Hemp-derived cannabidiol (CBD) is projected to be a billion dollar market in just three years in a new report by the data company Brightfield Group.
The Group 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.
CBD made from hemp contains less than 0.3% THC, the psychoactive ingredient that is associated with marijuana and is often used to treat various medical conditions.
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Debra Borchardt ~ Forbes.com ~