SinglePoint, Inc (OTCMKTS:SING) Announces The Remarkable Performance Of Its Hemp™ Cigarettes

SinglePoint, Inc (OTCMKTS:SING) Announces The Remarkable Performance Of Its Hemp™ Cigarettes

SinglePoint,
Inc (OTCMKTS:SING)
is
pleased about the success it witnessed at the 2019 National Association of
Convenience Stores Show (NACS). The company sold multiple cases. It says the
demand for Pure American Hemp™ Cigarettes has shot up. This business guru vows
to do all within its means to ensure it adequately serves this demand and also
reaps the high revenues.

Research findings

 The Arcview Market Research projects and BDS
Analytics have been conducting market research in the U.S. They estimate that
by 2024, the collective market for CBD products will have surpassed $20
billion.

On the other hand, the New York-based
investment bank Cowen & Co points to a figure of about $15 billion by 2025.
The lead researcher for this body says the smokable hemp market at the moment
is representative of about 2% of the entire CBD market. However, it has
witnessed a 250% growth between 2017 and 2018, and he thinks the future is even
more promising.

A Chicago-based cannabis market
research firm Brightfield Group is the other one that has unveiled its
findings. According to its research, the dried and smokable hemp flowers are
performing quite well. The body has rated it as one of the fastest-growing
segments in the whole CBD market.

Importance
of the event

SinglePoint is pleased that the event
also had it interact and share a lot with the representatives of the various
stores that bought from it. These retail owners represented about 2500 stores.
The others that the company interacted with included some buying groups and
national distributors who were linked to about 20,000 retail locations. There
is a massive demand to be met, and the business giant has already ordered
additional products.

It was in the previous year that the
2018 Farm Bill was passed, and the CBD hemp flower mainstreamed. It was a
transformative moment because the market for hemp cigarettes that fall under
the innovative products category has gone up. SinglePoint says it is making
major investments in efforts to add more reliable suppliers. Such suppliers are
necessary for the company to succeed in its efforts to move its wide range of
products. The company is pleased to be rated as one of the dominant players in
the market.

Published at Thu, 17 Oct 2019 12:15:30 +0000