CBD and Hemp Sales Projected to Remain Strong – PR Newswire

A market report by Ameri Research Inc. indicates that the global legal cannabis market was valued at $14.3 billion in 2016 and is projected to grow at a CAGR of 21.1% from 2017 to 2024. During the forecast period, the projected demand of cannabis will continue to rise for both recreational and medical use with estimated global sales value to reach $63.5 billion. A major component of the legal cannabis industry is the CBD market. Matt Karnes of Greenwave Advisors has commented about the growth of the CBD market saying, “In terms of the CBD market size, I estimate an almost $3 billion market by 2021. Right now, there are 15 states that allow CBD only – this is in addition to the 28 states plus DC that have legalized medical marijuana,” Forbes reported. Chineseinvestors.com, Inc. (OTC: CIIX), Terra Tech Corp. (OTC: TRTC), CV Sciences, Inc. (OTC: CVSI), GW Pharmaceuticals plc (NASDAQ: GWPH), Zynerba Pharmaceuticals Inc (NASDAQ:

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