The CBD Industry and Its Future
The highly motivated management and a range of excellent products make AEC Consumer Products a company to watch out for in the CBD industry. However, in order to properly understand the potential of the company, it is necessary to have a closer look at the CBD industry in general and figure out how big it can eventually become. At its outset, there have been a lot of misgivings about CBD based products but slowly but surely, it has become known that it is a product of a non-addictive nature and is manufactured from hemp, as opposed to Marijuana, because Marijuana contains much smaller amounts of CBD and large amounts of psychoactive THC.
Nowadays, CBD products are legal in the United States and that is one of the biggest developments for the industry. While Canada remains a huge market, it should be noted that the United States remains the most lucrative market for the industry at large and for American companies like AEC Consumer Products.
Studies by most market research firms suggest that the CBD industry is going to grow exponentially in the years to come and naturally, such fabulous growth is only going to be good news for firms like AEC Consumer Products. Total sales of CBD added up to $262.2 million back in 2016 but over the years it has grown at a far higher pace than it had been expected by most market watchers and analysts.
Website: www.lidopaincream.com
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