RE:Cannabidiol-infused Beverages Could Be Canada's Next Big Ind
CBD Beverages Could Be A Cornerstone of Canadian Economy
With the legalization of CBD-infused foods and beverages set to become official this year, the industry is set to challenge energy drinks and perhaps even alcohol in the legal recreational product market.
Being the first pure-play U.S. focused CBD hemp company from Canada, Phivida Holdings Inc. (CSE:VIDA) (OTC:PHVAF) has the opportunity to potentially dominate both markets.Since its IPO in December, the company saw its share price nearly double in three months, starting at $0.78 to what is now a $1.49 stock.
People's perception of cannabis consumption has changed. Cannabis is no longer something just to get "high" on. As cannabis legalization begins to spread around the globe, a unique market based on the health appeals of CBD will likely emerge. Just how big this market could grow is anyone's guess, but the potential is there for it to rival Red Bull and become one of the hottest sectors in the beverage industry.