CBD Market Expected to Expand By 40% This Year
Nov 1, 2019
Cannabidiol (CBD) has been having an outstanding decade. The cannabis extract is still very divisive, but over the years, it has been able to worm its way into people’s hearts. The compound has proven itself quite effective against a host of medical conditions, ranging from chronic pain, anxiety, and depression to high blood pressure and seizures. A product so versatile could hide for only so long, and as word of its range of benefits spreads, demand for the product will only increase.
In a bid to exploit this market and give farmers all over the country the opportunity to invest in a new profitable cash crop, Congress passed the Farm Bill in 2018, in effect legalizing the cultivation of hemp, the plant responsible for producing CBD. Earlier this week, the USDA passed…
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