The CBD industry is expected to grow exponentially over the next several years. In fact, studies show that 1 in 3 people are expected to try CBD in the next 12 months. Interested in CBD sparkling waters or other beverages? Top-selling gummies or oils? We have you covered.
In 2018, Congress passed the 2018 Farm Bill, which allowed for the sale of hemp-derived CBD. Since the passage of this bill, the CBD industry has continued to grow. Today, hemp-derived CBD is a highly profitable category at an estimated $15 billion market potential by 2030. Nearly 100M adults are expected to try CBD in the next 12 months. CBD stands for cannabidiol and is one of the many cannabinoids, or chemical compounds, found in hemp. The two most popular cannabinoids are THC and CBD. So, what’s the difference between the two? CBD is non-psychoactive and non-toxic.