Growing Market Share for CBD-based Products Projected to Exceed $2 Billion

Growing Market Share for CBD-based Products Projected to Exceed $2 Billion
Growing Market Share for CBD-based Products Projected to Exceed $2 Billion

PALM BEACH, Florida The Hemp Business Journal estimated that the CBD market will grow to a $2.1 billion dollar market in consumer sales by 2020 with $450 million dollars of those sales coming from hemp-based sources. That's a 700% increase from 2016. CBD or Cannabidiol, is a primary component of the marijuana plant but can be derived from the Hemp plant as well.


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