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-0.00113663761926084 1.14811880733151E-05 0.00115959999540747 -0.00917346927060016 -0.00113663761926084 0.0265559880136396 0.024121976142091 0.0143629662797506
Stock impact report

Companies Partner with Researchers to Identify New Uses of Hemp Products

Aurora Cannabis Inc. - Common Shares (ACB) 
Company Research Source: PR Newswire
NEW YORK, March 25, 2021 /PRNewswire/ -- The CBD market is estimated to hit the $23.7 billion mark by 2023, with the US likely to be one of the more lucrative markets for hemp-derived CBD products, with almost all states having legalized hemp-derived CBD. Research institutions are also looking into the effects that hemp-derived CBD has on the body. There is a lot of promise within the medical community. Such research may open up more revenue opportunities if companies are able to make science-backed structure function claims about the benefits of CBD derived from hemp. Clinical research and studies are also key to informing the FDA's regulatory framework by providing reliable expert data regarding the functioning and effects of hemp-derived CBD products. Companies such as HempFusion Wellness Inc. (TSX:CBD.U) (OTCPK:CBDHF), Aurora Cannabis Inc. (NYSE:ACB) (TSX:ACB), Aphria (NASDAQ:APHA) (TSX:APHA), Tilray Inc. (NASDAQ:TLRY), and Neptune Wellness Solutions (TSX:NEPT) (NASDAQ:NEPT) are s Show less Read more
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