CBD News

CBD Industry will reach $16B by 2025

By March 12, 2019 No Comments

Recently, an investment bank called Cowen & Co. did research about CBD and how it is projected by 2025. According to the study around 7 percent of the studied people were CBD users and revenue in the whole industry would be around $16B in this year.

Hemp oil and other CBD products are displayed at the Mokena Park District’s January Flea Market. The market for CBD, short for cannabidiol, has exploded. (Warren Skalski/Chicago Tribune/TNS via Getty Images)

This is a very interesting study result because CBD hasn’t been approved at all by FDA. This means that if ever approved, the growing rate would be extreme.

The study also claims that people who don’t use CBD in a traditional way such as smoking it or by drinking oil, have actually tried beverages based on CBD.

Source: https://www.forbes.com/sites/irisdorbian/2019/03/12/cbd-market-could-pull-in-16-bln-by-2025-says-study

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