In a short amount of time the company has announced the development of its “CBD Affiliate Marketer” app, launched its “Better Mind CBD” line of products, created a white-label division as part of the Better Mind CBD business for customers who are interested in creating their very own CBD brand, and just this month, Tech Central announced that it has entered into a new retail partnership for its CBD line.
One look at the growth around the world in the legal cannabis industry and it’s pretty clear why Tech Central is navigating its way into this space. One key driver that company executives have identified for the growth is the signing of the 2018 Farm Bill. Additionally, another driver of note is the growing number of countries that are decriminalizing cannabis and legalizing the use of marijuana for both medical and recreational uses, which has broadened the industry quickly on the worldwide stage.
A number of industry experts and research firms have weighed in on the cannabis market’s growth and its effect on sales in the U.S. and abroad. Hemp-derived cannabidiol ( CBD ) alone could become a $22-billion market by 2022, according to Brightfield Group, while the marijuana market could one day reach $166 billion in annual sales, according to Bank of America.
In this arena, Tech Central is creating a “one-stop shop” of sorts for clients while creating what is an obvious “start-to-finish solution” for both itself and for any new businesses that have an interest in entering the extremely popular CBD industry.
First, In recent Company news Joseph Lewis, President of Tech Central, stated that the company has entered into a partnership and received a purchase order from Mountain High Products, Inc. According to the terms of the deal, Mountain High Products will distribute Tech Central’s Better Mind CBD products at several retail outlets.
Second, the company’s Better Mind CBD (http://www.bettermindcbd.com) products, which are already gaining traction as evidenced by the aforementioned deal with Mountain High Products, are a high-end CBD line using proprietary formulas for sleep, anxiety, inflammation and stress. Tech Central plans to market Better Mind CBD throughout the U.S. and Canada, while at the same time, continuing to expand its current product line. Tech Central expects to start generating revenues related to its Better Mind CBD product line during the current quarter-Q3 2019.
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