Legalization removes these barriers and is expected to provide a boost to the U.S. hemp industry, which was previously on track to grow to a $2 billion market by 2022 prior to the Farm Bill's passage. According to the Brightfield Group, though, legalization would result in a $22 billion hemp-derived CBD market by 2022, which excludes the many other types of hemp-derived products on the market. To put that in perspective, the entire domestic cannabis industry (which includes not just hemp, but also cannabis and all its derivative products) was projected to stimulate $23.4 billion in consumer spending by 2022. That means if the Brightfield Group's estimates are accurate, hemp-derived CBD alone could double the projected market value of the entire cannabis industry.
Because CBD currently operates on the boundaries of legality, it's tricky to figure out how big the industry is and how much bigger it could get. Brightfield pegs the market for hemp-derived CBD products at about $591 million in 2018, growing to $22 billion by 2022. Other analysts, while nowhere near as bullish, are still very positive on the sector. Hemp Business Journal says the market for hemp-derived CBD was about $190 million in 2017, and will grow to $646 million by 2022.
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A British pharmaceutical company is closer to getting its CBD medicine to the U.S. market with the government’s blessing, a first for the cannabis industry and potential game-changer for all marijuana and cannabidiol producers. A panel of government health advisers gave a unanimous recommendation Thursday to the U.S. Food and Drug Administration to approve Epidiolex, […]
Under the historic 2018 Farm Bill, hemp companies should be able to advertise like other agricultural producers and manufacturers. But many businesses say they still face hurdles, especially with digital marketing. A good example is Evo Hemp, a Boulder, Colorado-based hemp food company. “The Farm Bill is opening the doors to have the conversation with […]
Some of those products, which don’t include the CBD amount on their label, market themselves as “whole plant” or “full spectrum” hemp products, or say they are rich in other compounds from the plant, such as various fatty acids. Though it’s possible that those other compounds provide additional health benefits, that’s still uncertain. In those cases, you could check the COA, if they have one, which should list how much CBD or THC they contain.
Hemp, a non-intoxicating form of the plant Cannabis sativa (L.), was outlawed in the U.S. in 1937 when Congress passed the Marihuana Tax Act. Although most states have legalized hemp in some form since, the federal prohibition meant interstate commerce involving the plant and its derivative products remained illegal. Jenelle Kim, co-founder and lead formulator of hemp product manufacturer JBK Wellness Labs, said the prohibition overshadowed thousands of years of hemp usage in human culture. [Interested in starting a business in the cannabis or hemp industry? Check out our guide to the emerging opportunities in that field.]
While hemp might seem like a new phenomenon, its history dates back to the 1600s when growing hemp was encouraged for use in sails, ropes and clothing. However, in the 1900s, hemp was frowned upon by the government: in 1937, the Marijuana Tax Act banned hemp and marijuana cultivation. Yet, it wasn’t before long that industries realized the crop's benefits: In the 1940s, the government launched its “Hemp for Victory” program encouraging farmers to grow hemp to contribute to the war efforts and to be used in ropes, parachutes and other necessities. However, after the war, the laws went back to banning hemp. But in 2014 the U.S. Farm Bill was passed, allowing people to cultivate hemp as long as they registered and received a license.

HempWorx is a member of the Hemp Industries Association, and they are a highly reputable, transparent company. Their antimicrobial and gas chromatography tests plus current CoAs are readily available on their website. These positive brand features along with HempWorx’s high-grade, highly-reviewed, and affordable products have caught the attention of RevOffers.
My husband and I have been using/selling Hempworx for 3 months with great relief from arthritis pain and depression. However, I am looking elsewhere to be a retailer. The company has grown too fast and the owners cannot keep up. The bottling was terrible and leaking and and shipping expensive and delayed sometimes weeks. They corrected their bottling after I lost 4 bottles to leakage in transit (they replaced ONE). You get NO discount as a dealer on your orders and it is a total pyramid scheme that I detest. Work my ass off for some Liberal to get rich. The owner states opposition to our President and that alone turns my stomach. I am OUT asap.
Despite prohibition, the U.S. is already home to an active and thriving hemp industry, although much of it is confined to individual states because of the laws. Legalization means that U.S. farmers will now be able to grow the crop, and existing hemp companies will be able to expand unabated and undeterred by the potential for federal intervention.
By "a few drops a day" what do you mean? It says to "start at" 5 drops and work up to 15, if needed. I hate to talk negative about a product that I have yet to try so don't take it that way. However, 5-15 drops is a huge range and then 2X a day.....that bottle will empty pretty fast. Again, what is "a few drops a day" and how often are you taking a few drops? Thanks for your reply

A British pharmaceutical company is closer to getting its CBD medicine to the U.S. market with the government’s blessing, a first for the cannabis industry and potential game-changer for all marijuana and cannabidiol producers. A panel of government health advisers gave a unanimous recommendation Thursday to the U.S. Food and Drug Administration to approve Epidiolex, […]
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