Legal Cannabis and CBD Markets are Projected to Grow

A major component of the legal cannabis industry is the CBD market. Matt Karnes of Greenwave Advisors is even more optimistic about the growth of the CBD market saying, “In terms of the CBD market size, I estimate an almost $3 billion market by 2021. Right now, there are 15 states that allow CBD only – this is in addition to the 28 states plus DC that have legalized medical marijuana,” Forbes reported. Outco, the largest licensed cultivator in Southern California learned that 38% of users and non-users said they wanted to learn more about CBD oil. Forbes indicated that Outco also believes the market is poised for growth., Inc. (OTCQB: CIIX) earlier today announced, “that it has formally engaged Launch Haus, LLC (‘Launch Haus’), venture building firm and digital holding company, based in Scottsdale, AZ, specializing in direct response marketing including digital, ecommerce, and direct sales channels.

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