| Monday, April 29, 2019 "The Year of CBD" Has Led to Yet Another Profit-Boosting Prediction By Greg Miller
When I predicted that 2019 would be the "Year of CBD," I frankly didn't expect it to unfold so quickly.
What started the year as a supplement sold only through websites and a handful of health and wellness-oriented stores can now be found on retail shelves nationwide.
Just four months into the year, CBD-infused products are being sold nationwide in shoe stores, malls, and major drug store chains.
And the CBD lineup at health and wellness stores continues to grow. MOM's Organic Market, not too far from my house, went from only one product line to five in just a couple of months.
Here's a photo I snapped just last week. In it, we've got products from Charlotte's Web Holdings Inc. (CSE: CWEB, OTC: CWBHF), CV Sciences Inc. (OTC: CVSI), Emerald Health Therapeutics Inc. (TSXV: EMH, OTC: EMHTF), and two others. And, just recently, GNC became another national chain adding CBD-infused topical creams to its shelves. That's why we set up a "Health and Wellness" subsector in our NICILytics database to let you identify our top CBD picks.
Up to this point, though, major retailers had only stocked CBD creams, balms, and salves that go on the skin.
These retailers haven't stocked consumable CBD products yet, mostly because the U.S. Food and Drug Administration (FDA) hasn't set clear rules about infusing foods and drinks with CBD.
Now, that's not because they have concluded CBD should be regulated like a drug. It's simply because they haven't had time to write the final rules yet.
But with this one recent addition to the CBD sales train, I've got another prediction for you...
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