Consumer Demand for CBD Driving Multi-Billion-Dollar Growth

World High Life (STOCK:WRHLF) Diving Into A Potential $23.6 Billion Market?

Top News Hitting the Wires 

With a $23.6 billion CBD boom well underway, World High Life (STOCK:WRHLF) is offering significant profit potential for investors.(1)

Coupled with rapidly changing consumer attitudes toward CBD, and sizable demand from consumers and retailers that can’t stock shelves fast enough.

Neiman Marcus, Sephora, Vitamin Shoppe, Kroger, Barney’s DSW, Sephora, CVS, American Eagle, and Walgreen’s have all jumped at the opportunity.  Dick’s Sporting Goods announced a deal to sell CBD products in its stores nationwide.  Even Dollar General just announced it possibly would sell CBD products thanks to rocketing consumer demand.

Better yet, cannabis legalization is seeing monumental support in the U.S.

A Pew Research Center survey found that 67% of us support cannabis legalization.  That’s up from 62% year.(2)

A Gallup survey found that 66% of Americans are in favor of legalization. That’s up from just 60% in 2016.  On top of that, 14% of Americans now use CBD products.(3)

Better, CBD is already transforming multi-billion-dollar industries:

In fact, over the last several years, thanks to the quick adoption of CBD:

Helping, the European CBD Market Expected to Explode 400% by 2023

In Europe, says the Brightfield Group, the CBD market generated $318 million in 2018.(8)

That number is expected to grow by over 400% by 2023. 

“CBD is just starting to take hold in Europe, with both product availability and consumer awareness still quite limited. This is a great opportunity for developed brands to enter and expand through Europe with far less competition than we’re seeing in the U.S.,” wrote Brightfield Managing Director Bethany Gomez.

The best part — it’s estimated that Europe is home to a population of 742 million and an annual combined GDP of over $18 trillion.  This combination of a large combined population as well as the combination of the globally significant economies provides an incredibly large market.

Canada is seen as one of the world leaders in the Medicinal Cannabis industry and also provides a relatively large singular market with a population of approximately 37 million.

The Latin America cannabis market is on pace to be one of the most exciting in the world.  In fact, it has the potential to become one of the largest markets in the world with an estimated value of $9.8 billion, according to New Frontier Data.(9)

Colombia for example is just beginning to transform itself into a multi-billion-dollar cannabis producer for the pharmaceutical industry.  In time, growers estimate that the country could capture as much as a fifth of a global market that could be worth $40 billion a year.

But this is just the beginning.

With CBD demand only expected to rocket higher, World High Life (STOCK:WRHLF) has become the top way to capitalize on the opportunity.

Who is World High Life (STOCK:WRHLF)?

World High Life PLC is an investment company with a strategic focus to invest in and acquire companies operating in the CBD wellness and medicinal cannabis industry.

The Company’s wholly owned subsidiary, Love Hemp Ltd., is one of the UK’s leading CBD and Hemp product suppliers and has more than 40 product lines, comprising oils, sprays and vapes, and a variety of edible and water-based CBD products.

It also just received ISO certification.

ISO 9001:2015 is an international quality management system standard of efficiency and customer satisfaction. To achieve certification, a rigorous and comprehensive company-wide audit is performed by a recognized certification agency. Love Hemp’s audit was carried out by Centre for Assessment.

And, just last week World High Life announced that Love Hemp’s new brand, Buzz Leaf, a host of products aimed at younger consumers that include the release of four broad-spectrum CBD infused e-liquids with added terpenes, and eventually the launch of a full range of CBD products, including CBD oils and capsules.  According to the company, the e-liquids feature exotic flavors that contain 500mg of CBD.

Given the exponential growth that the company’s e-commerce business has seen and the sheer number of customers, who are not only finding Love Hemp online but continuing to come back again and again, Love Hemp has redesigned its global online retailer, https://www.CBDOilsUK.com, a premium CBD oil and cannabidiol supplier in the UK, to handle the overwhelming demand.  Calamita says that with the launch of the Buzz Leaf products, there is now something for everyone on the website.

Better, the company is already seeing rapid growth.

Love Hemp’s Online Sales Jumped Approximately 107% in May 2020

“This was an incredibly strong period of sales for Love Hemp. Whilst our strong growth usually comes from a wider variety of sales channels, given the current challenging business circumstances, our shift to the expansion of our e-commerce offering has enabled us to ensure our customers are able to continue to purchase and engage with us. We are focused on building trust and credibility with our consumer base and continue to innovate whilst responding to evolving consumer demands,” adds Mr. Calamita.

Better – Love Hemp’s Global Online Retail Site – CBDOIlsUK Just Saw 110% Increase in Returning Customers

Since launch, the new website has experienced about a 52% increase in traffic, returning customer rates appear to have increased about 110%, whilst revenue has increased approximately 8% in the last 30 days.

CBDOilsUK New Site Highlights:

Why Consider World High Life (STOCK:WRHLF) Today 

Why World High Life (STOCK:WRHLF) Should Be On Every Investor’s Watch List?

For one, it’s quickly jumping into a potential $23.6 billion a year CBD market with multi-billion-dollar industries foaming at the mouth over the CBD opportunity.

Two, global demand for CBD products has become incredibly explosive, with consumers and retailers clamoring for supply. 

Three, there’s rapidly changing consumer attitudes toward CBD, leading to greater demand.

Four,  World High Life  is already thriving in the multi-billion-dollar global CBD boom, with plans for even greater expansion with its Love Hemp.

 

 

Source i: https://www.marketwatch.com/press-release/world-high-life-plc-announces-love-hemps-online-sales-increase-107-2020-06-11?mod=mw_more_headlines&tesla=y

Source 1: http://investorawareness.org/growth-trend-continues-cbd-market-surpass-23-6-billion-2025/

Source 2: https://www.pewresearch.org/fact-tank/2019/11/14/americans-support-marijuana-legalization/

Source 3: https://news.gallup.com/poll/243908/two-three-americans-support-legalizing-marijuana.aspx

Source 4: https://globalwellnessinstitute.org/press-room/press-releases/wellness-now-a-4-2-trillion-global-industry/

Source 5: https://www.thepharmaletter.com/article/pharmaceutical-sales-to-touch-1-2-trillion-within-five-years

Source 6: https://markets.businessinsider.com/news/stocks/the-u-s-personal-care-products-market-is-expected-to-reach-usd-134-2-billion-by-2025-1018922280

Source 7: https://www.thefashionlaw.com/as-the-cosmetics-market-continues-to-grow-rivals-set-themselves-apart-with-intellectual-property/

Source 8: https://www.brightfieldgroup.com/press-releases/europe-cbd-market-through-2023

Source 9: https://newfrontierdata.com/cannabis-insights/13-million-annual-cannabis-users-and-a-9-8b-usd-cannabis-market-in-latin-america/

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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