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When the 2018 Farm Bill was signed, the CBD industry exploded. The act contained wording that effectively made the possession of any hemp product legal Since CBD is predominantly extracted from hemp, the CBD industry capitalized on this wording by getting out ahead of the story, declaring it a win for their products and then flooding the market with them before the law could say otherwise.
The result is that now most states are changing old laws from their books and making way for CBD to be used without legal repercussions in any way. As more states move toward legalizing medical marijuana, CBD is a minnow in the stream to law enforcement, so the Farm Bill seems to have opened the door and paved the way for the industry to expand rapidly.
Where the market is now and where it is
headed are both very excited to both
users of CBD oil and investors. The manufacturers are poised to make
record-breaking profits. In fact, some companies who went public on the stock
markets are already seeing increases in stock by as much as 3000%.
So, what the industry is worth now is nothing
at all compared to its potential worth. Let’s take a look at current numbers
and projections based on the input of industry experts from CBD industry and
Wall Street.
Numbers
As long as 2 years ago, the CBD industry was projected to be worth approximately $2B by 2022. That’s a heft number and many saw this is a growth industry, based on these numbers alone. By the middle of 2017, The CBD industry was worth approximately $367 million and had already experienced as much as 40% growth. These numbers, in and of themselves, were fantastic returns on investment (ROI) for those who invest and for the owners of the companies who were betting their lives on the CBD industry.
In December of 2018, the Farm B… Read More
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