CBD Growth Expected to Reach Billions
Analysts at Cowen (the investment bank) featured CBD, a hemp and marijuana compound, as an immense opportunity for growth, in a most recent report.
They estimated that CBD in the US market would skyrocket from about $1 billion to $16 billion by the year 2025. Even though there needs to be more science in relation to CBD's therapeutic benefits and The Food and Drug Administration (FDA) has only approved CBD-based drug that's used to treat rare forms of epilepsy, Epidiolex.
5 years ago