no psychoactive effect, but it still provides powerful pain and stress relieving properties, similar to that of medical marijuana.
As long as hemp derived products are produced in accordance with the law, there are no federal restrictions on the sale, transport, or possession of hemp.[3]
The 2018 Farm Bill catapulted hemp into the spotlight, and ignited a promising new industry still in its infancy state… hemp derived CBD.
Thousands of CBD Companies are Flocking to Meet Rising Demand, but there’s Only One Clear Winner Amongst Them
Due to it’s pain relieving, calming, and stress & anxiety reducing effects — not to mention it’s legality — CBD is rapidly growing in popularity and demand by the day.
A 2020 poll revealed that 33% of Americans are using, or have used CBD; which is more than a 100% increase from 2019 where only 14% of Americans reported to use CBD products.[4]
The evidence is all around you.
There are over 280,000 retail locations in the US that offer CBD products. To put that into perspective for you… For every starbucks you see, there are 8 stores around the block selling CBD products to everyday customers.[5]
Can you think of any other industry stirring up demand on that scale? I can’t.
What’s more is that the CBD industry is nowhere close to the ceiling.
The current market for CBD is valued at $4 billion, and expected to hit $17 billion by 2025. That means the industry is facing a double digit growth curve – a whopping CAGR of 33% – over the next 5 years.[6]
TOODLES
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