Hemp industry sales grow to $688 Million in 2016, reports Hemp Business Journal


Hemp industry sales grow to $688 Million in 2016, reports Hemp Business Journal

DENVER, CO – Hemp Business Journal, the leading provider of data and market intelligence for the hemp industry, has published estimates of the size of the 2016 U.S. retail market for hemp products.

Hemp Business Journal and Vote Hemp estimate the total retail value of hemp products sold in the U.S. in 2016 was $688 million. Items like shelled seed, protein powder, soaps and lotions have continued to increase complemented by successful hemp cultivation pilot programs in numerous states. In all, sales of Hemp CBD products boosted the industry to a five year 22% CAGR.

Of the $688 million market size, Hemp Business Journal analyzed the market across seven primary product categories: (1) Food (2) Personal care (3) Textiles, (4) Supplements, (5) Hemp derived Cannabidiol (CBD), (6) Industrial Applications such as car

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