A recent lab test for CBD products found some alarming results. But I’m not worried about the CBD market, which should reach $2 billion in sales in 2019.
The CBD industry is exploding in popularity, and everyone is trying to get a piece of this multibillion-dollar market. Unfortunately, that means some folks are just trying to make a quick buck from it or aren’t checking the quality of their products.
A recent investigation by NBC 6 tested different brands of CBD oil and gummies, and the results weren’t good.
The investigation found that some samples didn’t contain the amount of stated CBD inside the product, and one brand of gummies contained zero CBD, according to NBC 6 investigators.
Even though this doesn’t sound good at first, it only reinforces the fact that there are top-tier players in the CBD market (the best of the best publicly traded CBD companies are right here) and companies which are not in that elite tier.
Companies doing it right will test for heavy metals, potency, pesticides, and fungicides. Also, they will only sell their products through vendors they trust.
It’s like if you want to stream a movie. You could watch it for free or close to free from some shady website you’ve never heard of, but you shouldn’t be surprised if your computer becomes infected with a virus or if the movie was filmed with a webcam in a theater.
In comparison, you’re going to have to pay up to watch something on Netflix Inc., but you know you’re getting a quality experience.
As I’ve said before, the cannabis industry really isn’t much different from any other market. It just moves faster than anything we’ve ever seen before.
And the profits – especially in the CBD sector – are going to be coming in just as fast.
Thanks to our top picks, we are exactly where we want to be…
The CBD Industry Will Skyrocket to $2 Billion
In 2016, U.S. consumer CBD sales reached $262 million. In 2019, sales are headed even higher thanks to the Farm Bill. When it passed, it allowed for the production, distribution, and sale of hemp-derived CBD anywhere in the United States.
I’m projecting that this year, CBD sales could reach $2 billion. That would be a 663% gain, but that might even be too conservative of an estimate. I wouldn’t be surprised if sales reached $3 billion in 2019.
That’s why I’m so confident in our CBD portfolio picks.
The companies I discuss in my reports to the members of Cannabis Investor’s Report are doing everything right. They are following all guidelines, using top-tier ingredients, and scaling their businesses the right way.
These aren’t fly-by-night companies that just opened up shop a week ago. There are plenty of those, and more of them than ever are going to try to list shares on an exchange.
This industry has minted millionaires before, but today it could be your turn. What former Speaker of the House John Boehner has revealed about the cannabis industry could help you make a FORTUNE from America’s next trillion-dollar industry. If you missed this shocking prediction, go here for a special rebroadcast.
That’s what makes a service like The Cannabis IPO Insider so valuable. You learn about the best cannabis IPOs hitting the market, but you also learn about which ones to avoid.
So when you see reports about CBD products and “shocking” lab tests, remember that there are always going to be companies like this in any business. They won’t care about consistency or making sure the information on their packaging is accurate.
But the legitimate companies – like the ones in our Cannabis Investor’s Report member portfolio – are in this for the long run. They want to stay in business and become leaders in the CBD industry because they know how much money there is to be made.
They won’t do anything that could derail that. And every time a fly-by-night operator is thrown out of the business it creates more sales opportunities for the companies doing the right thing.
Thank you for being an integral part of the National Institute for Cannabis Investors,
Executive Director, National Institute for Cannabis Investors
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One response to “Why We Only Own the Best of This Sector”
February 20 2019