Charlotte's Web CBD interest is on the rise again, as seen by the current gains in Charlotte's Web Holdings (CSE:CWEB) (OTCQX:CWBHF) stock. Running up the charts in recent week, CBWTF stock is now one of the most active pot stocks in the market. It has literally transformed into a volume leader in a few short months.
Investors should keep a close watch.
Charlotte's Web CBD
CBD stocks are hot property right now, and Charlotte's Web Holdings is in a leading position in the US. So, if you are looking for a hemp play, there are plenty of reasons to check out Charlotte's Web CBD.
At the time of writing, CWBHF stock is up 5.2% and selling for $19.99 USD on the OTC.
It's simple really. The CBD industry is growing fast from a $390 million market in 2018, to an expected $22 billion market by 2022, according to the Brightfield Group.
This surge has been kicked off by the passing of the updated US Farm Bill in December 2018. The update to the bill legalized hemp farming and all by-products of hemp, in particular, CBD. In effect, the update has made hemp a new legal commodity across the US.
Market Share Leader
Charlotte's Web Holdings is now a market-share leader in the hemp-based CBD wellness products space. Already the largest hemp producer in the US, the company has grown exponentially since this farm bill passed. Investors are watching closely as Charlotte's Web CBD has led to shares growing over 50% in 2019 already.
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Further, as CBD becomes a mainstream commodity, Charlotte's Web stock is seeing increasing gains from outside factors. For example, rumors abound that the world's largest soft-drink makers, Coca-Cola (NYSE:KO) and Pepsi (NASDAQ:PEP), are monitoring the burgeoning CBD industry, with an interest in CBD-infused drinks.
Recently, the creator of US-favorites Jelly Belly's added a CBD-infused line of jelly beans. These new sweets are on sale through a new subsidiary called Spectrum Confections. The first line of these sweets sold out quickly.
As more and more companies jump on the CBD bandwagon, Charlotte's Web's already reputable name along with its reliable supply chain makes it a potential partner for a myriad of upcoming deals.
CBD is an Enticing Space
A rising number of various CBD products are now available in mainstream markets. Consumers are quickly spending more on CBD products than ever before, and this makes the CBD sector an enticing space for investors from an opportunity standpoint.
With CBD now a mainstream product, Charlotte's Web CBD is recognized as a pioneering brand in hemp-based CBD. There is a host of opportunity at the feet of this US company, and this makes Charlotte's Web a significant hemp potential for investors.
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