Posted on August 1st, 2017 by Global Ganja Report and tagged
California,
cannabis,
capitalism,
CBD,
DEA,
edibles,
extracts,
hemp,
medicinal,
Nevada,
science,
United States.
Hemp Business Journal reports that products infused with CBD oil are leading growth in hermp-derived products sold in the United States generally, which in 2016 had a collective retail value of $688 million. This figure represents a five year 22% compound annual growth rate (CAGR). Joining more traditional products such as shelled seed, protein powder, soaps and lotions, are growing lines of medicinal preparations such as CBD edibles. Hemp-derived cannabidiol (CBD) accounted for $130 million in sales last year.
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