Developing Industrial Hemp Segments Will Take Time
Without regulatory assurances, or conventional financial services, the hemp industry faces significant headwinds. Hempseed is the most freely traded...
Category: Hemp
CBD Markets
Market projections for CBD have stated that the current market is anywhere from $2-4 billion globally, and expected to grow at double digit CAGR. Early projections by firms showed that markets could exceed $20 billion by 2024, but in 2020 these were adjusted downward. Nevertheless, the outlook remains bullish with estimates from roughly $8 billion to $20 billion in 2026. Hemp prices will not increase commensurately, but increased sales volume will help to shore up markets and stabilize hemp pricing.
The optimism is not unrealistic in some r...
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