The Hemp-Infused beverages will be available in five flavors. Why It's Important The legalization of hemp and hemp-derived CBD has created a major opportunity for beverage makers to tap into a new market. Canaccord estimates the market for CBD-only beverages could reach $260 million by 2022. In this way, a number of companies announced their entry into the CBD beverages market last year. New Age Beverages Corp (NASDAQ: NBEV ) announced its portfolio of CBD drinks last year and earlier this year announced its expansion with Bob Marley-branded offerings following a partnership with Docklight Brands. Youngevity International (NASDAQ: YGYI ) also added two CBD beverages to its line of hemp-derived CBD products HempFX. Life on Earth said it's in the process of finishing arrangements with supply-chain partners and plans to release the products into the marketplace by summer.