Our Place in the Industry
The hemp industry, in the past few years, is becoming the fastest growing industry in the United States. By 2022, the hemp-only CBD market is calculated to grow to $646 million before taking the Farm Bill’s enactment into account. Now, it will accelerate to $1.3B by 2022. Above all, CBD derived hemp is becoming more mainstream. Consequently, the industry is witnessing a seismic shift. As a result of this change of public opinion and regulatory policy there has consequently been a rapid expansion for the hemp and CBD industries.