the passage of 2018 farm bill poses hemp for explosive growth in the United States


Released from the confines of an 82-year prohibition, hemp is now legally classified as an agricultural commodity. Just like wheat. Or soybeans.


Source: Hemp Business Journal estimates ($ mil., consumer sales)

Products derived from industrial hemp, including beverages, are set for explosive growth. Sales in the U.S. are expected to reach $22 billion by 2022, as projected by the cannabis market research company Brightfeld Group; Congress’ re-regulation of hemp has presented a good reason for many to celebrate. -Abbie Rosner, Forbes


Having already shown up in a growing spectrum of food and beverage products, the market for legal CBD products is expected to grow to $1.6 billion by 2021. -Market analysis at the Brightfeld Group

Source: Brightfeld Group