Market
The CBD Hemp Oil market is one of the fastest-growing industries in the United States and across the Globe. Due to the benefits of CBD, it has been called Nature's Miracle and for good reason, it really works. We are proud of our products great effects and the lives it has changed.
According to Brightfield Group, sales of hemp-derived CBD products almost doubled to $170 million in 2016. Experts have already suggested that it will become a billion-dollar industry by 2020 or 2021.
The Hemp Industries Association (HIA) reported total U.S. retail sales of hemp products of nearly $700 million in 2016. HIA claims that U.S. hemp retail sales have increased by about 10% to more than 20% annually since 2011. Much of this growth is attributable to sales of hemp-based body products, supplements, and foods. Combined, these categories accounted for more than two-thirds of the value of U.S. retail CBD sales in 2016.
According to a new report “Global State Of Hemp: 2019 Industry Outlook” from New Frontier Data, U.S. sales of hemp products estimated at about $1 billion in 2018, are projected to grow 27% annually to reach $22 billion by 2022.
Hemp imports to the United States – consisting of hemp seeds and fibers often used as inputs for use in further manufacturing – totaled $67.3 million in 2017, 57% decrease in seed imports from the previous year, and the first half of 2018 puts the import market on pace for a 20% decrease. This downward trend is expected to continue as the U.S. hemp market continues to mature and expand.
GreenZone
Pharms
The Gold Standard