Exclusive: New Report Predicts CBD Market Will Hit $22 Billion by 2022
Looking forward to relaxed hemp regulations, a new analysis estimates that the CBD market could explode — and outpace marijuana
For years, experts have predicted that if the cannabis industry expands at its current rate, the American market will reach $20 billion by 2020. But it turns out that one market is spinning off into a mega-industry of its own: according to a new estimate from cannabis industry analysts the Brightfield Group, the hemp-CBD market alone could hit $22 billion by 2022.
CBD, a non-psychoactive cannabinoid found in cannabis, has had a surge in popularity over the past couple of years. Unlike THC, the chemical compound that gives weed its signature effect, CBD has been shown to help with everything from PTSD and anxiety to MS and epilepsy — without getting you high.
Previously, CBD products have been available mostly in head shops, with a few doctors recommending it for various maladies. But in 2017 and 2018, the products spread to natural food stores, beauty aisles, cafés and doctors offices. So far the industry is on track to hit $591 million in 2018, and thanks to a number of factors — including, surprisingly, Senate Majority Leader Mitch McConnell — that could increase 40 times in the next four years.
This cannabis company, may grow to have higher value. Although, for a long term future play I'm unsure of whether this company will be worth standing or if it will potentially have some pump and dumps in the future.
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Exclusive: New Report Predicts CBD Market Will Hit $22 Billion by 2022
ReplyDeleteLooking forward to relaxed hemp regulations, a new analysis estimates that the CBD market could explode — and outpace marijuana
For years, experts have predicted that if the cannabis industry expands at its current rate, the American market will reach $20 billion by 2020. But it turns out that one market is spinning off into a mega-industry of its own: according to a new estimate from cannabis industry analysts the Brightfield Group, the hemp-CBD market alone could hit $22 billion by 2022.
CBD, a non-psychoactive cannabinoid found in cannabis, has had a surge in popularity over the past couple of years. Unlike THC, the chemical compound that gives weed its signature effect, CBD has been shown to help with everything from PTSD and anxiety to MS and epilepsy — without getting you high.
Previously, CBD products have been available mostly in head shops, with a few doctors recommending it for various maladies. But in 2017 and 2018, the products spread to natural food stores, beauty aisles, cafés and doctors offices. So far the industry is on track to hit $591 million in 2018, and thanks to a number of factors — including, surprisingly, Senate Majority Leader Mitch McConnell — that could increase 40 times in the next four years.
I see $RMHB as the most undervalued CBD infused water co at the moment. If 0.015 breaks with strength could see a 0.02 slingshot
ReplyDeleteI have been holding onto this for awhile now. Thanks for the info.
ReplyDeleteThis cannabis company, may grow to have higher value. Although, for a long term future play I'm unsure of whether this company will be worth standing or if it will potentially have some pump and dumps in the future.
ReplyDelete