Consumers want CBD and hemp products, and the numbers back it up. A Colorado-based marketing research company, BDS Analytics, and Arcview Market Research projects CBD sales in the United States to grow by more than $24 billion in 2024. The numbers are based on products expected to be sold at retailers and licensed dispensaries. The firm believes there is great...
Most states in the United States are onboard with the cultivation and use of industrial hemp, according to the 2018 U.S. Hemp Crop Report released by the advocacy group, Vote Hemp. The report details state-by-state progress of legislation, lists acreage of hemp grown, identifies states with active pilot farming programs, showing that many states are on the same page with...
By 2022, sales of products containing cannabidiol and other types of hemp will soar nearly 10-fold to $2.6 billion in 2022, according to the cannabis research firm, New Frontier Data. These stats were before the federal government’s landmark move to remove industrial hemp off its list of controlled substance. Thanks to this move, the plant’s popularity may catapult into a...
After the U.S. adopted a law that aims to revive the agricultural industry by legalizing hemp and preventing organic fraud, authorities announced the largest fraud scheme to rock the organic farming sector. Recently, federal prosecutors announced that Missouri farmer and businessman, Randy Constant, was arrested for ripping off customers nationwide by falsely promoting more than $140 million worth of corn,...
The adoption of a law, commonly known as the farm bill, in December 2018 legalized domestic industrial hemp, gave a much need boost to those in the struggling agriculture industry, and gave a generous hoist to Senate Majority Leader Mitch McConnell’s 2020 re-election campaign. Prior to the new law, McConnell, who proudly touts himself as a politician not a public...
