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Stock impact report

The Top Reasons Why the CBD Market has Only Started to Boom

Aurora Cannabis, Inc (ACB)  More Company Research Source: PR Newswire
PDF PALM BEACH, Florida, Aug. 1, 2019 /PRNewswire/ -- Hemp-derived CBD is quickly becoming a multi-billion-dollar business, with plenty of mainstream support. Already, sales of products containing CBD are expected to grow 700% in 2019 year over year, says the Brightfield Group . "The CBD market has been growing rapidly, but we will see unprecedented growth in 2019," Brightfield Managing Director, Bethany Gomez, explains. "The bulk of this growth is coming from large retailers like CVS, Walgreens, and Kroger entering the market and providing that availability to consumers." Better, more Americans are supportive of cannabis legalization. In fact, according to a Gallup survey, 66%  of Americans are in favor of legalization. That's up from just 60% in 2016. In addition, cannabis has become a major talking point as we near the 2020 presidential election. Plus, globally, Brightfield Group has also projected CBD sales to hit $22 billion by 2022 , handing sizable opportunities to North American c [Read more]
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