If you were selling CBD-infused products out of a café or restaurant in New York City, you now have to stop. But this doesn’t have an impact on our cannabis investments, and it is still the “Year of CBD.”
The New York City Department of Health recently “cracked down” on the CBD market, but I wanted to take the time to tell you that this is nothing to worry about. For members of Cannabis Investor’s Report and The Cannabis IPO Insider, your portfolios are still as strong as ever.
Of course, when you see headlines from Forbes that say “New York City CBD Crackdown Threatens to Derail Booming Industry,” I can understand if you initially panicked.
But let me tell you what’s really going on and why there’s no need to worry.
CBD, the non-intoxicating cousin of marijuana’s primary psychoactive compound THC, is being used to treat physical pain, social anxiety disorder, and other ailments. This is a hot submarket of the cannabis sector that I project could reach $2 billion in sales this year, and our picks will be leading the way.
Restaurants, small bakeries, and coffee shops are trying to get in on the action.
They’re offering everything from CBD-infused cocktails to CBD-infused cappuccinos.
However, the Food and Drug Administration believes that CBD may not be used as a food additive, so the NYC Department of Health has ordered business owners to stop selling food and drinks infused with CBD.
Lost in this news was that only five businesses in New York City were ordered to stop selling these products, according to the New York Post. Small businesses will comply, as they will receive fines of between $200 and $650 starting on July 1 if they don’t follow the rules.
These businesses could lose some revenue, but adding CBD to a martini isn’t what was keeping them open in the first place. It was just a new way to draw in customers. The little guys are always going to feel the squeeze first, and I’ll have more about that for members of Cannabis Investor’s Report soon.
But what does this mean for producers of CBD?
Are they banned from New York City, too?
I’ll give you a hint – they are going to be absolutely fine, and there has been no better time to be a cannabis investor…
The NYC Ban Can’t Stop the Booming CBD Market
Thanks to the 2018 Farm Bill, hemp-derived CBD can be manufactured, distributed, and sold anywhere in the United States.
That means, if you are a company just selling oils, balms, and tinctures with CBD in it, it’s business as usual in New York City. In fact, this could become a very cannabis-friendly place soon, as Governor Andrew Cuomo (D-NY) announced in January that he wants to legalize recreational cannabis.
Cuomo’s Cannabis Regulation and Tax Act could take effect as early as April 1. This is an event I’m watching closely, and I will keep you updated about it.
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But even without full legalization, there is still a large backlog of companies that have been itching to make or sell products from hemp, and some already-successful companies are poised to make massive profits from feeding the demand. The best of those companies has been in our Cannabis Investor’s Report model portfolio since the service launched in October 2018.
By the end of 2019, people will be buying pallets of CBD products at places like Costco just as they purchase other health supplements, from eggs with additional Omega-3 added to supplements like protein powders.
This Is the Start of the CBD Boom
The CBD market, though getting less press than medical marijuana, will be the most significant part of the cannabis industry boom.
To help you find the best path to profit from this boom, we want to make sure you are as well informed an investor as possible.
That’s why we’ve released several reports about CBD recently:
We will have plenty more on the way.
Make sure you stay tuned, because the opportunity at stake here is simply too big – and too profitable – to ignore.
Thanks for being an important member of the National Institute for Cannabis Investors,
Executive Director, National Institute for Cannabis Investors
P.S. If you think the market is crazy now, just wait. Folks who aren’t paying attention could lose everything. But it doesn’t have to happen to you. You could still get “unbelievably wealthy” over the next six to eight months. How? Just following in the footsteps of the most powerful and connected men in America. And if you click here, we’ll show you exactly how to do it.
2 responses to “Don’t Be Afraid of the New York CBD Ban”
February 14 2019