Photo by Stefan Rodriguez
PALM BEACH, Florida, May
21, 2019 /FinancialNewsMedia.com — A recent industry report
on the future of the CBD market, had higher than expected revenue figures than
expected.
An article focusing on northeastern U.S said:
“Other owners of tens of thousands of acres of preserved agricultural land
are betting on a bill that’s working its way through the state Legislature that
will allow them to join a business that’s expected to be worth $22 billion by
2022.
The demand for CBD products is exploding. At the moment the demand is far
outpacing the supply,” said Heather Darby, a hemp expert at
the University of
Vermont Extension who has advised agricultural officials and
prospective hemp cultivators in Massachusetts. “Farmers and
businesses are scaling up production quickly and moving from producing an acre
to producing 50 acres… About 1,500 to 2,000 hemp plants can be grown per acre
generating between $40,000 and $50,000,
according to information provided by Brightfield Group, a Chicago-based
cannabis research firm.
With the recent onslaught of celebrity endorsements including PGA star Bubba
Watson, actress Mandy
Moore, NFL/NBA/NHL/MLB players, Kim Khardashian and more.. the demand has
surged to astronomical proportions. Vineyard owners are converting to hemp to
cash in, tobacco farmers are doing the same the green rush is definitely on and
popping!
Want to learn how you can cash in the
craze? Here’s 4 ways
*Apply for our Private
Cannabis Mastermind Group
*Attend our 2-day Conference (Nov
15-16th, 2019)
*Subscribe
to our Podcast
*Join our Email List (Form in sidebar)
