Cannabis Report
Home > Boards > US OTC > Cannabis > Hemp, Inc. (HEMP)

CBD and Hemp Production In US Doubled From 2016

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
worldisfullofDerps Member Profile
 
Followed By 32
Posts 3,605
Boards Moderated 0
Alias Born 07/30/13
160x600 placeholder
ALYI Share Price Consolidation Building Toward Potential Breakout On News InvestorsHub NewsWire - 5/31/2018 12:58:48 PM
PURA ALERT - BUY Recommendation - $0.04 PPS With Retrace Potential To $0.08 InvestorsHub NewsWire - 5/17/2018 10:49:57 AM
PURA ALERT - BUY Recommendation Issued Following Canadian Grow Operation News InvestorsHub NewsWire - 4/25/2018 11:00:44 AM
PURA - AmericanBulls Issues BUY Recommendation After Market Reaction To Increased Sales And Cannabis Beverage Buyout Interest InvestorsHub NewsWire - 2/14/2018 9:25:55 AM
Merger and Acquisition Activity is Heating Up in the Cannabis Industry NetworkNewsWire - 12/7/2017 8:45:00 AM
PURA Up 35% Since BUY Recommendation And After Breaking Through $0.03 200 MA InvestorsHub NewsWire - 12/6/2017 2:10:41 PM
BUY Recommendation Following Market Reaction To Canadian Cannabis Beverage InvestorsHub NewsWire - 11/16/2017 12:58:54 PM
Bahamas Dev. Corp. (OTC PINK: BDCI) Partnered with Wells Fargo $2.4mm Revenue InvestorsHub NewsWire - 11/13/2017 7:00:00 AM
Companies Vying for a Share of the Fast-Growing Medicinal Cannabinoid Market NetworkNewsWire - 11/1/2017 8:45:00 AM
USMJ and PURA Both Rated VERY BULLISH After Cannabis Restaurant and Beverage Announcement InvestorsHub NewsWire - 10/19/2017 10:29:49 AM
PJET - Latest Entrant To Cannabis Sector Brings Fresh Face To Give POTN HEMP and MJNA Run For Their Money InvestorsHub NewsWire - 10/17/2017 11:34:02 AM
USMJ and PURA Building PPS Momentum Prepping For California Recreational Marijuana Legalization InvestorsHub NewsWire - 10/4/2017 9:23:15 AM
Cannabinoid Consumer Market Booming as CBD Enjoys Growth in Public Sentiment NetworkNewsWire - 9/21/2017 8:45:00 AM
Innovative Cannabis Players Offer Promising Entry into Explosive Market NetworkNewsWire - 9/14/2017 8:45:00 AM
MJAC 2017 Speaker Update - How venture capital and cryptocurrency are converging as the future of cannabis investing InvestorsHub NewsWire - 8/30/2017 10:29:33 PM
Cannabis Companies Cater to an Increasingly Large and Diverse Industry NetworkNewsWire - 8/29/2017 8:45:00 AM
PotNetwork Holdings, Inc Confirmed for MJAC 2017 InvestorsHub NewsWire - 8/28/2017 10:43:55 AM
MJAC 2017 International Cannabis Conference - Discount Code InvestorsHub NewsWire - 8/24/2017 8:40:00 AM
MJAC 2017 - Speaker Update - Investing In The U.S. Cannabis Market InvestorsHub NewsWire - 8/22/2017 1:27:13 AM
Breaking News: Hemp, Inc.'s Industrial Hemp Processing Facility Operational InvestorsHub NewsWire - 8/8/2017 12:22:55 PM
PURA - Puration Advances $100 Million Revenue Strategy As Marijuana Justice Act Is Proposed To Congress InvestorsHub NewsWire - 8/8/2017 10:21:03 AM
Absent Federal Banking Support, Cannabis Market Shows Growing Interest in Proprietary Bitcoin Payment Solutions NetworkNewsWire - 8/8/2017 8:45:00 AM
worldisfullofDerps   Friday, 11/10/17 01:05:06 PM
Re: None
Post # of 94476 
CBD and Hemp Production In US Doubled From 2016

BY GREENCAMP NEWS, November 10, 2017

CBD has proved to be the solution to many health problems and found a use in multiple industries aside from health, such as food, drinks, and several others.

The stellar growth is projected to keep going through the roof for the next 10 years at least.

In the US, hemp cultivation is allowed under House Bill 3530: The Industrial Hemp Farming Act of 2017, but only for university research projects and on strains with less than 0.3% of THC content.

32 universities from 19 states have started growing cannabis for these research studies, including some of the biggest programs in the country such as Colorado, Kentucky, Minnesota, New York, North Dakota, Oregon, and Tennessee.

CBD will be a billion-dollar industry

Cannabis advocacy organization Vote Hemp found that production in the US increased dramatically from less than 10,000 acres of hemp in 2016 to just over 23,000 this year.

“The majority of states have implemented hemp farming laws, in clear support of this crop and its role in diversifying and making more sustainable our agricultural economy,” Vote Hemp President Eric Steenstra said.

“It’s imperative that we pass the Industrial Hemp Farming Act in Congress so that we can grant farmers full federally legal rights to commercially cultivate hemp to supply the growing global market for hemp products,” he added.

Brightfield Group reported that hemp-derived cannabidiol (CBD) is projected to be a billion-dollar market in just three years.

The data compiled suggests that hemp CBD sales have already hit $170 million in 2016 and a 55% compound annual growth rate over the next five years will push it over the billion-dollar mark.

Just last year, hemp sales reached $688 million USD, according to the Hemp Business Journal, which estimates that the hemp market has been growing at a 22% compound annual growth rate over the past five years.

At the moment, most hemp-based products sold in the US are made from countries which already fully legalized hemp-production, such as Canada, Netherlands, and others.

Source: https://greencamp.com/cbd-hemp-production-doubled/

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist