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1.35 MB
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Extraction Summary

1
People
3
Organizations
1
Locations
0
Events
1
Relationships
3
Quotes

Document Information

Type: Financial research report / market analysis
File Size: 1.35 MB
Summary

A page from a Cowen and Company financial research report dated February 25, 2019, analyzing the U.S. CBD market. The report projects a $16 billion revenue opportunity by 2025, breaking down the market into sectors such as nutraceuticals ($6.4bn), topicals ($4bn), and beverages ($2.4bn). The document bears a 'HOUSE_OVERSIGHT' Bates stamp, suggesting it was produced as part of a Congressional investigation, potentially related to financial records, though no specific Epstein connection is visible in the text of this specific page.

People (1)

Name Role Context
Michael Cella Recipient/Employee
Email address michael.cella@cowen.com appears in the watermark indicating the report is specifically intended for him.

Organizations (3)

Name Type Context
Cowen and Company
Financial services firm that produced the report.
U.S. Census
Cited for population projections.
House Oversight Committee
Implied by the Bates stamp 'HOUSE_OVERSIGHT_024825'.

Locations (1)

Location Context
The market geography being analyzed for CBD revenue.

Relationships (1)

Michael Cella Employment/Affiliation Cowen and Company
Email address domain @cowen.com in watermark.

Key Quotes (3)

"With growing consumer awareness, we conservatively believe that CBD use can grow to 10% of adults in the U.S., or ~25 mm consumers (using current population) by 2025."
Source
HOUSE_OVERSIGHT_024825.jpg
Quote #1
"If we assume that the average consumer ultimately spends $640 per year (or less than $2 / day), that would imply a $16 bn market opportunity for CBD."
Source
HOUSE_OVERSIGHT_024825.jpg
Quote #2
"This report is intended for michael.cella@cowen.com. Unauthorized redistribution of this report is prohibited."
Source
HOUSE_OVERSIGHT_024825.jpg
Quote #3

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