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Will The Hemp Industry Surpass The Billion Dollar Mark?

Tuesday, September 05, 2017

The hemp industry has exploded over the past couple years, with it’s acceptance spreading around the country as beneficial evidence is unearthed day in and day out. With the numbers wowing investors and insiders, it’s now expected that the industry will soon reach the billion dollar mark…

“Hemp-derived cannabidiol (CBD) is projected to be a billion-dollar market in just three years, according to a new report by Brightfield Group. The data company estimates that hemp CBD sales have already hit $170 million in 2016 and a 55% compound annual growth rate over the next five years will cause the market to crack the billion-dollar mark…” [ Read more here ]