The cannabis industry is growing exponentially in the United States. Cannabidiol (CBD) or CBD Oil is the term used to describe the products derived from extracting oils from hemp for over-the-counter or pharmaceutical use. Primarily CBD is sold commercially as a health supplement that must contain no more than 0.3% (one-third of one percent of) THC in the final product. The various health benefits of CBD (without the intoxicating effects of THC) make growth, specifically in the CBD industry, eminent and significant.
Forbes estimates the total CBD market to be $500million in 2018 with analysts predicting that by the end of 2024 it will be a $20BILLION industry. That is 40-x industry growth in a few short years. CBD investment is presently comparable to early dot-com investment with 30-70x multiples on publicly traded companies. The big difference being that CBD is based on a sustainable consumable product with a massive ongoing user market, reducing the risk of any kind of “bubble” that existed in the early 2000ʼs.
1https://www.forbes.com/sites/irisdorbian/2019/05/20/cbd-market-could-reach-20-billion-by-2024-says-new-study/#cb46c2849d05
