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700% Growth Projected for CBD Market by 2020

By now, most people – at least those that keep up with cannabis-related news – have heard of the plethora of benefits provided by CBD (cannabidiol), one of the cannabis plant’s many beneficial phytocannabinoids. It offers many of the medical benefits that THC offers, and then some, but it has no psychotropic effects. Just like THC and many other cannabinoids, it can be vaped, used in edibles, pills, topicals, and more.

Business

Marijuana Company Buys Entire California Town, Can Only Sell CBD There For Now

The unincorporated Mojave Desert town of Nipton, California, has been purchased by American Green, an Arizona-based company developing several marijuana-related businesses. The town consists of a five-room hotel, a general store, a shuttered cafe, about a dozen mobile homes, and eighteen residents, and cost American Green and other unnamed partners a total of $5 million.

Business

Indiana Brouhaha Over CBD Legality Raises Local Interest in Trying It

In Indiana, a recent controversy involving police illegally seizing products containing CBD has raised CBD's visibility, and it is flying off the shelves of at least one store - Adele's Naturally in Evansville Indiana. Hundreds lined up around the inside of the store, quickly selling out multiple shipments of CBD. And local news station Tri-State Eyewitness News is loving it.

Wrote Tri-State Evening News, to accompany their report:

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