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Join The Hottest Wellness Trend & Next Billion Dollar Industry Listing ID: 638566

Number of Times Viewed: 97

Classified Ad Info

  • Listing Began:
  • Jun 14-21:47
  • City
  • Phoenix
  • State
  • Arizona
  • Zip Code:
  • 85002
  • Country
  • United States

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"Hemp . 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. That's a 700% increase from 2016."

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