- CBD market is set to reach or exceed $1.8 billion by 2020
- PotNetwork Holdings’ sales jumped 30 percent from June to July
- Subsidiary Diamond CBD distributes products to 10,000+ stores in 50 states
The future for the cannabidiol (CBD) market remains bright. Brightfield Group recently projected hemp-derived cannabidiol to become a billion-dollar market by 2020, given a current compound annual growth rate of 55 percent (http://cnw.fm/izY0J). PotNetwork Holding Inc. (OTC: POTN) recently published estimates by Hemp Business Journal (http://cnw.fm/znF9O) suggesting that hemp-based CBD will be a $1.8 billion market by 2020. PotNetwork Holding, the holding company for Diamond CBD, has been quite active and dominant in the market and projects that the industry will exceed $2.1 billion by then. Diamond CBD has enjoyed success with its 15+ CBD brands and distribution network of more than 10,000 stores selling its products. SeeThruEquity, LLC has projected POTN to exceed $30 million in revenue by FY2019.
PotNetwork Holding has experienced rapid sales growth, jumping 30 percent from June to July, when it reported $1,459,137 in sales. For the first six months of FY2017, it reported sales volume in excess of $5 million, marking a 178 percent year-over-year increase in revenue. The company also sold $820,000 in products at three recent trade shows – CHAMPS, the BIG Industry Trade Show and the Market Week Event. This past August, it saw success at BIG, where it sold more than…
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