When the Farm Bill passed back in 2018, it became clear that CBD was here to stay. Since that time, many leading pot stocks to watch have grown from their involvement in CBD. If you invest in cannabis stocks, it’s hard to avoid the potential of the CBD industry. Since the Farm Bill was created, the CBD industry has developed into a multi-billion dollar market.
A report focused solely on the CBD pet market says: “Pet-and-animal product sales are estimated to reach USD 125 million by 2022, representing a 5-year CAGR of 57%, among the fastest-growing sectors in the CBD market,” and it’s easy to see why cannabis companies are pouncing on the opportunity.
Nearly 26% of American adults with dogs are using hemp-CBD products. Half already use hemp-CBD for their dog, while the other half only use it for themselves.
CBD industry forecasters say that about 7 percent of overall CBD sales will come from pet products in the U.S.
Cannabis stocks recovered nearly all of the losses from June during July, with the Global Cannabis Stock Index increasing 9.0% to 32.07. If you’re just tuning in, this month has seen some of the most volatile penny stocks breakout into the thousands of percentage points overnight.
The Increased Volatility in Cannabis Stocks Makes Link Reservations Inc. (OTC: LRSV) an Ideal Candidate For a Short Term Breakout.
LRSV has been a wild mover and we’ve seen shares rising from around 0.01 to highs of 0.22 last year. LRSV is one of the low float penny stocks to watch this month. Shares started pushing higher last week. We Believe that LRSV shares are EXTREMELY oversold at current price (0.015) and has UP to 1000% Upside Potential.
Low float stocks have a considerably smaller number of shares that are available for trading and because of this they have a tendency to be extremely volatile due to the lower supply of shares.
LinkResPet (OTC: LRSV), is CBD Petcare provider dedicated to improving the health and life conditions of pets worldwide. Developing and marketing hemp-based CBD products for cats, dogs and horses, Link Reservations Inc is currently present in Europe and in the US. A pioneer in the area.
Volatile stocks can generate big returns for investors brave enough to hold on for the ride.