“Cannabis needs a chance to be regulated like any other business in this country –that’s what we believe, and what we fight for every day. I don’t see a rationale in cherry-picking states’ rights. Politicians on either side of the aisle, have some consistency: let states govern.” -Southern California Coalition (SCC) Executive Director Adam Spiker
CBD market could grow 700% by 2020
A new report by market intelligence firm Hemp Business Journal projects that the CBD market will grow to $2.1 billion by 2020, an astronomical jump in value compared to last year’s CBD market of $202 million.
Medical Marijuana Inc. said that there were $65 million in hemp-based CBD sales in 2015 and that they are the current market leader with over $800,000 in retail CBD sales per month. Their CBD sales have grown from $3.4 million in 2013 and are expected to be $9 million in 2016.