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

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.

Meanwhile, the national market for hemp-derived CBD alone may to balloon to as much as $7 billion by 2023, according to Hemp Industry Daily market projections.

Other products – and markets for those products – are still in development, meaning additional opportunities may emerge as the industry matures.

Investment Opportunity Assessment: U.S. Hemp provides a detailed analysis of how this trend is shaking out in the newly legal market and the opportunities it has unveiled.

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