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Hemp Cannabis Product Sales Projected To Hit $1 Billion In 3 Years.
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.
CBD market will grow to a $2.1 billion market in consumer sales by 2020 with $450 million of those sales coming from hemp-based sources. Thats a 700% increase from 2016.
Business Insider Says:
CBD Market Projected to Surge.
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