Legal Cannabis and CBD Markets Grow in the United States

One major component of the legal cannabis industry is the CBD market. A report by the The Hemp Business Journal estimates 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. In 2015, the market for consumer sales of hemp-derived CBD products were $90 million, plus another $112 million in marijuana-derived CBD products, sold through dispensaries – bringing a total CBD market to $202 million last year. That’s a 700% increase from 2016., Inc. (OTCQB: CIIX) announced on May 2nd that it has appointed Summer (XiangYang) Yun as Chief Executive Officer (CEO) of its wholly-owned foreign entity, CBD Biotechnology Co., Ltd. XiBiDi Biotech’s primary focus is online, retail and direct sales of hemp-based health products in China. Yun’s initial focus will be the launch of ‘CBD Magic Hemp

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