HempCBD Investor Magazine Issue 2 - February 2020 | Page 139

Statistics project that CBD sales could touch $1.8 billion by 2022; however, it seems that it is a conservative estimate. Another report published by Brightfield this year has in fact estimated that the CBD market could be worth a staggering $22 billion a year in the foreseeable future.

That being said, it is important to point out that the growth enjoyed by the CBD industry over the past few years is not accidental. There are actual benefits for patients when they use CBD products and the range of products are being expanded exponentially by the companies in the industry. In that regard, AEC Consumer Products is expected to take a front seat in the next stage of development in the industry. There is a wide range of benefits for consumers who use CBD products. For instance, patients who had been on opioid pain medication had expressed lesser dependence on such medicines and many of them went on to quit such medication permanently. Considering the sort of damage the opioid crisis has done in the United States, it is indeed heartening to come across this particular positive effect of CBD. Additionally, it is known to help with stress, sleep, and anxiety in patients. Those qualities have led to a surge in demand for CBD products wherever they are available and analysts believe that this sort of demand will continue to rise in the years to come.

The sustained growth in the CBD industry and the demand for its products has now prompted many companies in the industry to come up with a range of CBD infused products. It has resulted in the introduction of a whole range of products like beverages, edibles, and other things. In addition to that, established companies like AEC are in the process of working on new products while fresh companies are being established as well.

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