Analysts have estimated the hemp-CBD market to hit 22 billion by 2022, as consumers around the world increasingly looking to CBD oils, edibles, and other products to help treat chronic pain conditions and as a potential preventative measure for muscle soreness and inflammation. CBD sales are booming today, as growers of hemp ramp up production in response to increasing demand.
Cannabis legalization is sweeping over North America, 10 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018.
The volatility in cannabis stocks is luring a growing number of investors toward CBD of Denver Inc. (OTC: CBDD).
Earlier this week, CBD of Denver, Inc. (OTC: CBDD), a full-line CBD and Hemp oil company (“CBDD”) selling Black Pearl CBD hemp products and the owner of CBD Social Network provided the following Corporate updates:
CBDD’s Rockflowr, GmbH subsidiary, just purchased a new vacuum packaging machine for flowers and is in the process of shipping sample packs to CBD stores throughout Europe. Rockflowr is also pleased to announce it opened its first account in France. The first sale was for more than 52,000 CHF (approximately $57,00) and we received an additional order for 72,500 (approximately $79,000). We have also been contacted by several other buyers and hope to be able to sell more product to France in the near future.
CBD Welt 24, GmbH, is on schedule to have harvests every month. CBD Welt just sold its harvest from July to the same group that purchased the prior month’s harvest. We are currently working on a new website for CBD Welt 24 and will have online live cameras for each facility. When we finish with our updates, we will link the website to the CBD Corporate website.
CBD of Denver, Inc. is developing 3 new products for their Black Pearl CBD website. The first product is a CBN/CBG gel cap which will be sold in 30 count per bottle. Reports show that CBN and CBG can help with sleep and relaxation. The second product is a CBD pain stick containing 3.8% full spectrum CBD and the third product, which will be introduced last, is a CBD lotion, to help skin look younger and relieve pain.
Bears are going to hibernate for a couple of weeks. That means it’s time to slowly start buying stocks that have lost over 50% of their value in the rout. Whatever happens, the economy will bounce back, and the stock market with it. A good time to buy low.