Recent reports indicate that the cannabidiol (CBD) market is estimated to grow by 700 percent by 2020, and a report by market intelligence firm Hemp Business Journal projects that the CBD market will grow to $2.1 billion by 2020, an astronomical jump in value compared to last year’s CBD market of $202 million.
Studies show that cannabidiol (CBD) possesses an array of therapeutic benefits, including antioxidant and neuroprotective properties. CBD products can be derived from industrial hemp plants or marijuana plants.
- CBD is an ideal component of a pre- and post-workout regimen.
- CBD works as an anti-inflammatory and relieves muscle spasms.
- CBD also works to relieve pain.
- CBD protects the heart, lungs and brain. Often essential when it comes to high-intensity and competitive training
- CBD reduces nausea, increases appetite and aids sleep
West Coast Ventures Group Corp. (OTCQB: WCVC) has already one foot in the rapidly expanding multi-billion-dollar CBD industry.
On January 7th, the company announced an agreement with San Francisco-area based Biolog, Inc. to conduct a cannabis infusion technology trial. WCVC’s Illegal Burger recently announced a cannabis-themed restaurant joint venture with the AmeriCanna Cafe.
The cannabis infusion technology trial will be conducted in conjunction with the cannabis themed restaurant rollout. The proprietary technology from Biolog enables the infusion into virtually any food with a very accurate dose of fast onset, highly bioavailabile, cannabinoids.
Jim Nixon, CEO of WCVC commented, “We are excited about this upcoming trial and we hope to implement this technology across all of our properties. The Biolog products will enable us to infuse our foods with CBD, which is very popular right now and will be of great interest to our customers. We expect a very positive response to WVCV being the first culinary group to use CannaStix.”
The CannaStix products are solid seasonings and spice that not only infuse any cooked food with cannabinoids, but also make foods taste great. Biolog’s predecessor company launched a non-cannabis version of the product into the market place last year to considerable success. Biolog is expecting an even bigger response for the cannabidiol (CBD) version of the product line. Biolog plans to soon launch a series of cannabinoid infusion products for both food and beverages over the coming weeks. Biolog’s products are protected by multiple patents, which cover the product and the method of production.
West Coast Venture’s trial of CannaStix will utilize only the CBD versions of the product, but the companies have agreed to explore the possibility of distribution of all Biolog’s products within WCVC’s home state of Colorado to be included as part of the agreement signed by both companies.
Lst month, the company announced today that its Illegal Burger and El Senor Sol will begin carrying EVERx CBD Sports Water produced by Puration, (USOTC: PURA). Puration launched the EVERx CBD Sports Waters in the spring of 2017 Illegal Burger was recently recognized for its same store year over year growth outpacing all its competition as announced in National Restaurant News. Now Illegal Burger and El Senor Sol will lead the way by introducing CBD infused beverages to the menu.
Puration launched the EVERx CBD Sports Waters in the spring of 2017. The company’s sales grew 600% in the first year after the launch of EVERx. Kiwi Strawberry and Lemon Lime flavors are now available in addition the Original EVERx CBD Infused Sports Water. EVERx has more than twice the CBD of most CBD infused waters on the market. A proprietary technology enables EVERx to suspend more CBD than its competitors and still have a crystal-clear appearance and a refreshing taste.
Based in Denver, Colo., West Coast Ventures Group Corp. (WCVC) develops, owns and operates two contemporary restaurant concepts: Illegal Burger, a quick-casual burger + bar concept, and El Señor Sol, a full-service fresh Mexican restaurant (6 restaurants in the Denver Colorado area). Led by seasoned restaurant entrepreneurs, WCVC management is committed to scaling both modern sustainable concepts into national franchise models operating metro-styled restaurants serving only the finest and freshest natural ingredients.