New Report: American CBD sales to reach $7B by 2023 as investments surge! - Magic CBD

New Report: American CBD sales to reach $7B by 2023 as investments surge!

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The passage of the U.S. Farm Bill flung open the door for institutional investors to pump millions of dollars into hemp and CBD companies, and financial firms are walking in, according to a new report from “MJBizDaily Investor Intelligence”.

“Hemp firms raised more than $230 million in the first five months of the year, according to data included in Investment Opportunity Assessment: U.S. Hemp.”

The domestic market for CBD derived from hemp can only inflate up to $ 7 billion by 2023, according to projections made by companies specialized in financial analysis.

New CBD products, and the markets for those products, are still in development, which means that more opportunities and more growth in this industry can emerge.

 

 

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