The Growth of the Medical Cannabis and CBD Markets – PR Newswire

Cannabidiol (CBD) is one of at least 113 active cannabinoids identified in cannabis. Unlike the compound tetrahydrocannabinol (THC), CBD is not psychoactive and has significant medical benefits. According to Hemp Business Journal, the total retail value of hemp products sold in the U.S. in 2016 reached $688 million, while the growth of Hemp CBD contributed significantly to the total sales. Sean Murphy, the Founder and Publisher of Hemp Business Journal, said: “We estimate the hemp industry will grow to $1.8 billion in sales by 2020, led by hemp food, body care, and CBD-based products. The data demonstrates the hemp industry is growing quickly at 22% five year CAGR and being led by food and body care products, with Hemp CBD products showing a 53% AGR.”, Inc. (OTCQB: CIIX) on earlier this week announced, “An update on its financial and business achievements for the third quarter of 2017, as well

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