Global CBD Consumers Continue to Gain More Offerings as Market Regulations Around the World Solidify
- FN Media Group Presents Microsmallcap.com Market Commentary
NEW YORK, Feb. 17, 2021 /PRNewswire/ As public acceptance and use continues to grow, so too does the positive momentum in opening of new markets for the cannabis derivative CBD. A new bipartisan bill is currently being
reintroduced to the US congress, while the
European CBD market is already projected to grow 400% through 2023. With the onboarding of additional global markets, such as in Latin America and Asia, the potential market size of CBD is projected to grow by
Advanced Vapor Devices Announces New Hires, Promotions
Cannabis vape pen manufacturer
Advanced Vapor Deviceshas promoted Audra Horridge from AVD s VP of operations to VP of Product.
Horridge brings knowledge in product manufacturing, formulation, and filling technology. In her new role, she would help with the company s product pipeline development.
Simultaneously, the Los Angeles company opted to hire Evan Meacham to serve as its Key Account Manager.
During his career, he worked as Marijuana Packaging s National Account Manager and technical specialist and also Director of the Vape Division at KushCo.
Michael Brosgart, the company s COO, said that both Horridge and Meacham have impressive track records and a wealth of industry experience, adding that they would, without doubt, prove they are invaluable to our clients.
Truss CBD USA, a joint venture majority owned by Molson Coors Beverage Company (“Molson Coors”) and operated in partnership with HEXO Corp (“HEXO”), today announces the U.S. launch of Veryvell™, a new line of non-alcoholic, sparkling CBD beverages, exclusively available in Colorado.
Veryvell™ is a hemp-derived, adaptogenic, sparkling CBD water infused with a crisp taste, zero calories and zero sugar. Veryvell™ is now available to Colorado-based consumers both online and at select retailers in Colorado in three flavors: Focus (Grapefruit Tarragon), Mind & Body (Strawberry Hibiscus) and Unwind (Blueberry Lavender).
“Last year, we redefined ourselves as Molson Coors Beverage Company and in doing so, laid out a clear vision of leveraging the competitive strengths of our storied foundation in beer to grow in new spaces beyond the beer aisle,” said Pete Marino, president of the emerging growth division for Molson Coors. “Truss’ entry into the CBD market in Colorado
Cannabis Delivery Services Are Becoming One of the Hottest Revenue Streams in Cannabis Market
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Financialnewsmedia.com News Commentary
PALM BEACH, Fla., Jan. 22, 2021 /PRNewswire/ Revenue projections for the recreational and medical marijuana markets keep rising, each one larger than the previous studies. According to a recent report by ArcView Market Research and BDS Analytics, the global licensed dispensary sales of cannabis will reach $40.6 billion by 2024, registering a CAGR of 24.5%. The US will account for about $30 billion or 73% of the global cannabis dispensing market in 2024. It is also projected that by 2024 the retail dispensing sales of legal recreational cannabis will reach $26.7 billion whereas the revenue generated from the sales of medical cannabis will reach $13.9 billion… but the most, according to an article