So far in 2019, Charlotte’s Web stock is one of the biggest stock gainers in the CBD industry, with a gain of over 70%.
Following the passing of the US Farm Bill last year that legalized hemp farming across all states the industry expects booming growth for CBD derived products. Brightfield Group estimates that CBD sales globally could grow 147% annually by 2022, reaching $22 billion. Charlotte’s Web Holdings (CSE:CWEB) (OTCQX:CWBHF) is one of the companies that are well positioned to benefit from this rapid growth.
Growing Retail LocationsCharlotte’s Web stock is a ...
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