Cannabidiol, or CBD, product sales continue to grow across the country, the Boulder-based Hemp Business Journal reported. The hemp-derived CBD market was a $90 million market in 2015, exceeding expectations by $5 million. Sales are expected to reach $115 million for 2016, they estimated.
Sales of CBD extracts and infused products have risen in recent years following the lifting of a federal ban on hemp cultivation. “CBD is the hottest category in the broader multibillion dollar cannabis industry,” Hemp Business Journal founder and publisher Sean Murphy stated.