Cannabis Producers From Canada Looking To Enter US CBD Market
Following the passage of the Farm Bill, which legalized hemp, Canadian marijuana companies Aurora Cannabis and Canopy Growth are looking to enter the US market. Hemp is a source of the ingredient cannabidiol and its popularity is causing millennial investors to now scoop up shares of these companies. The financial opportunity could be huge for cannabidiol with Business Insider reporting that the CBD market in the United States will be worth .6 billion by 2021. It currently generates around 8 million in U.S. sales.
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