By 2029, the global cannabis market could be as big as $130 billion, with CBD beverages contributing a significant portion.
2019 is set to be the breakout year for this industry, as dozens of companies are beginning to launch their CBD water, tea, and other hemp-infused drinks.
International demand for CBD infused products has increased exponentially over the past year.
A joint venture between Molson Coors Canada and cannabis producer Hexo has announced plans to launch a line of CBD-infused water in partnership Flow Glow Beverages, the team behind Flow Alkaline Spring Water.
The joint venture says its portfolio of pot-based drinks set to hit the market later this year includes a CBD-infused spring water as well as beverages containing THC.
American Premium Water Corporation (OTC:HIPH) is already one step ahead with its LALPINA Hydro CBD water launched last August.
The Company is also engaged in discussions with distributors in Canada for its LALPINA CBD and LYNKS Pet CBD water and is seeking licensing and partnership opportunities for THC applications of its propriety hydro nano technology in the country.
The company continue to expand more rapidly, not just in Canada and Europe, but also throughout Asia, Latin America and Australia.
According to a recent press release, the company announced that it is engaged in discussions with distributors in Australia, Mexico, and Colombia to sell the Company’s products. Both CBD and non-CBD products will be sold to these distributors. Exploratory discussions are also underway with distributors in the Pacific Rim region. The Company expects sales to begin in these regions in the 3rd and 4th quarter of 2019.