Las Vegas based entrepreneur Joe Vargas has purchased the web domain CBDOil.com for just over $500,000.
Vargas already owns three physical CBD stores in Vegas, and runs a successful online store. Thanks to the growing success of the business he told DN Journal he was prepared to pay up to a million dollars for the domain.
Speaking to the website Vargas outlined his bold plans for the new domain: “CBDOil.com will be a marketplace, a hub for great content and a place people can trust to buy highest quality all-natural medicine and learn about how cannabinoids can help their ailments. The Amazon of CBD with a lot of education.”
The high profile purchase is a further signal of the confidence in the US CBD market, which is estimated to be worth over $2 billion dollars. Whether the new website will live up to the expectation of the domains price tag remains to be seen, but it is yet another indication that CBD is more than just a fad.
Take two of the most hot-button, tendentious issues of our time – cannabis use and gun rights – combine them, and now we really have a debate. As the law currently stands, medical cannabis patients are not afforded their 2nd amendment right to bear arms. Technically, all cannabis consumers are banned from buying guns, but only medical […]
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Cannabis policy changes in Africa are welcome. But small producers are the losers by Clemence Rusenga
Cannabis is a drug crop with a long history in Africa. Alongside coca and opium poppy, it has been subjected to international control for nearly a century. The International Opium Convention of 1925 institutionalised the international control system and extended the scope of control to cannabis. In 1961 a new international convention was adopted to […]
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University of Sydney to Offer Free Cannabis Testing by Johnny Green
The University of Sydney is launching a fairly robust study in an attempt to, as the university describes it, “investigate cannabis consumption, behaviours, and attitudes among users.” Part of the study involves offering free, anonymous cannabis testing for people that cultivate their own cannabis in the Australian Capital Territory (ACT). Cannabis was decriminalized in 2020 in the […]
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