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Posted On: 05/24/2018 12:16:17 PM
Post# of 371
According to the Hemp Business Journal, the total retail value of all hemp products sold in the US was estimated to be ~$688 million for 2016. The hemp industry is anticipated to grow to $1.8 billion by 2020, a CAGR of 22% during 2016-2020. According to the Hemp Business Journal, CBD (cannabidiol) remains the fastest growing market categories in the US hemp market with an estimated CAGR of 53% till 2020.
The hemp-derived CBD market is projected to grow up to $450 million, representing 25% of the overall market size. This would represent a 300% increase, from the estimated market size of $115 million for hemp derived CBD at the end of the FY2016. The total CBD market size was $202 million in 2015, comprising $90 million from hemp derived CBD and another $112 million from marijuana derived CBD.
POTN
The hemp-derived CBD market is projected to grow up to $450 million, representing 25% of the overall market size. This would represent a 300% increase, from the estimated market size of $115 million for hemp derived CBD at the end of the FY2016. The total CBD market size was $202 million in 2015, comprising $90 million from hemp derived CBD and another $112 million from marijuana derived CBD.
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1️⃣I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
2️⃣All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
3️⃣I will not and cannot be held liable for any actions you take as a result of anything you read here.
4️⃣Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this site, expressed or implied herein, are committed at your own risk, financial or otherwise.
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