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. 

Click here to read the complete product

Debra Borchardt ~ Forbes.com ~

 

Recent News Articles

Monday March 02

Cannabis And Lou Gehrig’s Disease: Here’s What You Should Know - Cannabis News

in Medical News

by Bruce Kennedy - Editor in Chief

Considering the neuroprotective effects of cannabinoids and the anti-spastic effects of cannabinoids in multiple sclerosis…

1539 hits

Monday March 02

Bill To Legalize Marijuana Sales Officially Passes Vermont House Of Representatives - Cannabis News

in Politics

by Bruce Kennedy - Editor in Chief

The Vermont House of Representatives finalized its approval of a bill to legalize the retail…

1478 hits

Monday March 02

Study reveals antibiotic potential of cannabis compound - Cannabis News

in Science

by Bruce Kennedy - Editor in Chief

A compound made by cannabis plants has been found to wipe out one of the…

1441 hits

Tuesday March 03

Utah’s first marijuana pharmacy opens in Salt Lake City - Cannabis News

in Cannabis News

by Bruce Kennedy - Editor in Chief

Utah’s first medical cannabis pharmacy opened Monday, giving patients a long-awaited legal option for buying…

1416 hits

Tuesday March 03

Cannabis and coronavirus: Here’s what you need to know - Cannabis News

in Medical News

by Bruce Kennedy - Editor in Chief

Given the general hype around CBD, expect to hear outlandish claims about its effect on…

1428 hits