Charlotte’s Web CBD products are estimated to achieve triple-digit sales growth. So what exactly makes Charlotte’s Web Holdings (CSE:CWEB) (OTCQX:CWBHF) such a potential player in this projected multi-billion-dollar industry?
Charlotte’s Web CBD
Analysts’ heads turned toward this company even before the US Farm Bill was passed, legalizing hemp farming. Before that momentous occasion, this hemp-derived CBD producer was already selling its product in over 3,600 US stores.
It was also one of only a handful of producers making a profit for its cannabis-derived operations in the US. But now that hemp-farming is completely legal, demand for Charlotte’s Web CBD products is about to soar. The company can now place its products in all 50 of the US states pushing its revenue margins higher.
Charlotte’s Web CBD is also at the fore of the hottest cannabis trend in 2019. CBD-based products represent a massive new market covering edibles, drinks, topical creams, capsules, gels, and vapes. The range can also be extended to pet care.
According to the Brightfield Group, we can expect a “compound annual growth rate in global CBD sales of 147% between 2018 and 2022.” Charlotte’s Web Holdings CBD looks set to be a sought after product at the fore of this wave.
The result of all this is that CWEB could offer significant upside in 2019 and even into 2020. At the current trading price of $18.53% CAD on the CSE, this stock is not the cheapest, however, and that may deter many investors.
But for those able to take the punt, Charlotte’s Web stock has bags of potential ahead because Charlotte’s Web CBD is most likely going to return this producer a nice profit.
What do you think? Are you a Charlotte’s Web CBD fan?
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