This is the CBD Industry’s Biggest Catalyst for Long-Term Growth

Major retail chains like CVS and Walgreens are expected to drive further CBD sales growth this year, according a The Brightfield Group. By year’s end, the CBD industry is expected to become a $5 billion industry – a 700% year over year increase from 2018. The analysts also expect for the total U.S. CBD industry to be worth $23.7 billion in the next four years. The CBD market has been growing rapidly, but we will see unprecedented growth in 2019,” Brightfield Managing Director, Bethany Gomez said. “The bulk of this growth is coming from large retailers like CVS, Walgreens, and Kroger entering the market and providing that availability to consumers.” Other major retailers are jumping on board, as well, including Neiman Marcus, Sephora, Vitamin Shoppe, Kroger, Barney’s, and DSW. That’s opening a wide range of opportunity for companies including The Yield Growth Corp. (CSE:BOSS) (OTC:BOSQF), Canopy Growth Corporation (TO:WEED)(NYSE:CGC), High Tide Inc. (OTC:HITIF)(CSE:HITI), SLANG Worldwide Inc. (CSE:SLNG)(OTC:SLGWF), and HEXO Corporation ... Click here to view full article