THE TOP REASONS WHY THE CBD MARKET HAS ONLY STARTED TO BOOM Hemp-derived CBD is quickly becoming a multi-billion-dollar business, with plenty of mainstream support. Already, sales of products containing CBD are expected to grow 700% in 2019 year over year, says the Brightfield Group . "The CBD market has been growing rapidly, but we will see unprecedented growth in 2019," Brightfield Managing Director, Bethany Gomez, explains. "The bulk of this growth is coming from large retailers like CVS, Walgreens, and Kroger entering the market and providing that availability to consumers." Better, more Americans are supportive of cannabis legalization. In fact, according to a Gallup survey, 66% of Americans are in favor of legalization. That's up from just 60% in 2016. In addition, cannabis has become a major talking point as we near the 2020 presidential election. Plus, globally, Brightfield Group has also projected CBD sales to hit $22 billion by 2022 , handing sizable opportunities to North American companies such as MYM Nutraceuticals Inc. (OTCQB: MYMMF) (CSE: MYM), Aurora Cannabis Inc. (NYSE: ACB) (TSX: ACB), Agraflora Organics International Inc. (OTCPK: PUFXF) (CSE: AGRA), Charlotte's Web Holdings Inc. (OTCQX: CWBHF) (CSE: CWEB), and Aphria Inc. (NYSE: APHA) (TSX: APHA).
Aphria Inc. (NYSE: APHA) (TSX: APHA) announced the launch of its new social impact platform, Plant Positivity. Championing the incredible power that plants have in overall well-being and providing greater access to green spaces for communities, Plant Positivity will be a new component of Aphria's existing Corporate Social Responsibility strategy, which will continue to deliver on the Company's commitment to give back to both people and the planet. The platform will be brought to life through three interconnected pillars - Plant Education, Plant Access, and Plant Impact. In 2019, Plant Positivity is partnering with the national not-for-profit Evergreen to create six new garden spaces this summer - the Plant Positivity Gardens - at the national headquarters, Evergreen Brick Works in Toronto. Aphria's investment will add more than 50 varieties of native plant species to the existing 8,000-square-metres of gardens across the site, a global showcase for sustainability and urban innovation that opened in 2010. Plans are also underway to develop a Plant Positivity Garden in Leamington, Ontario with a local community partner. "Finding ways to give back and fostering stronger, healthier communities everywhere Aphria operates is the core of who we are," said Irwin D. Simon, Interim CEO, Aphria Inc. "Countless studies have shown that increased exposure to plants and green spaces contributes to overall well-being. Through our Plant Positivity Gardens at the Evergreen Brick Works, we hope to make a meaningful impact on people's lives."
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