The Cannabidiol Oil markets are projected to grow 700% (from 2016)
The Hemp Business Journal estimated that the CBD market will grow to a $2.1 billion market in consumer sales by 2020 with $450 million of those sales coming from hemp-based sources. That’s a 700% increase from 2016.
Forbes | Retail | Boitech
In fact, these markets are so hot right now that consumers need to beware. There are over 800 CBD products available in Washington state alone as of 2016. Some manufacturers are importing drums of CBD oil of questionable origin and mixing with local raw materials to stretch yields. Pure means “pure”. Do your homework!
