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Cannabidiol News March 26 2020

Posted On March 26, 2020 at 5:04 am by / No Comments

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The CBD Store

Augusta Free Press

Drug Target Review

Glossy
For a brand like Cannuka, the pivot has had to come quickly. Nearly 97% of its 2019 revenue was from brick-and-mortar, said Michael Bumgarner, Cannuka founder, who has been candid about the need for retail due to constraints with online advertising. The brand is in over 2,000 doors through partners like Ulta, Nordstrom and Neiman Marcus. Cannuka projected between 600% and 1,000% sales growth in 2020; as of this week, the company has not determined what new projections will be.


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