With the hemp-based CBD market projected to grow from $591 million in 2018 to $22 billion by 2022, the opportunity to make money with this industry is difficult to miss.
Just like betting on a horse-race, the next question is, which horse should you put your money on? Numbers don’t lie and your best bet is to determine how these companies perform and outperform one another. We have a bunch of research on Charlotte's web on our site. See the link below:
In 2017 we saw Charlotte’s Web Holdings (CWBHF) produce 63,000 pounds of hemp. Year by year production growth would see this anywhere between 250,000 to 350,000 this year. And with more and more States opening its markets to CBD products, the potential for future growth is a certainty.
More great news for Charlotte’s Web Holdings after the 2018 Farm Bill became law in December. This bill basically legalized hemp-use in the U.S. after more than eight decades. CBD products are completely legal across the United States because this contain zero THC, the compound responsible for that “high” feeling found in marijuana.
CWBHF has long been a recognized leader in the CBD industry and has made huge inroads into the market over the years. And with the sudden increase in consumer interest and more retailers hoping to cash in, Charlotte’s Web Holdings represent a reliable source of popular CBD products.
Charlotte’s Web has traditionally been a strong global supplier of CBD products prior to the Farm Bill’s passing. With the Farm Bill’s passing, this paves the way for increased sales and revenues into the next few years.
Overwhelmingly positive fourth quarter results from cannabis stocks last week helped boost investor confidence pushing CWBHF stocks to all time highs. March 28 saw the release of its Q4 results which showed the company posting its 12th consecutive quarter of revenue growth.
On a conference call, CWBHF announced that it was increasing inventory to meet growing demand. The company also stated that its primary focus for this year will be on increasing their market presence through retail expansion. Charlotte’s Web Holdings was also exploring potential expansion into European and Latin American markets.
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