Hemp - CBD Sales Gain

Katelyn Baker

Well-Known Member
Boulder - Sales of products containing cannabidiol oil, a non-psychoactive compound of hemp and marijuana plants, continue to grow across the country, the Boulder-based Hemp Business Journal said.

CBD from hemp was a $90 million market in 2015, beating expectations by $5 million, the trade publication estimates in a new report. The sales are expected to reach $115 million this year, the organization said.

Marijuana-derived CBD sales were an estimated $112 million in 2015, the group said.

Sales of CBD extracts and infused products have risen in recent years following the lifting of a federal ban on hemp cultivation and the legalization of marijuana in some states.

"CBD is the hottest category in the broader multibillion dollar cannabis industry," Hemp Business Journal founder and publisher Sean Murphy said.

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Full Article: Hemp - CBD Sales Gain
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