Bright Future for CBD and Hemp Industry as Demand Continues to Grow
Rising demand for oil in food and beverages owing to growing awareness regarding dietary advantages of hempseed and oil is expected to propel demand.
- Rising demand for oil in food and beverages owing to growing awareness regarding dietary advantages of hempseed and oil is expected to propel demand.
- The U.S. CBD market is primed for expansive growth across its three primary sectors, hemp-derived CBD, marijuana-derived CBD and pharmaceutical CBD.
- With recent developments and advancements in the hemp industry, farmers across the country are turning their attention to commercialization looking for the road to profitability.
- The Hemp Business Journal estimates the U.S. hemp industry will grow to a $1.9 billion-dollar market by 2022.