That’s how much Forbes magazine says Americans will spend on cannabis CBD products.
It’s a huge 3,623% growth market.
CBD will be huge. And that’s why smart investors are scooping up shares of companies in this sector.
Charlotte’s Web (OTC: CWBHF) is one of the biggest players. The Colorado company was founded by seven brothers and was initially named Stanley Brothers.
The company was one of the early movers into CBD and changed its name to Charlotte’s Web.
Charlotte Figi is the inspiration for the company’s new name.
When Charlotte was just five years old, she was regularly having seizures.
Her mom contacted the Stanley brothers and began using CBD to reduce her seizures. And Charlotte’s Web was the company that provided her with the CBD product.
Charlotte’s journey was highlighted in the CNN documentary titled “Weed.”
That public exposure helped cement Charlotte’s Web as a leading CBD company. And today, the company produces hemp from farms in Colorado, Kentucky and Oregon.
Last year, the company’s sales jumped 74% to reach $52 million. And this year should be even better.
Analysts project 2019 sales of $137 million – a 163% increase.
Today, the company makes 36 products including oils, capsules, creams and pet products. And those products are sold at over 6,000 retailers across America.
Charlotte’s Web is a major player – with a market value of $1.1 billion.
Now, I could simply go and buy shares of Charlotte’s Web. However, one new cannabis CBD company offers much greater growth.
That’s because this tiny company is currently privately held. And it’s quietly preparing to go public.
Currently, it’s selling 31 CBD products at 3,400 retail locations in America.
Right now, the company is valued at less than $60 million. And that makes it an absolute deal compared with Charlotte’s Web.
I’m jumping into this Pre-IPO situation right now – before this CBD stock goes public.
Yours in Profits,