Mar 04, 2020 (Stock Market Press via COMTEX) -- Online has traditionally controlled some 70% of all CBD sales, so social media such as Facebook, Twitter, Instagram, Snapchat and other sites are key selling platforms for CBD markets. But in the current concerns about catching coronavirus, and staying away from crowds, online buying digitally may be even more important now.
The CBD market has drawn such intense interest that media companies such as stockmarketpress.com features specialized coverage of CBD related stocks such as CBD Unlimited, Inc. (OTC PINK: EDXC), Canopy Growth Corp. (NYSE: CGC), New Age Beverages Corp. (NASDAQ: NBEV), GW Pharmaceuticals PLC (NASDAQ: GWPH), Neptune Wellness Solutions Inc. (NASDAQ: NEPT) (TSX: NEPT). Aurora Cannabis Inc. (NYSE:ACB) (TSX: ACB), Supreme Cannabis Co. (OTC:SPRWF) and OrganiGram Holdings Inc. (NASDAQ: OGI).
CBD Positioned Online In Social Media To Sell On Facebook, Twitter, Instagram And Snapchat
Online is more than just a place with social media and influencers convince consumers to buy CBD. Rather, it is a proven resource of information for people who want to know more about CBD and its benefits. A recent U.S. News & World Report article found that online monthly inquiries for CBD were higher than for any other single health issue or product. CBD Positioned Online In Social Media To Sell On Facebook, Twitter, Instagram and Snapchat.
Omni-channel marketing is a successful strategy that incorporates digital and social media sites as well as brick-and-mortar mass market stores, pharmacies, convenience stores and bodegas.
CBD Unlimited, Inc. (otc pink:EDXC) sells anywhere consumers are seeking to buy CBD, even in high tech self-service kiosks.
Online CBD Sales Dominate, But In-Person Brick-And-Mortar Selling Is Also Necessary
While online holds a approximate 70% share of CBD sales, dispensaries and a wide variety of in-person retailers offer new consumers answers to questions -- especially customers new to CBD. U.S. consumers are wary but not hesitant to try something new -- especially when they hear from neighbors, family and friends about the benefits of CBD. The demographics of CBD buyers is wider than first believed. It is applicable to senior consumers as well as younger buyers.
CBD Unlimited, Inc.'s (otc pink:EDXC) Aggressive Marketing Plans
CBD is in uncharted marketing territory. Consumers are curious about its properties and effectiveness. First, they may want to try it in skincare and beauty. Then they may progress to ingestible foods, drinks and perhaps even CBD for their pets. In every market, CBD Unlimited, Inc. (otc pink:EDXC) has product available.
CBD Unlimited, Inc. (otc pink:EDXC) ensures product quality with its seed-to-shelf strategy that enables the company to have complete control over processing the American-grown hemp. Marketing through multiple product lines in an omni-channel focus makes sure that the company's CBD product is abundant wherever consumers shop: malls, mass merchants, pharmacies or online through social media sites. CBD positioned online in social media to sell on Facebook, Twitter, Instagram and Snapchat.
CBD's Projected $20 Billion Sales By 2024
Research projections by Brightfield Group for CBD have it reaching $20 billion by 2024. CBD companies that use American USDA and state regulated hemp-based products grown domestically are on track to win market share in 2020. American-based and regulated hemp-sourced CBD is a priority of health-conscious and wary American consumers today. Social media sites and online influencers are important, but brick-and-mortar remains critical to closing face-to-face sales of new consumers to CBD.
CBD Unlimited, Inc. (OTC PINK: EDXC) ensures that its CBD product is monitored every step of the way: from U.S. hemp growing, processing and marketing. The consumer can be confident of the brand and investors in the company can be assured of its attention to controlling product quality.
Source: Stock Market Press
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