U.S. Hemp Market Update
- Author
- Josh Kincaid
- Published
- Wed 02 Mar 2022
- Episode Link
- http://thetalkinghedgepodcast.com
According to Coherent Market Insights, the global cannabis extract market is estimated to be valued at $10.74 billion in 2022 and is expected to exhibit a CAGR of 17.3% over the forecast period (2022-2030).
The key players operating in the market are focusing on formulating new product offerings infused with CBD oil to provide consumers with easy access.
A hemp survey collected data for hemp found:
*Planted area for industrial hemp grown in the open for all utilizations in the
*United States totaled 54,152 acres.
*Area harvested for all utilizations totaled 33,480 acres.
*The value of U.S. hemp production in the open totaled $712 million.
Episode 898 The #TalkingHedge looks at Benzinga’s article...
