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ProfessorCBD believes that 2022 will be the year of the expansion of the cannabis business

the CBD company has grown by 1,113% last year and forecasts that the value of the CBD market will reach 11.8 billion euros in 2028.”There is less and less stigma and more information. People are not afraid of him. And he begins to understand that it is a safe and effective product to alleviate different disorders. It happens with CBD in particular and with cannabis in general. In Spain, 10.7% of the population already acknowledges being a regular user of one of the plant’s formats”, highlights Borja Iribarne, founder and CEO of ProfessorCBD.

«We are beginning to realize that cannabis has many properties They can help reduce various types of health problems. For this reason, the rate of demand for CBD or cannabidiol, the non-psychoactive component of the plant, continues to increase, in Spain and in the world. Not surprisingly, CBD shows excellent results in research that uses it to combat anxiety, nausea, epileptic seizures, pain and other types of discomfort“, he indicated.

This trend is part of an increasingly pressing intention to take care of oneself. People want natural products that improve your physical and mental health. He looks for them, he informs himself… In fact, according to a report by CBD-Intel, 38% of CBD users in Europe use it to alleviate the pain, 26% to reduce stress and 10% to relax.

There is more data that reflects that the European market is already poised for massive growth, as the same report follows: 56% of Europeans have heard of CBD and 16% have used it; and 82% of users would recommend it to a friend.

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Globally, according to a study by Grand View Research, the value of the CBD market is forecast to reach €11.8 billion by 2028, with a CAGR (Compound Annual Growth Rate) of 21.2%.

And Spain?

We are the fifth country in sales volume in Europe. “2020 has been an excellent year for the CBD sector in this country, as our own data attests: last year we grew by 1,113%. And, in 2021, we are on track to exceed one million euros in turnover”, affirms Borja Iribarne.

ProfessorCBD reached 70% of the financing round in 24 hours, both with investors who were already inside and wanted to increase their participation quota and with new partners who had contacted the company in recent months interested in investing in the project. That investors have responded so positively is an excellent sign, because those inside are the ones who handle all the confidential figures of the business, and who can better assess whether it is worth continuing to invest. They have led this last injection, close to a million euros. They hope to close the round in mid-January and the money will be used for their expansion throughout Europe, R&D&I and the signing of new talent.

It is a boiling and growing market. The final push will be given the regulation of its use in Spain. When that time comes, the company aspires to be the best-positioned CBD company in the country. But interesting things are already happening: in the first nine months of 2021 alone, there have been 144 M&A (Merge and Acquisitions) of cannabis-related companies (cultivation and retail). In 2020, there were 32. Investing in CBD, today, is already profitable, because the scalability of a business in an unregulated market is much greater.

ProfessorCBD sells directly to the consumer through its own website. Internationally, it operates in four of the main markets: France, Italy, Great Britain and Germany.

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