CBD products continue expansion as another retailer adds them to its shelves

386 0

Despite claims that CBD isn’t ready, retailers disagree

Things look much better for the cannabis industry, better than what the FDA would have people believe. The demand for products containing cannabidiol (CBD) is rapidly growing. Other industries are taking advantage of this and are now entering the cannabis market strong with new products – Neiman Marcus, Sephora, Vitamin Shoppe, Kroger, just to name a few. One more chain is participating as a distributor and Dick’s Sporting Goods confirmed they will start selling CBD-based products in its stores located across the country. This is good news also for the big supplier companies in the cannabis industry, which are seen new opportunities on the horizon, such as Yield Growth or Canopy Growth.

As more stores will demand more CBD products for their customers, Yield Growth Corp. recently announced that the manufacturing is complete for the 5 SKU’s of the Wright & Well THC and CBD product line. Oregon will have first these products on its shelves as of January 2020, which is also a great opportunity to capitalize. On the other hand, Canopy Growth will put a new person in the CEO’s chair as of January 14, 2020. David Klein comes with all the experience from Constellation Brands to help develop the best marketing strategy to better sell its products, especially beverages.

Other companies are already taking steps to move forward; such is the case of Curaleaf Holdings that is just announcing a new president. Joe Bayern will bring over 20 years of experience in the field of packed goods for consumers, which will be critical help for the growing trajectory Curaleaf has.

Another company having important movements is Charlotte’s Web Holdings that just closed a deal with Canaccord Genuity Corp to offer 5,000,000 units of the Company, at a price of $10 per share. These funds will be used to develop the company further and to support the operation.