Growing Acceptance of Cannabis Sparks Explosion of CBD-Infused OfferingsPosted by On


/EIN News/ — NEW YORK, Dec. 09, 2020 (GLOBE NEWSWIRE) — via InvestorWireThe Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER) today announces its placement in an editorial published by NetworkNewsWire (“NNW”), one of 50+ trusted brands in the InvestorBrandNetwork (“IBN”), a multifaceted financial news and publishing company for private and public entities.

To view the full publication, “National Brands Vie for CBD Dominance,” please visit: https://nnw.fm/WYoJD

On election day this year, four more states voted to legalize the recreational use of cannabis, bringing the total of states that now allow recreational cannabis use to 15. This growing acceptance of cannabis, and more specifically CBD, which is now legal in all 50 states, has sparked an explosion of new CBD-infused products and brands within the consumer packaged goods (CPG) space. Estimates about how large the legalized cannabis market may grow vary widely, but a Lido Consulting report notes that the total addressable cannabis market (TAM) could potentially hit $1 trillion in global economic impact by 2027.

Seeing almost unlimited potential, companies are rushing to take advantage of the massive opportunity. Continuing its aggressive growth strategy, The Alkaline Water Company Inc. (NASDAQ: WTER)(CSE: WTER) entered the CBD space with the…

Original Author Link click here to read complete story..

News

AcceptancecannabisCBDInfusedexplosiongrowingOfferingssparks

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.