YGYI - As Cannabidiol-Infused Beverage Market Grows Youngevity International Inc. (NASDAQ: YGYI) Launches Two Relevant Products
- The two new cannabidiol-infused coffee brands from Youngevity are expected to become available in May, allowing the company the opportunity to establish a solid presence within the expanding market
- The first brand, HempFX, will be a direct sales product, while Javalution is set to become available later in May for retail store distribution
- The company is cultivating a market that appeals to the over 100 million coffee drinkers in the U.S. who are also aware of the benefits of cannabidiol-infused beverages
The U.S. market for cannabidiol-infused beverages is expanding rapidly, with forecasts calling for a valuation of $260 million by 2022. The revenue from such products could outpace all other industry representatives, capturing almost 20 percent of the edibles market by 2022, per industry data (http://nnw.fm/QPd6d).
There are several reasons for the growing popularity of such beverages. Legalization measures in the U.S. are the first and most prominent reason why the market is anticipated to grow. In addition, consumers are...
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