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Cannabidiol or CBD is one of the hundred identified compounds present in the cannabis plant. Unlike the THC (tetrahydrocannabinol), it does not produce an intoxicating ‘high’. The CBD market is one of the most exciting markets globally due to a tremendous opportunity of expansion and growth. To The US CBD market will reach $22 Billion by 2022 - CBD Testers CBD tinctures still dominate the market, with 39% of sales, followed by CBD Topicals (19%) and CBD Softgels / Capsules (17%). As hemp CBD is extremely versatile, recreational CBD products such as CBD cosmetics, CBD water, CBD flowers, CBD edibles, terpene infused CBD products, etc. are expected to become a major sector, appealing to more casual U.S. Hemp CBD Market to Triple by 2022 - New Frontier Data Ultimately, mass-market retailers will have bolstered confidence to carry hemp-CBD brands. To date, the mass-market retail channel for hemp-derived CBD has seen less than $1 million in hemp-CBD products sales. By 2022, New Frontier Data estimates mass-market CBD alone to grow to $430 million in sales. Total CBD industry sales U.S. by type 2020 | Statista CBD sales in the United States from 2014 to 2022, by channel Global market share of hemp-derived CBD in 2018, by country Global wholesale product pricing for processed CBD 2015 to 2020
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