The CBD and Hemp Market Could Grow Up To 700% By 2020

CBD (Cannabidiol) is typically used for medical reasons instead of recreational purposes like getting high. The CBD products are either derived from hemp or cannabis plants. The Hemp Business Journal estimated that the CBD market will grow to a $2.1 billion market in sales by 2020. That’s a 700% increase from 2016. In 2015, the CBD market brought in a total of $202 million.

“In terms of the CBD market size, I estimate an almost $3 billion market by 2021. Right now there are fifteen states that allow CBD only, in addition to…

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