Data

Chart: Brand plays critical role in CBD purchases

Even in the relatively new competitive market around CBD, consumers are turning to trusted companies and brands to acquire products with the cannabinoid. Nearly one-third of respondents to a survey from High Yield Insights said they purchase CBD products from a specific brand’s website – more than those who said they use a general online […]

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US hemp map: Regional strengths, weaknesses for the industry

As the hemp industry has grown, a variety of states also have developed in different ways. Here’s a look at how the industry has developed – and what hemp entrepreneurs can look forward to – in the different regions across the country. The Hemp Cradle For years, Colorado led the nation in industrial hemp production […]

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Despite strong sales outlook for CBD, a flood of uncertainty remains

Entrepreneurs say they’re carried away by the excitement of hemp’s potential. Hemp Industry Daily projects hemp-derived CBD retail sales will surge to as much as $7.5 billion by 2023, up from about $1 billion this year. Nevertheless, entrepreneurs are uncertain where the rush will take them or what the market is going to look like when […]

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Chart: Farmers and ranchers show interest in growing and using hemp

U.S. farmers and ranchers are interested in growing and using hemp. A recent Farm Journal survey of 950 farmers and ranchers across the United States found that although almost none of them currently grow any form of cannabis, about half would consider doing so – and many would consider using it. The survey sought to […]

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What is CBD skin care worth? Industry executives talk market opportunities as retailers buy in

As companies prepare for legal changes to the hemp industry after the plant’s federal reclassification, a sleeping giant in the CBD sector is beginning to step into its full financial potential: skin-care products. The $18 billion U.S. skin-care industry is seeing a flood of CBD entrants, including large retailers such as Neiman Marcus, Sephora and Barneys. The skin-care scramble makes […]

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Chart: Opportunity in CBD-only stores limited, but strong growth expected for other channels

As state laws around cannabidiol continue to change, stand-alone CBD stores may become a relic. According to estimates from Hemp Industry Daily in the 2018 Hemp & CBD Industry Factbook, CBD sales in the U.S. are expected to exceed $1 billion by 2020. More than half (55%) of retail respondents to a survey for the Factbook described their stores are […]

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Chart: U.S. hemp production soars in 2017

Rising acceptance for hemp and CBD – combined with easing regulations at the state level – caused U.S. hemp production to surge in 2017. From 2016 to 2017, the number of acres licensed for hemp cultivation in the top 10 hemp-growing states grew by 140% – while the number of hemp producers doubled over the same […]

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