Modern Day “Green” Rush
With Millions of People Using CB.D for Pandemic Anxiety and Stress, Can B Corp. (STOCK:CANB) Could Be in a Prime Position from a Modern Day “Green” Rush(1)
Can B Corp. (STOCK:CANB) is a U.S. based CB.D company. As product demand increases, the opportunity in Can B Corp. could be a VERY profitable one.
- Even with a good deal of market volatility, CB.D stocks continue to thrive with consumers becoming far more dependent for stress and anxiety(2)
- The CB.D market could be worth $89 billion by 2026
- Companies like Can B Corp. (STOCK:CANB) could be in a prime position to profit from this modern day green rush
- Broad support, and further state legalization of green makes this opportunity far more attractive to investors(3)
- The company is also well diversified with super foods, medical devices, and supplements
The investment potential with CB.D is stunning.
By the end of the decade, the market is expected to grow 25-fold to nearly $50 billion.(4)
However, that may be a low-ball estimate with Global Market Insights noting:
As of now, demand for CB.D is surging on the heels of the pandemic.
In fact, over the last year, total sales of such consumer CB.D products just in the U.S. came in at approximately $1.2 billion, according to Nielsen Global Connect.(6)
But that’s just the start.
With a potential “second wave” of the virus, CB.D and related stocks, like Can B Corp. (STOCK:CANB) could be on the verge of breaking to higher highs.
Does CB.D Still Have More Room to Run?
Absolutely. In fact, some of the top minds in finance see further upside potential.
Again, with consumers becoming far more dependent on CBD with increased stress and anxiety with the pandemic, analysts at Nielsen say sales could reach $1.7 billion to $2 billion this year.
In addition, according to H.emp Industry Daily:
But that may be a low estimate.
Analysts at Cowen say sales could reach $16 billion by 2025 with health and wellness products leading the way – and with beverage, food, and beauty playing a big role.(8)
And remember, Global Market Insights has said:
Coupled with rapidly changing consumer attitudes toward C.BD, and sizable demand from consumers, retailers can’t even stock shelves fast enough, including Neiman Marcus, Sephora, Vitamin Shoppe, Kroger, Barney’s DSW, Sephora, CVS, American Eagle, and Walgreen’s.
What Will the Election Mean for CB.D?
For one, it doesn’t matter who wins the election.
Support for CB.D is only increasing across the world. In fact, just in the U.S.:
- A Pew Research Center survey found that 67% of the US supports legalization.(10)
- And a Gallup survey found that 66% of Americans are in favor of legalization. That’s up from just 60% in 2016.(11)
On Nov. 4, 2020, New Jersey and Arizona voted to approve amendments to legalize the use of green for those above the age of 21. The next steps for both would be to establish rules for regulation and issue permits for vendors.(12)
Voters in South Dakota approved it for medical use. Even voters in Montana voted to legalize, regulate and tax recreational green for adults 21 and older.
Plus, we have to consider that 11 other states — Washington, Oregon, California, Nevada, Colorado, Michigan, Illinois, Maine, Vermont, Massachusetts, Alaska, and the District of Columbia already allow legal recreational use.
Again, with that kind of growth, Global Market Insights has noted:
Can B Corp. (STOCK:CANB) Packs a Punch in the Industry
CB.D companies like Can B Corp. could thrive in that environment – and fast.
With a market cap of nearly $1.42 million, Can B Corp. is a nano-cap stock. But that’s okay. The core idea with a stock of this size is that at the present time in history, small stocks such as this are seeing the same level of attention normally given to small cap stocks.
Plus, this company is a ground floor stock opportunity, when demand for CB.D products is just beginning to increase. And, many retailers are already finding they can’t keep up with the demand for such products – especially now during the pandemic.
Can B Corp. stock is well worth watching in a space that could be worth $89 billion by 2026.
Health & Wellness company, Can B is provides quality CB.D products under brands:
- Seven Chakras,
- Pure Leaf Oil,
- Pure Health Products,
- Green Grow Farms
Can B also used multi-channel distribution to reach consumers, including medical facilities, doctor offices, retailers, online and direct.
However, Can B Corp. (STOCK:CANB) is more than a CB.D company
It’s also a super foods company, a medical device company, and a supplement company.
For example, it’s launching Super Foods, a line of nutritional supplements.
With regards to super foods, the global market is estimated to be worth $244.8 billion with a CAGR of 17% by 2024. In fact, according to Technavio:(13)
In addition, Can B Corp.’s (STOCK:CANB) Duramed line combines medical devices with “healing powers” of CB.D. Duramed provides wearable bioelectronic devices for the delivery of sustained acoustic medicine (SAMs).
The SAM Pro 2.0 is the first and only FDA cleared wearable low intensity ultrasound device delivering multi-hour treatment to accelerate healing and improve function for musculoskeletal injuries (muscle, tendon, ligament) and reduce chronic pain (without opioid pain medication).(14)
And it’s collaborating with Dr. Karl Zarse in launching ImmuneX2,a super immune boosting AM/PM supplement – expected to ship by the end of November.
Here’s the Bottom Line on Can B Corp. (STOCK:CANB)
Can B Corp. (STOCK:CANB) offers an exciting ground floor opportunity on a potential $89 billion market opportunity. As demand for CB.D rises with or without the pandemic, some of your best opportunities can be found in micro-cap stocks like this one. Plus, with a small float of 3.07 million shares, better news could help catapult the stock to higher highs.
Source 1: https://www.seattletimes.com/sponsored/more-than-29-million-americans-are-now-using-cbd-oil/
Source 2: https://www.kpcounseling.com/many-people-turning-to-cbd-marijuana-to-treat-anxiety-stemming-from-pandemic/
Source 3: https://www.cnn.com/2020/11/04/politics/marijuana-legalization-2020-states/index.html
Source 4: https://www.cnn.com/2020/11/04/politics/marijuana-legalization-2020-states/index.html
Source 5: https://www.streetinsider.com/Globe+Newswire/Hemp%2C+Inc.+Praises+Five+New+States+to+Legalize+Marijuana+for+Recreational+andor+Medicinal+Use/17560570.html
Source 6: https://hempindustrydaily.com/exclusive-cbd-demand-could-drive-2020-sales-of-2-billion-with-threefold-growth-projected-by-2025/
Source 7: https://hempindustrydaily.com/exclusive-cbd-demand-could-drive-2020-sales-of-2-billion-with-threefold-growth-projected-by-2025/
Source 8: https://hempindustrydaily.com/exclusive-cbd-demand-could-drive-2020-sales-of-2-billion-with-threefold-growth-projected-by-2025/
Source 9: https://www.streetinsider.com/Globe+Newswire/Hemp%2C+Inc.+Praises+Five+New+States+to+Legalize+Marijuana+for+Recreational+andor+Medicinal+Use/17560570.html
Source 10: https://www.pewresearch.org/fact-tank/2019/11/14/americans-support-marijuana-legalization/
Source 11: https://news.gallup.com/poll/243908/two-three-americans-support-legalizing-marijuana.aspx
Source 12: https://www.cnn.com/2020/11/04/politics/marijuana-legalization-2020-states/index.html
Source 13: https://www.businesswire.com/news/home/20201009005395/en/Superfoods-Market-Health-Benefits-of-Superfoods-to-Boost-the-Market-Growth-Technavio
Source 14: https://apnews.com/press-release/globenewswire-mobile/access-to-health-care-health-diagnosis-and-treatment-diagnostic-imaging-ultrasound-e2ebe01f6d2e65dcea8a37c03c168629
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