Latest Report Shows Quickly Increasing
Number of Consumers Using CBD Infused Products
PALM BEACH, Florida -- April 2, 2019 -- InvestorsHub
NewsWire -- Financialnewsmedia.com
-- While article after article describes the "newest" CBD
infused product to hit the market, recently a report finally addressed
the status of consumer behavior and consumption habits. In a
research report released this February, titled: "What Do U.S.
Consumers Think About CBD-infused Products?" the authors: "… asked
a census-balanced survey of U.S. adults if their opinions toward
marijuana legalization have changed in the last five years. In this
short amount of time, public perception has largely evolved: 46%
said that they are more open to legalization, and only 8% said
they've become less open to it. Overall, nearly 50% of respondents
said that marijuana should be legalized for both recreational and
medicinal use. As consumers' opinions become increasingly
positive, they are exploring other compounds of the cannabis plant,
including CBD. Fifty-eight percent of survey respondents said they
are somewhat, very, or extremely familiar with CBD, while only 14%
had never heard of it. Men are more familiar with CBD than women,
with 65% reporting at least some familiarity compared to 51% of
women. Adults in age cohorts 25-34 and 34-44 are the most aware,
with 70-71% in each group reporting at least some familiarity.
Survey members living in the Northeast reported the highest level
of awareness of any region, followed by the West. Active
Companies from around the market with current developments this
week include: GD
Entertainment And Technology (OTC: GDET), Marijuana
Company of America, Inc. (OTC: MCOA), Medical
Marijuana, Inc. (OTC: MJNA),
Hemp Inc. (OTC: HEMP), Namaste
Technologies Inc. (TSX-V: N) (OTC: NXTTF).
Despite fairly high awareness, only 24% of respondents said
they've used a CBD product; 70% said they have not. Men were
significantly more likely to try CBD than women, at 31% compared to
only 16% of women. Adults between the ages of 25 and 34, followed
by those ages 35-44, reported the highest usage levels, at 39% and
31% respectively. Overall, most survey participants (45%)
said they would not be willing to try any product containing CBD.
However, 29% of respondents said that they would be most likely to
try an edible. Lotions/Creams/Balms was a close second, at 27%,
followed by oil extracts (22%), capsules/pills (22%), and beverages
(18%). Of respondents who have tried CBD, 48% used an oil
extract. Vape pens was the second most popular CBD-infused product
at 37%, followed by edibles (36%), and capsules/pills (29%). Among
adults in age cohort 18-24, vape pens were the most popular form of
CBD use, whereas oil extracts were most popular for all other age
groups.
GD
Entertainment And Technology (OTCPK:
GDET) BREAKING NEWS: GD
Entertainment & Technology today introduced its all new hemp
derived CBD products that will be for sale under the Company's new
"The Greenery" label with an official launch date scheduled
for April 20th, 2019, the annual 420 celebration
day for cannabis liberalization. With the legalization of
hemp farming in the United States under the 2018 Farm Act
recently signed into law by President Trump, GDET's CBD products
are all made in the USA. The products are also Kosher and
Halal compliant. The initial product line from The Greenery
includes two gel caps, one oil and one salve which are all Non-GMO,
Eco friendly and full spectrum. The CBD market is anticipated
to reach $22 billion by 2022.
Read below to learn more about GDET's first CBD products.
The Greenery product line will initially consist of four
products. Plans call for the product line to expand over
time. The first four products are all Made In The USA,
Full Spectrum, Kosher, Halal, NON-GMO, ECO Friendly, and
Organic. Read this and more news for GDET
at: https://www.financialnewsmedia.com/news-gdet/
In the industry developments and happenings in the market
this week include:
Marijuana Company of America, Inc. (OTCQB:
MCOA) an innovative hemp and cannabis corporation, and its
Joint Venture partner Global Hemp Group (GHG) (GBHPF) (FSE: GHG)
(together with the Company, the "Partners") recently announced that
they are currently in negotiations with several cannabinoid
extraction companies in Oregon, USA, regarding the acquisition
of the joint venture's hemp biomass produced at
the Scio farm from the 2018 harvest. The team at
the Scio farm has prepared processing samples ranging in
size from 100 lbs to 2,000 lbs. for the extraction companies. The
biomass is being processed into CBD crude oil with the option to
refine it further into isolate, or full spectrum oil, in order to
increase its value on the market. Results from the current
extraction test batches are expected to be received by mid-April
and will serve as a basis for the final terms of the sale of the
biomass by the Partners.
Medical Marijuana, Inc. (OTCPK:
MJNA) the first publicly traded cannabis company
in the United States, recently announced that its
subsidiary HempMeds® Brasil will be sponsoring TEAbraco 2019
International Autism Week from April 1 to April 7 at the
Iguatemi Mall in Ribeirão Preto, Brazil.
"As a company, we see events like this one as prime
opportunities to educate the people of Brazil about the
history of medical cannabis, the difference between hemp and
marijuana and our cannabidiol (CBD) products and their potential
benefits," said HempMeds® Vice President Caroline Heinz. "In
Brazil, CBD is legal to be imported and is even subsidized by the
Brazilian Government for several indications including autism. We
hope to inform people at the event of this because even though
legislation passed a few years ago, there are still many citizens
who don't know that they may already be eligible to receive CBD at
no cost."
Hemp Inc. (OTCPK:
HEMP) a global leader in the industrial hemp industry
with bi-coastal processing centers including the 85,000 square-foot
multipurpose industrial hemp processing facility in Spring
Hope, North Carolina, a state of the art processing center
in Medford, Oregon, and a 500-acre hemp growing Eco-Village
in Golden Valley, Arizona, recently announced that the company
and its subsidiary, The Hemp University, received notable media
coverage from Southern Oregon television stations CBS10
and NBC5, discussing the successful west coast educational
seminar.
Namaste Technologies Inc. (TSX-V: N.V)
(OTCQB: NXTTF) late in March announced that it has completed the
previously announced acquisition of 49% of the common shares of
Toronto -based Pineapple Express Delivery Inc. ("Pineapple
Express"). In June 2018, the Company announced that it had
entered into a subscription agreement to acquire 15% of the common
shares of Pineapple for $1,000,000 which comprised
of $850,000 in cash and $150,000 in Namaste
common shares (the "Subscription Agreement"). In December
2018, the Company announced that it had entered into a binding
agreement (the "Purchase Agreement") with shareholders of Pineapple
Express to acquire an additional 34% of the outstanding common
shares of Pineapple Express. Pursuant to the terms of the Purchase
Agreement, the Company issued the selling shareholders of Pineapple
Express such number of Namaste common shares having an aggregate
value of approximately $3.06 Million, based on the closing
price of Namaste's common shares on the TSX Venture Exchange
on December 14, 2018 (the "Transaction").
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