$FRLF Freedom Leaf will take the brand and potential revenues one significant step further by manufacturing a number of unique Full Spectrum Hemp/CBD oil products.
The CBD Industry grew by nearly 40% in 2017, which marks the first year that Hemp-derived CBD products, like the full spectrum CBD manufactured by Freedom Leaf, outpaced sales for marijuana-derived CBD products.
According to New Frontier Data, Surging demand is expected to result in 2018 being a break-out year for CBD, with the total market expanding to more than $500 million in sales.
The report projects that the CBD industry will grow to $1.2 billion by 2020, and nearly $2 billion by 2022. Execs are confident that Freedom Leaf, Inc.’s full spectrum hemp lines, including IrieCBD and hempology, will capture a significant market share alongside industry growth.
