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CBD sales in the US over the next two years will likely exceed the value of all combined global hemp sales for 2017 (~$3.9b). A modest market for it in the US m
by adventured 8y ago
CBD sales in the US over the next two years will likely exceed the value of all combined global hemp sales for 2017 (~$3.9b). A modest market for it in the US makes it a billion dollar crop.
"That would create a legal market for CBD that could be worth more than $20 billion by 2022, according to research firm Brightfield Group. ... Next year alone, sales of hemp-derived CBD in the U.S. are expected to rise almost 10-fold to $5.7 billion, according to Brightfield."
https://www.bloomberg.com/news/articles/2018-12-19/trendy-hemp-compound-cbd-set-for-big-boost-from-u-s-farm-bill https://www.bloomberg.com/news/articles/2018-12-19/trendy-he...