Significant Growth Is Expected With Branded Marijuana-Derived CBD Products

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The CBD Report 2018: Industry Outlook, details how the U.S. CBD industry grew nearly 40 percent in 2017, reaching $367 million in sales across both hemp-derived and marijuana-derived markets.

  • For the first time in 2017, U.S. hemp-derived CBD products outsold marijuana-derived CBD products.
  • Marijuana-derived CBD branded sales grew from $64M in 2016 to $118M in 2017, a one-year increase of 84 percent. They will account for nearly 80 percent of the market versus flower by 2020.
  • The anticipated rollout of Epidiolex in September will open the pharmaceutical channel; by 2022 the juvenile epilepsy treatment will account for approximately 1/3 of the total CBD market, netting estimated sales of over $625M.

The post Significant Growth is Expected with Branded Marijuana-Derived CBD Products appeared first on New Frontier.

Source: https://www.benzinga.com/markets/cannabis/18/08/12239380/significant-growth-is-expected-with-branded-marijuana-derived-cbd-pr

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