According to to an in-depth industry research report, the global hemp market-size was about $5 Billion US in 2019, projected to grow annually at 34% to over $35 Billion US in 2026.
Outside just medicinal CBD and other cannabinoid products, the industry has great potential in each of the following areas:
- Food products
- Health supplements
- Animal feed
- Animal bedding
- Heavy canvas
- Durable clothing
It will be exciting to track the progress of this magnificent crop as industrial demand grows and innovates.