The CBD industry is growing at an explosive rate. How is this wonder substance changing the face of the entire industry? These facts and statistics will help quantify the dramatic impact of CBD on the global marketplace.
There are 7 times more retail marijuana stores per 100,000 residents than McDonald’s restaurants in Portland, OR. Retail marijuana shops are outpacing McDonald’s and Starbucks store density in mature markets. (Source: MJBizDaily)
The hemp-CBD market is projected to grow to $22 Billion by 2022. (It’s currently estimated at about $600 Million. (Source: Green Entrepreneur)
In a survey by Packaged Facts, 39 percent of dog owners said they “liked the idea” of giving CBD supplements to their pets. (Source: Packaged Facts)
Currently, millions of Americans buy at least once CBD oil product each month. We believe that number is on track to reach 100 million people by 2025.
Traditional skincare is a $167 Billion industry. Considering that figure, the entire CBD market could encompass up to $100 Billion inside of a decade. (Source: Piper Jaffray)
From its current levels, we project a
compounded annual growth rate of 147%for
the CBD industry -- a massive number that
indicates a completely unprecedented
Hemp was considered one of the 50
essential Chinese herbs in traditional
Eastern medicine -- way back in 2700 B.C.
(Source: Psychology Today)
Currently, 7 percent of American adults use
CBD products. Given the prominence of the
CBD sub-industry in health, beauty,
wellness and pet markets -- that number is
primed for exponential growth, rewarding
early investors. (Source: Forbes)
We are building a new business that will provide for an ever-growing consumer need – creating jobs, providing relief to some who suffer, and perhaps helping to solve one of our nation’s most troubling epidemics.