Investorideas.com , a leading investor news resource covering hemp and cannabis stocks releases a snapshot focusing on the rise of CBD within the overall cannabis market in the US and internationally, and how companies are preparing to deal with this explosive market.
With the passing of the 2018 Farm Bill in the US, CBD represents a developing sector with many vendors now seeking national reach to US customers. The rise in popularity for CBD products is driven by consumers seeking natural-based health & wellness solutions to treat various ailments; from inflammation, to anxiety and insomnia amongst many others. As a result, the hemp-derived CBD market has been estimated to reach US $22 billion by 2022.
One of the larger companies in the CBD space, Village Farms International, Inc. (TSX: VFF) (NASDAQ: VFF) recently applauded the actions of the Texas Department of Health and Human Services in de-scheduling hemp, including its cannabinoids (except for delta-9 tetrahydrocannabinol (THC)) in compliance with