Analysts have estimated the hemp-CBD market to hit 22 billion by 2022, as consumers around the world increasingly looking to CBD oils, edibles, and other products to help treat chronic pain conditions and as a potential preventative measure for muscle soreness and inflammation. CBD sales are booming today, as growers of hemp ramp up production in response to increasing demand.
Cannabis legalization is sweeping over North America, 10 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018.
The volatility in cannabis stocks is luring a growing number of investors toward American Green, Inc. (OTC: ERBB) .
American Green, Inc. (OTC: ERBB) became, in 2009, America’s second publicly-traded company in the cannabis industry. American Green now, with its more than 50,000 individual certified shareholders, is one of the largest (in shareholder count) in the cannabis sector, American Green’s mission is to lead the cannabis and premium CBD industry. Leveraging our team of professionals in cultivation management, manufacturing, extraction, wholesale, retail, and community outreach, we strive to develop sustainable initiatives in the cannabis-adjacent and CBD industries, laser-focused on adding company and shareholder value.
Last week, the company announced that one of its best AGM Smart Vending Machine Kiosk customers, Earthly Mist, has successfully integrated ERBB’s proprietary vending technology. so that their retail customers and staff never need to interact together in order to complete a transaction at their stores. As a result, this contact-free transaction keeps all parties safer in our Covid-19 environment. Earthly Mist, like most companies in the retail sector, found itself in a situation when Covid 19 hit, of having to close its stores unless it found a way to continue to serve its clients without risking the health of its employees and customers. Store management came up with a solution to deploy their American Green AGM kiosks to carry out a complete transaction without any human interaction whatsoever.
In other news, American Green plans to open up 10 additional major markets to experienced vending operators wishing to sell American Green’s Premium CBD line of products. In addition to the AGM smart vending kiosk, the company is also a leading online supplier of America-made, high quality CBD products which it plans to “marry” to its state-of-the-art AGM machines.
If the snowball starts rolling toward a bullish event, the bounce buying volume coupled with the long buying volume from bulls and momentum traders could create an extremely volatile near-term spike in American Green, Inc. stock.