Hemp Market Growth

CBD Products Fuel Massive Growth in U.S. Hemp Market

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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Childhood Epilepsy Patients See Dramatic Reduction in Seizures with CBD

Reducing or even eliminating seizures in children, particularly those with childhood epilepsy, continues to be a main focus for clinical studies into the health benefits of cannabidiol, or CBD. But sometimes the most compelling evidence comes from stories of children whose lives have been transformed after they began using CBD-based supplements. Recently, the family of 11-year-old Billy Caldwell reported that the boy has not suffered a seizure in 300 days. Billy had suffered up top 30 potentially fatal seizures each month, and his epilepsy was not responding to traditional diet and pharmaceutical treatments. Doctors in the United States suggested a supplement plan that included CBD, and Billy has continued the… Read More

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