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.
As a dorky kid, I spent many a Saturday at the Bloomington, Ind., public library, scouring Consumer Reports back issues for great deals. Now, as a (much) bigger kid, that's still my job! Identifying products and services, especially in healthcare, that are safe, effective, and affordable—and highlighting those that aren't—is my top concern. Got a tip? Follow me on Twitter (@Lisa_L_Gill)
"[Legalization] is paving the way for a massive expansion to both the agricultural industries and a spectrum of industries in America," Beckerman said. "[It opens] ancillary service providers from every industry like banking, insurance, finance, merchant processing and packaging labeling distribution. And we're talking about improving products by blending in the superior properties of hemp."
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We include this review merely to note that at least one other person wonders their cbd hemp oil is even cbd oil, or if it is merely hemp oil. This is not clear on the labeling, but after digging up information and doing some calculations, I believe the product may in fact contain therapeutic levels of CBD. Most likely, they failed to clearly demonstrate this because they are worried about selling to marketers, not to customers, and that could lead to supply issues for the consumer. Some MLM products, you can’t even get without becoming an affiliate.
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Overall, based on my personal HempWorx CBD oil review I would probably recommend HempWorx for people who have been (or plan on) using CBD as a routine daily treatment. Their 750 CBD oil was pretty effective for may anxiety and panic attacks, and it definitely helped me get to sleep in the evenings where I was having more intense episodes than normal.