Edibles products popularity is helping to grow the U.S. medical marijuana market

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Despite the bear market that has been upon us in recent days, marijuana companies haven't shown weakness and have remained at a relatively strong stock price levels. Below are five companies in this growing industry worth researching, but first some data on the industry.

According to a report published by Hexa Research, the U.S. medical cannabis market is expected to grow significantly to reach USD 19.48 Billion by 2024. Increasing signs of medical benefits received from the use of cannabis has been one of the key drivers to fuel the U.S. medical market. Additionally, the number of states legalizing cannabis for medical consumption continues to increase due to its greater consumer acceptance as well as the increasing number of companies entering the market. Cannabis infused products are expected to gain popularity in the U.S. as the cannabis-infused solid-edibles segment dominated the U.S market in 2016 and is expected to grow at a compound annual growth rate (CAGR) of 17.8% over the forecast period.

CLS Holdings USA Inc. (OTC: CLSH) TerrAscend Corp. (OTC: TRSSF), MariMed Inc. (OTC: MRMD), Cannabis Sativa, Inc. (OTC: CBDS), The Supreme Cannabis Company (OTC: SPRWF)

Mainstream brands continue to gain interest in CBD-infused products. CBD, or cannabidiol, is a non-psychoactive compound found in cannabis plants and is considered to have significant medical benefits. According to Bloomberg, Cowen & Co. analyst, Vivien Azer, "Health and wellness consumers are beginning to find value and use cases from CBD-based oil extracts, tinctures, topicals and capsules to improve everyday life…We expect to see CBD used as a functional ingredient in non-alcoholic beverages."

 

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