Pot Stocks Gearing Up For Strong 2018 As Cannabis CBD Frenzy Intensifies

FLORIDA:  The hemp, cannabis and marijuana industry is booming while more and more retail investors are really taking notice. According to Cowen & Co., legal marijuana sales in the U.S. have the opportunity to reach $50 billion annually by 2026, with cannabis research firm ArcView projecting compound annual growth of 26% in North America through 2021.

The cannabidiol (CBD) market alone is estimated to grow by 700% by 2020, according to Forbes. A new report by market intelligence firm Hemp Business Journal projects that the CBD market will grow to $2.1 billion by 2020, an astronomical jump in value compared to last year’s CBD market of $202 million. Plenty of market professionals firmly believe not many other industries and sectors are growing as quickly as legal marijuana heading into the new year. 

Florida Medical-Marijuana Applicants Foresee Stores, Door-To-Door Service

FLORIDA: Eight companies vying to become the first in Central Florida to produce medical marijuana are proposing a wide range of retail options, from one central dispensary with delivery services to more than a dozen retail stores.

The Florida Department of Health is reviewing applications to decide which one will be licensed for the Central Florida market. That region encompasses 18 counties and runs from Stuart to Daytona Beach on the Atlantic coast, through Metro Orlando to St. Petersburg to Inverness on the Gulf Coast.

The winning company will get the Central Florida franchise to produce medicines derived from cannabis that have shown promise treating people with epilepsy and other neurological disorders.

State officials have indicated they hope to award Florida’s five regional licenses later this year, and some applicants say they can have product available for sale within a couple of months of getting the license.