CBD-based Products Generating Significant Revenues in Cannabis Industry

Market research analysts are projecting the global CBD oil market to grow at a projected CAGR of 39.19% over the next four years, according to HTF Market Intelligence. There are an estimated 15 states that allow CBD based products only as compared to the 28 states plus DC that have legalized medical marijuana but the industry however is pointing to CBD Products are growing a rapid pace and becoming more and more popular with consumers. Hemp-derived cannabidiol (CBD) is projected to be a billion-dollar market in just three years, according to a new report by Brightfield Group. This high growth market continues to result in increased revenue levels, as well as the increasing variety of product offerings and innovation for the Marijuana/Cannabis industry.