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CBD Oil Market To Reach $1 Billion By 2020

The total cannabidiol market will reach $467 million this year

The report’s findings are based on a 55 percent annual growth rate. There were $170 million in CBD sales in 2016 according to Brightfield Group.

The total cannabidiol market will reach $467 million this year, according to Brightfield Group and HelloMD.

CBD oil differs from other cannabis medications in that it can be produced without THC, so it’s legal in all 50 states and not subject to federal regulation.

The lack of psychoactive effects from THC, while providing medical relief to many conditions including epilepsy, makes CBD oil a strong option for children and elderly patients.

 

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Marijuana Retail Report, is a national daily online trade publication serving retailers of marijuana products and accessories. News and information are geared strictly to select retail channels, with distribution limited to licensed collectives, recreational retailers, accessories retailers, and wholesalers.

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