The recently concluded Tobacco Plus Expo at the Las Vegas Convention Center brought together enthusiasts and distributors of premium cigars, vapes, hookahs, and alternative products. The event brought together key players and their potential clientele, but the highlight of the expo remains on the leaders who are looking to revolutionize the industry.
RBC Capital Markets LLC tobacco analyst Nik Modi spoke kindly about the rise of cigarette alternatives such as chewing tobacco and e-cigarettes. Although he wasn’t a fan of these before, he notes that things are changing and companies offering alternatives now have a better selection of items.
These alternative methods include vape and other smokeless options that are gaining ground because they are far healthier compared to smoking. According to a study by the CDC, there are over 900 million vape users in the United States, which accounts for 43.2 percent of the total vape users worldwide.
By not using fire and smoke, vape users can enjoy their habit without having to think of the consequences that residue tar and carcinogens leave in their body. Bis Research suggests that vaping is expected to become a $46.9 billion industry by 2025.
Seeing the opportunity in smoking products, Diamond CBD was also present at the expo. At the Tobacco Plus Expo, this subsidiary of CBD industry leader PotNetwork Holding, Inc. (OTCMKTS:POTN), showcased its product line of vape liquids and vape additives—all of which are infused with the miracle compound that is also a growing market in itself. Aside from a wide selection of CBD-vape liquids and additives, Diamond CBD also offers its clientele some top of the line vape pens and tanks.
Cannabidiol (CBD) is a cannabinoid compound found in cannabis plants. Diamond CBD uses 100 percent CBD derived from hemp, a strain of cannabis. Unlike THC or tetrahydrocannabinoid, the other major compound found in marijuana, CBD does not have a psychoactive effect that gets users high. CBD has also been touted to provide a range of therapeutic benefits, such as relieving pain and providing calming effects.
Because of its persistence to provide the best quality vape products and the purest CBD extracts, PotNetwork recently announced that Diamond CBD has broken its sales records yet again.
In a press release by the company, it was revealed that Diamond CBD entered 2018 with $2,190,000 in revenue, a dramatic 50 percent increase from December’s revenue of $1,460,000. Diamond CBD has set the bar for its sales records and based on its growth set in 2017, there’s a good chance that the company could see another record-breaking month soon.
The success of both PotNetwork and Diamond CBD is turning the heads of CBD enthusiasts and investors alike. Based on its growing revenue, Diamond CBD is looking more and more like a viable candidate for investment. With CBD sales projected to grow up to 700 percent in the next three years, it is a good idea to get behind Diamond CBD’s vape and the green movement.