Can CBD Market hit $22 Billion by 2022?
The widespread influence of CBD industry
The CBD market have exploded in an unprecedented rate. In the past few years, it is predicted to hit $22 Billion by 2022 according to reports.
The market's popularity and the revenue generation continues to grow where it sky rockets to the top and can become its own mega-industry alone. Because of this, pressure is mounting to make hemp cannabidiol (CBD) products available at retail as consumer demand grows.
Sarah Syed, director of marketing at CV Sciences (Las Vegas), a supplier of CBD ingredients and products, notes the “explosion” in demand for hemp and CBD products in the U.S., in an interview with Nutritional Outlook.
And also, according to a new estimate from cannabis industry analysts the Brightfield Group, the hemp-CBD market alone could hit $22 billion by 2022.
Cannabidiol (CBD) got its own reputation because it can provide health benefits to certain conditions unlike its cousin, Tetrahydrocannabinol (THC) that will get you high. CBD is non-psychoactive cannabinoid found in cannabis that is famously used because it can help deal with discomfort, tension or sleep issues.
Hempworx is one of the biggest player in the market that provides CBD-hemp products. With Hempworx's surging popularity because of its customers and affiliates, they are giving opportunities to people to become part of this exploding Industry.
CBD Market Sales showing POWER
A market report by Ameri Research Inc. indicates that the global legal cannabis market was valued at $14.3 billion in 2016 and is expected to grow at a CAGR of 21.1% from 2017 to 2024.
During the forecast period, the projected demand of legal cannabis products will continue to rise for both recreational and medical use with estimated global sales value to reach $63.5 billion.
The legal cannabis market is witnessing robust growth thanks to successful legalization and decriminalization campaigns across North America and Europe.
Ameri Research also explained that due to the complex regulatory structure at the state level and federal level, the full potential of the CBD market is not yet realized.
A Great time for Hempworx Affiliates
You can see from various reports and resources that NOW is the continuous rise of the CBD market. That is why Hempworx is drawing all its guns to give people the opportunity to change their lives by empowering themselves to be in the CBD market.
Hempworx offers products that are on top quality because they are produced from the organic compounds of cannabis/hemp plants.
Hempworx along with its affiliates alone is projected to produce revenue to hundreds of thousands or even millions when the market continues to rise at this rate.
Don't be left behind because this is the right time to ride the right bus to your life-changing decision. Become one our Hempworx's affiliates! Be a member today and start your free tour with our products.