Hemp providing avenue for marijuana businesses to boost profits, extend brands
By Bart Schaneman
Marijuana businesses are increasingly expanding into CBD products derived from hemp, capitalizing on the hemp industry’s growth and less restrictive legal status.
The diversification allows cannabis-infused product companies, in particular, to expand their geographic sales reach, bolster profits and boost brand recognition.
Hemp-derived products don’t face the same restrictions as those containing THC, giving marijuana-infused products manufacturers the opportunity to expand their offerings and sell in new states.
“If you want to build a national brand right now as a marijuana company, one of the great ways to do that is by starting a CBD
Hemp providing avenue for marijuana businesses to boost profits, extend brands is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs