Investment thesis
The U.S. CBD market has been growing exponentially of late and a recent report by Cowen Inc.(NASDAQ:COWN) estimated that sales in this sector are expected to grow from ~ $600M in 2018 to $16B in 2025 which would be an annualized growth rate of more than 50%. CBD Is now broadly available across various retail verticals as shown by this table:
However, although the industry has significant potential, the panelists acknowledged that this nascent sector has several challenges including increased competition, regulatory uncertainty and lack of consumer awareness and education. The