Advanced CBD Product Development
Propelling Massive Market Growth for Cannabis
Industry
Palm Beach, FL
-- February
20, 2018
-- InvestorsHub NewsWire -- The massive growth of the
CBD-based product market continues to be one of the most
active opportunities
in the
multi-billion dollar legal marijuana/cannabis markets, as experts
are currently forecasting the CBD segment alone to grow to $2.1 Billion by
2020, according to The Hemp Business
Journal. Through innovation and the
development of new product lines with new uses, aggressive
companies in the space are tapping into new consumer markets to
increase their market share. CBD-based products have a growing list
of uses with the potential to be used in a number of ways, ranging
from therapeutic benefits, consumer edible products, health and
wellness products and even animal/pet
medications. CBD applications and uses are nonpsychoactive
and are known
for targeting reliefs of pain, anxiety and
depression, stimulate appetite and have anti-inflammatory and
anti-acne properties. Development of diversified products &
uses are boosting the already Multi-Billion Dollar CBD market to
new heights as more growth is
on the
horizon. Active Companies from around the market
with
current developments
this week
include:
Marijuana Company of America, Inc. (OTC:
MCOA),
Hemp Inc. (OTC:
HEMP),
Medical Marijuana Inc. (OTC:
MJNA),
mCig, Inc. (OTC:
MCIG),
PotNetwork Holding Inc.
(OTC:
POTN) and
Rocky Mountain High Brands Inc. (OTC:
RMHB).
Marijuana Company of America, Inc. (OTC:
MCOA), an innovative hemp and
cannabis corporation, is pleased to announce the release of
hempSMART Full Spectrum Pet Drops
formulated for cats and dogs. Each bottle of
hempSMART
Full Spectrum Pet
Drops is formulated with 250mg of full spectrum
non-psychoactive Cannabidiol
(CBD) derived
from industrial hemp. The new specially formulated product contains
naturally occurring CBD derived from hemp seed oil, full spectrum
hemp extract, fractionated coconut oil, and a rich bacon
flavor. Read this and more news for
MCOA at
http://www.marketnewsupdates.com/news/mcoa.html
Donald
Steinberg, MCOA's CEO said, "Our new hempSMART product is a natural option
for pet owners who care about supporting their animals' healthy
energy levels as well as optimizing their health. Our
hempSMART
product line will
continue to expand to other popular areas of consumer interest to
give our affiliates what they need to succeed."
In reviewing
pet supplement trends for 2017, Watson, Inc.'s Mona
Hollums
observed that
natural pet supplement sales nearly doubled between 2008 and 2014.
With the increasing focus on pet health, the market for pet
supplements is projected to show significant and continuing
expansion. Projections show that U.S. retail sales of pet
supplements and nutraceuticals
treats
will grow 3%-5%
annually, bringing the market to $1.6 billion. Globally, the pet
supplement market is also expected to grow even further.
Between
2016-2020, sales are projected to
increase over 5% and will continue to yield lucrative investment
payouts.
In the industry developments and
happenings in the market this week
include:
Medical Marijuana Inc. (OTC:
MJNA) recently announced it has garnered national news coverage
on globally-recognized lifestyle website POPSUGAR. A February 4,
2018, article on the POPSUGAR website entitled "14 of the Best CBD
Products We're Obsessed With You Need to Try These ASAP" showcases
Medical Marijuana, Inc.'s Cannabis Beauty Defined CBD Anti-Aging
Serum and talks about how the product is like a "miracle syrup" for
the face and body that provides moisture to patches of dry and
inflamed skin. This leading lifestyle website, which boasts an
audience of over three billion global monthly views, is targeted
predominately at millennial women and is a trusted source for
fashion, beauty and fitness tips as well as beauty product
reviews.
mCig, Inc. (OTCQB:
MCIG), an innovative biotech company, which focuses on
cannabis-industrial hemp, cannabinoid
research, and
development, nutraceuticals
and
pharmaceuticals, also recently announced plans to launch an
innovatively advanced hemp CBD-based formula for pets. Doctor of
Bioengineering and Cardiology at Mt. Sinai Medical Center,
Arkady
Uryash,
will be leading this new initiative in the rapidly expanding
sixty-billion-dollar CBD pet industry market. "CBD-based pet
products are seeing heightened demand across the globe. Trial
studies have shown that CBD oils can help reduce anxiety,
inflammation, and chronic pain while boosting the pet's immune
system," Says Arkady
Uryash,
MD, Ph.D. at Biomedical Research Institute, Mt Sinai Medical
Center. "Results have demonstrated rapid positive results in
improving condition of pets suffering from these ailments, which is
one of the many reasons pet owners are eager to obtain CBD wellness
products supported by science and from reputable and trustworthy
companies."
PotNetwork Holding Inc.
(OTC:
POTN) recently announced its subsidiary, Diamond CBD, Inc., has
successfully launched a new product line, Meds BioTech,
which expands the Company's product marketing and distribution into
health-focused distribution channels, such as vitamin shops, health
product stores, gyms, chiropractic offices and physicians' offices,
which the Company regards as a new industry sector for the
distribution of its products. Dr. Richard Goulding,
CEO, stated, "We have designed this new product line, Meds
BioTech,
to appeal to health-conscious consumers and health-focused
distribution channels, while adding under this new brand such new
formulations as 'CBD & Turmeric' capsules." He added, "By
creating these specially-designed products formulated and packaged
to meet the needs of this sector, we believe we will carve out in
2018 a strong presence in, and sizable incremental revenue source
from these new distribution channels. We believe the result will be
a significant spike in our consumer awareness, brand preference and
distribution footprint."
Rocky Mountain High Brands Inc. (OTCQB:
RMHB) recently announced an update from its Chairman, President
& Chief Executive Officer, Michael Welch, on the Company's
Master Manufacturing Agreement with CBD Alimentos
SA
de CV ("Client"). Mr. Welch stated, "In January, we amended the
agreement with our Client at their request to switch from our Rocky
Mountain High functional beverages with hemp seed extract to a new
formulation of our Rocky Mountain High functional beverages with
water soluble cannabidiol
('CBD'),
containing a non-detectable level of 0.00% THC (the compound that
creates a 'high'). With an agreement worth an estimated $7.2
million, we believe that this represents one of the largest single
orders of CBD-infused beverages in the industry*. Rocky Mountain
High Brands will be one of the first companies to infuse a
functional beverage with CBD in a can, which affirms our
trailblazer status. Migrating from a hemp-based product to a
CBD-infused offering demonstrates our Client's confidence in Rocky
Mountain High Brands' product quality, capabilities, flexibility,
and leadership status." Mr. Welch concluded, "In addition to our
CBD-infused beverages, we
are also researching other products to present to our Client to
enhance their portfolio. As demonstrated by our recent
HEMPd
product line
announcement, we are evolving into a more diverse brand in 2018,
which will provide the Company different sources of revenue. This
private label agreement is a very important step in our
diversification. Properly executing it is a top priority for the
Company at this time."
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