Hemp-based cannabidiol product sales grew by a remarkable 53 percent in 2016, and the overall CBD market is projected to grow to $2.1 billion by 2020 as consumers learn more about the health and wellness benefits of CBD supplements. Hemp-based CBD product sales alone are projected to grow by 700 percent by 2020, up from $130 million last year, according to research by Hemp Business Journal. Hemp-extracted CBD accounted for 19 percent of $688 million in hemp-based product sales in the U.S. last year. (Other leading uses for hemp included food and personal care products, such as hand lotion and soap.) The overall U.S. hemp market has shown a five-year… Read More
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