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Tuesday, 08/03/2021 12:57:02 AM

Tuesday, August 03, 2021 12:57:02 AM

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$ALDS A recent report by market research company Grand View Research (“GVR”) predicts that the global industrial hemp market, currently estimated at USD$4.71 billion, will continue to grow throughout the next decade. GVR forecasts that the global hemp industry will register a compound average growth rate (“CAGR”) of 15.8% between 2020 and 2027 and will be driven by increased demand for hemp oil and fibers in the automotive, construction, food and beverage, personal care, and textile industries; especially in emerging regions such as the Asia Pacific.
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